Capitol Hill Heats up With Crypto Titans and Lawmakers 90% Through Historic Regulatory Overhaul

CN
17 hours ago

Lawmakers and crypto industry executives are increasingly confident that comprehensive market structure legislation will pass by year-end, marking what could be the most significant step toward regulatory clarity for digital assets in the United States. The optimism follows a series of meetings on Capitol Hill involving venture capitalist David Sacks—President Donald Trump’s AI and crypto czar—alongside several senior crypto executives, including Coinbase (Nasdaq: COIN) Chief Executive Brian Armstrong, White House Crypto Council Executive Director Patrick Witt, and representatives from other leading firms in the digital asset sector.

Sacks said on social media platform X that after “productive meetings with leading Democratic members,” he believes lawmakers are “in excellent position to pass market structure legislation with bipartisan support this year.” He explained that the measure will “finally bring much-needed regulatory clarity to the crypto industry,” and builds on the Genius Act signed earlier this year by Trump.

Armstrong reinforced that message, writing:

DC may be shut down, but momentum for market structure clarity is at an all-time high. I sat down with Senate Democrats and Republicans who want to get this done – we’re 90% there. Both sides are working hard to figure out the final 10%, and we’re getting close.

Sources close to the negotiations suggest that committee action could come before Thanksgiving, positioning the bill for passage before year-end.

Coinbase has amplified its campaign in Washington to ensure the bill moves swiftly through Congress. Armstrong stated:

Coinbase is continuing to push for clear rules that protect innovation in DeFi and your right to earn stablecoin rewards. We’re bullish on getting a bill passed by year-end, and hopeful it’s out of Committee by Thanksgiving.

The crypto exchange also posted: “We’ll keep fighting for the future of crypto here on the Hill!” The firm’s “Clari-Tea” outreach initiative urges citizens to back the Clarity Act and contact senators to support comprehensive crypto regulation. Proponents contend that passing the legislation this year would stabilize the market and reinforce U.S. leadership in digital finance, while critics warn that expedited passage could dilute oversight. Advocates counter that timely clarity is essential to sustain innovation and global competitiveness.

  • Why are lawmakers and crypto executives confident about passing crypto market structure legislation by year-end?
    Bipartisan momentum and productive Capitol Hill meetings, led by figures like David Sacks and Brian Armstrong, have created strong confidence that comprehensive U.S. crypto regulation will pass before the end of the year.
  • How would the new market structure bill impact investors and the digital asset industry?
    The legislation would deliver long-awaited regulatory clarity, boosting investor confidence, stabilizing markets, and positioning the U.S. as a leader in digital finance innovation.
  • What role is Coinbase playing in advancing crypto regulation?
    Coinbase is leading advocacy efforts in Washington through campaigns like “Clari-Tea,” urging citizens and lawmakers to support the Clarity Act and ensure DeFi innovation and stablecoin rewards remain protected.
  • What are the next steps for the crypto legislation before passage?
    Committee action is expected before Thanksgiving, setting the stage for a full congressional vote and potential passage of the bill by year-end, marking a landmark shift in U.S. digital asset policy.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink