The U.S. Senate is poised to vote on critical crypto market structure legislation that could provide long-awaited federal clarity and boost adoption. The bipartisan effort, driven by the Responsible Financial Innovation Act, aims to address key issues such as token classification, regulatory jurisdiction, and the role of the U.S. Securities and Exchange Commission (SEC). Senate Banking Committee Chairman Tim Scott and Senate Agriculture Committee's John Boozman are leading the charge, with active involvement from the White House. Galaxy, a digital asset research firm, highlighted that the upcoming votes could either advance the legislation or stall progress due to unresolved policy disputes, including DeFi regulation and stablecoin reserve yield limits. The firm noted that successful enactment would be a significant catalyst for crypto adoption, while failure to advance the bills might have minimal fundamental impact but could affect market sentiment. The narrow window for action is pressured by a crowded congressional calendar and upcoming midterm elections.