According to @cryptorover, Donald Trump said "I will sign crypto legislation," indicating support for advancing U.S. crypto policy if such bills reach his desk, source: Crypto Rover on X (Nov 9, 2025). Active legislation includes the Financial Innovation and Technology for the 21st Century Act (H.R. 4763, FIT21), which passed the U.S. House on May 22, 2024 and awaits Senate consideration, source: U.S. House of Representatives, H.R. 4763 roll call (May 22, 2024). The House Financial Services Committee has negotiated federal-state payment stablecoin legislation through 2023–2024 that would establish issuer standards and supervision, source: U.S. House Financial Services Committee stablecoin draft materials and hearings (2023–2024). Congress approved a resolution to overturn SEC Staff Accounting Bulletin No. 121 in 2024, but President Biden vetoed it on May 31, 2024; SAB 121 therefore remains in effect for crypto custody accounting, source: White House Veto Message on H.J.Res. 109 (May 31, 2024) and SEC Staff Accounting Bulletin No. 121 (March 2022). For traders, FIT21 would expand CFTC jurisdiction over digital commodities while preserving SEC oversight of digital asset securities, a structural shift that can alter token classification, exchange listing standards, and compliance costs for BTC, ETH and altcoins, source: U.S. House of Representatives summary of H.R. 4763 (FIT21). A federal stablecoin framework would formalize issuer licensing and reserve requirements, directly affecting USD liquidity rails and market depth in USDC/USDT pairs across U.S.-facing venues, source: U.S. House Financial Services Committee stablecoin draft framework (2023–2024). If a future administration signs crypto legislation aligned with FIT21 or a stablecoin regime, U.S. policy risk premia and liquidity conditions for BTC and ETH could reprice around Senate progress and implementation timelines, source: U.S. legislative status of H.R. 4763 and House Financial Services Committee stablecoin work (2023–2024).

According to Robbie Ferguson, an X post on Aug 15, 2025 lists 2025 U.S. crypto policy developments including the GENIUS Act, a draft CLARITY Act, a crypto taskforce, a rescinded SEC SAB 121, an Epic Games decision, and 401(k)s opening to crypto, and further claims the U.S. is about to start accumulating BTC in a strategic reserve (source: @0xferg on X). For trading, treat all items as unconfirmed headlines until validated by primary documents or official releases before taking directional positions in BTC or crypto-exposed equities (source: @0xferg on X). The post can still influence near-term sentiment and intraday volatility due to headline dispersion, so risk-manage exposure and await corroboration from official channels before acting (source: @0xferg on X).

According to @VanessaGrellet_, the SEC plans to modernize custody rules for intermediaries, providing explicit support for self-hosted wallets and staking. The updated regulations address criticism of SAB 121 and special-purpose broker-dealer rules, which previously restricted custodial options. This regulatory change is considered a significant win for self-custody and DeFi users, potentially increasing user confidence and trading activity in decentralized platforms (Source: @VanessaGrellet_).

According to Eleanor Terrett, Mike Ring, CEO of Old Glory Bank, has claimed that regulatory bodies such as the FDIC and SEC coordinated efforts to suppress banks acting as crypto custodians, using directives 'FIL-16-2022' and 'SAB 121' to curb demand for deposit services. This statement highlights potential regulatory risks in the crypto banking sector that traders should monitor closely.