The U.S. Senate version of the crypto market structure bill is expected to be released this week, with hearings and a vote scheduled for next week.

New York Democratic Senator Kirsten Gillibrand and Wyoming Republican Senator Cynthia Lummis spoke at the Blockchain Association Policy Summit in Washington, D.C. on Tuesday, detailing the direction of lawmakers’ progress toward a comprehensive regulatory bill for the cryptocurrency industry, namely the Crypto Market Structure Act.