Here’s what we are looking for now that Congress is back from the heat -warming and we enter the last four months of 2025.
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The narrative
Welcome to the last four months of 2025. Here we are looking for this year’s final third.
Why important
Crypto has gained a major bill this year-the Genius Act that corresponds to Stablecoins-but the larger bill of market structure remains a development. Congress is back from the backbone of the Tag -Heart but there are other issues that it has to deal with, including a funding deadline by the end of the month.
Breaking it
In the legislative branch, all eyes are in the law of market structure. While the House of Representative passes the Digital Assets Market Clarity Act (Clarity Law) With Bipartisan’s excessive support earlier this year, the Senate has since lost its own route, with the Senate Banking Committee published many drafts that refer to “Ten Assets” and work towards the creation of guidelines for the wider crypto sector.
While the banking committee has published many drafts – including a late Friday – The Senate Agriculture Committee has not lost so far. Any law will require support from both committees, provided by the banking committee administering the Securities and Exchange Commission and the agricultural committee administers the commodity trade trade commission.
In addition, this bill will need BIPARTISAN support, provided by the 60-Botten threshold it will need to advance to the Senate. Chairman of the banking committee Tim Scott has set a deadline of Sept. so many other concerns The Senate is now there.
Federal regulators, for their part, are also moving fast. On Tuesday, the Securities and Exchange Commission and Commodity Futures Trading Commission Published a joint statement In the crypto trading area of (Although it has not named these possessions).
On Thursday, The SEC has published a public agenda Responding to close priorities with many crypto -related items. The SEC aims to suggest a policy on selling crypto assets in April, as well as possibly meet a safe port.
And on Friday, the SEC and the CFTC published a joint statement announcing that they would continue to work to “agree” their efforts around the crypto regulation. At that point, there will be a joint on September 29th.
Wednesday
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See you next week!
