Bitwise’s Matt Hougan says crypto will have to “wrestle with prolonged regulatory grind and skepticism” if the US fails to pass a market structure bill.
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US Senator Roger Marshall filed an amendment last week that would have forced companies to compete on swipe fees.
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The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests.
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The Senate Banking Committee is backing Donald Trump’s move to bar institutions from buying family homes, which could delay the market structure bill, Bloomberg reports.
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As Republicans look to notch policy wins ahead of the midterms, Trump advisor Patrick Witt says the market structure bill must include compromises to advance in the Senate.
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The Republican and Democratic Senate Judiciary leaders have called for changes to the market structure bill, arguing it would “weaken” the ability to police money transmitters.
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A top Russian lawmaker says crypto “will be a common occurrence” in the country, with plans for a bill to deregulate the market for retail use.
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Senate Banking Committee Chairman Tim Scott says further negotiations to garner bipartisan support for a key crypto-regulating bill are needed before it can advance.
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Securities and Exchange Commission chair Paul Atkins voiced strong support for the bipartisan legislation aimed at moving crypto markets out of a regulatory gray zone.
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Senate Agriculture Committee Chairman John Boozman says he’s delayed work on a crypto market structure bill to have more time to secure bipartisan support.
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A series of ads reportedly aired on Fox News, calling on the public to contact their senators to remove DeFi provisions from the CLARITY Act bill.
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New York lawmakers will soon review a bill that seeks to ban certain sports and political event contracts in the state, among others.
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White House AI and crypto czar David Sacks said the CLARITY Act will reach the Senate next month for debate and amendment before a full vote.
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A bill clarifying that property laws apply to crypto was given royal assent in the UK, with advocates hailing the move as giving crypto “a much clearer legal footing.”
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Senate Banking Chair Tim Scott says the committee could mark up a crypto market structure bill in December, sending it to President Donald Trump for early 2026.
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