Cardano Founder Joins Senate Banking Committee Crypto Roundtable on Market Structure Bill

Cardano founder Charles Hoskinson has confirmed that he will participate in the Senate Banking Committee’s roundtable on crypto market structure legislation.

The meeting is taking place today, September 17, and will bring together lawmakers and key industry leaders to discuss the next phase of U.S. crypto asset regulation.

Early versions of the bill address concerns from crypto firms about how regulations could affect open-source software and decentralized finance.

Notably, a central topic of discussion is how to distinguish between securities and commodities in the crypto space. The Senate’s draft is expected to incorporate lessons from the Ripple vs. SEC case, which treated initial token sales as securities while recognizing secondary-market tokens as commodities.

Other points of debate include disclosure requirements for blockchain projects and how to regulate decentralized protocols without stifling innovation.

Legislative Path Ahead

Essentially, the bill will establish clear regulatory boundaries for digital assets. It will also define which federal agencies, such as the CFTC, SEC, and FinCEN, will oversee different parts of the crypto market.

Notably, the bill is expected to elevate the Commodity Futures Trading Commission (CFTC) as a primary regulator.

After consultations, the Senate Committees on Banking and Agriculture must finalize and approve the bill. It will require 60 votes in the Senate, a high bar that necessitates bipartisan support.

Once passed, the bill will move to the House, which has already shown strong support for similar legislation and passed a previous amended version of the bill. Finally, it will go to President Trump for signing, potentially in late 2025.

Ultimately, Hoskinson’s attendance highlights the willingness of crypto leaders to engage directly with policymakers. Over the years, crypto executives have called for clearer rules that protect developers and encourage innovation.