The U.S. Senate Banking Committee is set to hold a hearing on crypto market structure on July 9, 2025 as per reports.
This discussion comes on the heels of legislative efforts in Washington, where attempts to push through crypto-specific amendments didn’t quite make it. Still, there’s a sense of optimism within the digital asset community.
The hearing will be reportedly joined by key industry leaders, including Ripple CEO Brad Garlinghouse and Chainalysis CEO Jonathan Levin, who will be testifying. Blockchain Association CEO Summer Mersinger and Paradigm’s Dan Robinson will also appear as witnesses. The hearing will begin at 10:00 a.m. EST and could significantly influence future regulatory frameworks.
Regulatory Pressure Builds as Bills and Amendments Clash
Senator Cynthia Lummis’s crypto tax amendment failed to pass despite strong lobbying efforts. This defeat highlights lingering resistance within the Senate. Besides, President Trump’s “One Big Beautiful Bill” progressed without crypto language, leaving the industry in limbo.
However, the GENIUS and CLARITY Acts could offer legislative clarity. If both bills pass, GENIUS heads to the President’s desk while CLARITY moves to the Senate floor.
