According to the source, U.S. Senator Cory Booker said the odds of passing a U.S. crypto bill are low unless Democrats are appointed as commissioners at the CFTC and SEC. Source: public comments attributed to Sen. Cory Booker circulated on X on Dec 9, 2025. CFTC and SEC decisions are made by majority vote of their commissioners, so party composition directly shapes rulemaking calendars and enforcement priorities that affect digital asset oversight. Source: U.S. Securities and Exchange Commission, Commissioners page; U.S. Commodity Futures Trading Commission, About the Commission. Prolonged vacancies or delayed confirmations would slow the translation of any congressional crypto framework into detailed agency rules, sustaining regulatory uncertainty that matters for market structure and stablecoin oversight. Source: Congressional Research Service, Cryptocurrency: Selected Policy Issues (2023). Institutional investors frequently cite U.S. regulatory uncertainty as a top barrier to allocating to digital assets, which can cap spot demand for BTC and ETH until clearer rules emerge. Source: Fidelity Digital Assets, 2023 Institutional Investor Digital Assets Study. Traders should monitor Senate confirmation schedules for SEC and CFTC nominees and related committee hearings as milestones that typically precede policy changes impacting listings, custody, and market access conditions in the U.S. Source: U.S. Senate, nominations and confirmation process overview; SEC rulemaking process resources.