According to the source, the U.S. Senate approved Mike Selig to lead the CFTC and Travis Hill to run the FDIC in a package of confirmations on Dec 19, 2025, with both roles having major potential reach into crypto markets. source: social media post dated 2025-12-19 The CFTC oversees U.S. crypto derivatives like BTC and ETH futures, so leadership changes can affect margin rules, market integrity priorities, and enforcement direction that influence liquidity and basis. source: CFTC mission and jurisdiction The FDIC supervises insured banks, meaning its chair can shape policy on crypto custody, stablecoin-related payment rails, and bank partnerships with digital-asset firms that impact fiat on/off-ramps. source: FDIC supervisory mandate Traders should monitor CME BTC and ETH futures open interest and basis, funding rates, and initial policy statements from the CFTC and FDIC for signals on enforcement tone and bank exposure to digital assets. source: CME market data conventions and agency policy communications

According to the source, a U.S. teachers union has urged the Senate to scrap a crypto market structure bill, signaling stakeholder opposition that could slow near-term legislative progress (source: user-provided source referencing a union communication to the U.S. Senate). For traders, a delay would preserve regulatory fragmentation cited as a risk and a barrier to comprehensive oversight in the Financial Stability Oversight Council’s Digital Assets Report 2022 (source: U.S. Treasury FSOC 2022 Digital Assets Report). Monitor the U.S. Senate legislative calendar and relevant committee notices for markups or hearings that could revive or shelve the measure (source: U.S. Senate public calendar and Senate committee websites). Headline risk is likely to concentrate in assets sensitive to securities-versus-commodity treatment, notably ETH and major Layer-1s, around any Senate scheduling updates, without implying direction (source: Congressional materials on market structure efforts including FIT21 summaries from 2024).

According to the source, Coinbase CEO Brian Armstrong said momentum for U.S. crypto market structure legislation is at an all-time high. Armstrong said he sat down with Senate Democrats and Republicans who want to pass the legislation and stated, "we're 90% there." Armstrong’s remarks indicate advanced bipartisan talks on market-structure rules that traders monitor for headline risk timing, based on his statement.

According to the source, on Sep 29, 2025, Coinbase (COIN) CEO Brian Armstrong stated he has "never been more bullish about clear rules for crypto" in the United States. According to the source, Armstrong said banks want to ban rewards to maintain their monopoly and emphasized that "bailing out the big banks at the expense of the American consumer is not ok," adding that his team is ensuring the U.S. Senate is aware of this position. According to the source, the immediate trading watch is the U.S. Senate outreach on rewards policy and crypto rulemaking referenced by Armstrong, which frames upcoming regulatory headlines as a key focus for market participants.

According to @iampaulgrewal, crypto rewards are under attack, the CLARITY Act was a step toward securing digital ownership, and the Senate should act now to protect rewards and set a complete crypto market structure. Source: @iampaulgrewal on X, Sep 10, 2025. For traders, this post highlights an immediate U.S. policy catalyst to watch, as legislative action on rewards and market structure can directly influence product availability and yield strategies across the crypto market. Source: @iampaulgrewal on X, Sep 10, 2025. Monitor Senate agendas, committee updates, and any movement tied to the CLARITY Act for timing signals that could shape trading conditions for U.S.-exposed crypto platforms and assets. Source: @iampaulgrewal on X, Sep 10, 2025.

According to Crypto Rover, the U.S. Senate has moved the resolution to repeal the IRS crypto broker rule to the floor debate before a final vote. This development is considered a significant victory for the crypto market as it could reduce regulatory burdens on crypto brokers and potentially influence trading activities positively. Market participants should watch for the final vote outcome as it might impact market trends and regulatory landscapes.