Crypto policy leaders now believe that the market structure bill, aimed at regulating most crypto assets, has very slim chances of passing Congress this year. Despite initial optimism when the bill cleared two key House committees, lobbyists warn that macro political factors, particularly related to former President Donald Trump's crypto ventures, are derailing its progress. Democrats are attempting to tie the bill to Trump's personal crypto dealings, which has complicated negotiations. The ongoing partisan tensions and a lack of bipartisan support further diminish the bill's prospects, especially amid escalating political issues, such as recent military actions taken by the Trump administration. As the crypto community considers its options, there’s a growing consensus that significant market structure legislation may need to be postponed until 2026. In the meantime, the GENIUS Act, focusing on stablecoins, appears to be gaining momentum but could fail to address the broader regulatory needs of the crypto space if passed alone.

Source 🔗