Congress Poised to Pass Major Crypto Market Bill
- Senator Cynthia Lummis leads efforts for crypto bill passage.
- Bill could unlock investments in US crypto markets.
- Primary impacts expected on Bitcoin and Ethereum.
Senator Cynthia Lummis and her Senate colleagues aim to pass significant crypto market structure legislation in 2025, influencing digital asset regulation across the United States before the year’s end.
The bill’s passage could enhance regulatory clarity, attract institutional investments, and boost U.S. leadership in digital assets, impacting major cryptocurrencies like Bitcoin and Ethereum.
Senator Cynthia Lummis anticipates Congress will pass a comprehensive crypto market structure bill before the year’s end. This legislation, led by Lummis and others, aims to provide regulatory clarity and foster innovation in the U.S. digital assets sector.
Key players in this legislative effort include bipartisan senators such as Tim Scott, who chairs the Senate Banking Committee, and Ted Budd, promoter of the Financial Technology Protection Act. The bill targets regulatory certainty across digital asset classes.
The bill’s passage will influence institutional involvement, unlocking new investments in the digital asset space. As regulatory clarity encourages capital inflow, potential impacts could be seen in markets focused on Bitcoin and Ethereum.
Financial implications include possible categorization changes between commodities and securities, impacting both the SEC and CFTC’s jurisdiction over digital assets, and subsequently affecting protocols and market behavior.
Cynthia Lummis, U.S. Senator (R-WY) – “Digital assets are the future of American financial innovation and it is critical that as we craft pro-growth legislation that we also maintain security standards. The Financial Technology Protection Act strikes the right balance of developing safeguards against illicit activities without stifling the innovation that makes our digital economy thrive. I am proud to join Senator Budd in securing America’s position as a leader in the digital asset space while protecting consumers and maintaining the integrity of our financial system.” Source
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jackson Hole 2025: Will Powell Spark Another Crypto Bull Run?
Kanye West YZY memecoin hits $3B, but falls after insider concerns
Asian markets remained mixed while oil extends gains into second day
Share link:In this post: Asian markets stayed mixed as investors await signals on US interest rates, while EU stocks slipped. Oil prices rose for a second straight day after US crude stockpiles fell sharply and gasoline supplies kept dropping. Brent crude stayed above $67 a barrel but remains down over 10% this year with oversupply fears lingering.
US and European Union have reached a trade deal – Here are the terms
Share link:In this post: The US and European Union have finalized a trade deal, easing tariff tensions and securing new commitments on industrial and agricultural goods. Washington agrees to lower auto tariffs to 15% once Brussels enacts reductions, while Europe pledges $750B in US energy purchases. The pact also covers digital trade, climate rules, and sustainability regulations, aiming to prevent barriers for transatlantic businesses.
Trending news
MoreCrypto prices
More
