According to @FoxNews, U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, has set a new deadline of September 30 for completing the crypto market structure legislation. This timeline was reportedly endorsed by a White House crypto adviser but faces potential delays from the House of Representatives due to disagreements over a separate stablecoin bill. In a significant development for traders and investors, a separate effort by Senator Cynthia Lummis to include a crypto tax provision in a major budget bill has failed. The proposed amendment, which would have waived capital gains taxes on small-scale crypto transactions, was not included in the bill passed by the Senate. This setback means that any crypto tax reforms must now be pursued through standalone legislation, leaving the current tax rules in place for the foreseeable future. The provided market data shows ETH trading at $2600.18, a 24-hour increase of 6.22%, indicating market resilience amidst the legislative uncertainty.

According to Eleanor Terrett, a group of top U.S. Republican senators, including Tim Scott and Cynthia Lummis, has introduced a new framework of principles for regulating domestic crypto markets. The proposal aims to establish clear distinctions between digital securities and commodities, create a shared regulatory structure to prevent a single dominant watchdog, and implement 'pro-innovation' anti-money laundering protections. For traders, this legislative push, following the Senate's recent passage of a stablecoin bill, signals a significant move toward reducing the regulatory uncertainty that has hampered the U.S. crypto industry. As stated in the report, establishing a clear framework would provide much-needed guidance for exchanges and token issuers on compliance and could attract more institutional capital by defining the roles of regulators like the SEC and CFTC, a step Senator Lummis noted is crucial as the U.S. lags behind regions like the EU and Singapore.

According to @iampaulgrewal, the United States is making significant bipartisan progress toward establishing a clear federal regulatory framework for digital assets, a move that could significantly impact the market. Key legislative milestones include the House passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act, which aims to clarify the jurisdictional boundaries between the SEC and CFTC. Further momentum was achieved with the advancement of the CLARITY Act and the STABLE Act, which together form a comprehensive framework for classifying digital assets and regulating payment stablecoins. These developments aim to replace the SEC's 'regulation by enforcement' approach with clear rules, fostering innovation and protecting investors. This positive regulatory momentum coincides with upward market movement, as Bitcoin (BTC) has risen 2.29% and Solana (SOL) has gained 4.30% in the last 24 hours, suggesting that traders may view increasing regulatory clarity as a bullish catalyst.

According to @moonshot, Bitcoin (BTC) has rebounded strongly, trading around $109,500, its highest price since June 11, after a brief dip below $106,000. This 3.5% surge in 24 hours is attributed to positive sentiment from a new U.S.-Vietnam trade deal and the successful launch of the REX-Osprey Solana + Staking ETF (SSK), which saw strong initial trading volume of $20 million, as noted by Bloomberg analyst Eric Balchunas. Looking ahead, K33 Research analyst Vetle Lunde anticipates a potentially volatile July for BTC, driven by several U.S. policy events, including an expansionary budget bill, a July 9 tariff deadline, and a July 22 deadline for a crypto executive order. However, Lunde notes that crypto market leverage remains contained, favoring spot exposure. Further supporting a constructive outlook, a Coinbase Research report highlights improving U.S. economic growth, potential Federal Reserve rate cuts, and increasing regulatory clarity with bills like the GENIUS Act and CLARITY Act as key tailwinds for the second half of the year. Current market data shows BTCUSDT trading at $109,148.51.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure legislation, a timeline he described as a "realistic expectation." This development provides a clearer, though still challenging, path for U.S. crypto regulation, which is a key factor for traders monitoring market stability. The source notes this deadline is later than President Donald Trump's preference but earlier than previous year-end predictions. Concurrently, President Trump reiterated his pro-crypto stance at a Coinbase summit, stating his administration will work toward "clear and simple market frameworks" and support the Senate-passed GENIUS Act for stablecoins. However, potential delays loom as the House of Representatives has shown hesitation in quickly adopting the Senate's stablecoin bill, with Representative French Hill suggesting issues still need to be resolved between the chambers' respective versions.

According to @WhiteHouse, U.S. Senator Tim Scott has established a new deadline of September 30 for completing the crypto market structure legislation, providing a clearer timeline for regulatory clarity in the United States. The source states that while this is a firm commitment, potential delays could arise from the House of Representatives, which has its own stablecoin legislation and has not committed to passing the Senate's GENIUS Act quickly. Meanwhile, President Donald Trump, in a recorded message at a Coinbase summit, reiterated his administration's commitment to creating 'clear and simple market frameworks' for crypto and Bitcoin (BTC). These parallel developments introduce both positive catalysts, such as a set deadline and presidential support, and uncertainty from potential legislative friction, which could influence volatility for digital assets like Bitcoin (BTC) and Ethereum (ETH) as traders watch for progress.

According to @StockMKTNewz, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure bill, providing a clearer timeline for regulatory clarity. Despite this legislative development, the cryptocurrency market experienced a broad selloff, with Bitcoin (BTC) falling over 2.5% to trade below $106,000. The source reports that altcoins faced steeper declines, with Ether (ETH), Solana (SOL), and XRP dropping between 5% and 7%. This market downturn is attributed to wider risk-off sentiment fueled by President Trump's warnings of new tariffs and potential geopolitical conflict, according to the report. Weaker economic data, including a softer Producer Price Index and high initial jobless claims, also adds complexity for traders evaluating the Federal Reserve's next move.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new deadline of September 30 for passing a comprehensive crypto market structure bill, a timeline that provides traders with more clarity on the future of digital asset regulation. This development comes as the Senate passed a major budget bill without including a crypto tax provision championed by Senator Cynthia Lummis, which aimed to waive capital gains taxes on small-scale crypto transactions. The failure of this tax amendment is a setback for crypto holders seeking tax relief. While the new legislative deadline offers a clearer path forward, potential delays remain due to disagreements between the House and Senate on stablecoin legislation and the required involvement of the Senate Agriculture Committee. Amid this regulatory news, the Ethereum (ETH) market has shown weakness, with the ETH/USDT pair dropping approximately 3.65% to $2,419.75, according to the provided data.

According to Eleanor Terrett, U.S. Senator Cynthia Lummis is pushing to include a significant crypto tax amendment in a major budget bill. The proposed measure would waive U.S. taxes on crypto transactions under $300, with a yearly cap of $5,000 in total transactions, potentially lowering the barrier to entry for new users. For traders and network participants, the amendment seeks to fundamentally change how rewards from staking, mining, airdrops, and forks are taxed. Citing support from the Digital Chamber lobbying group, the proposal would shift the taxable event from the moment of acquisition to the point of sale, aligning the policy with when income is actually realized. Additionally, the amendment aims to close the wash-sale loophole, which would eliminate the tax-loss harvesting strategy currently used by many crypto investors.

According to @KobeissiLetter, U.S. Senator Cynthia Lummis is pushing a significant crypto tax amendment within a major budget bill that could dramatically impact traders and stakers. The proposal aims to waive taxes on crypto transactions under $300 and, crucially, change the tax treatment for staking and mining rewards, so they are only taxed upon sale rather than acquisition. This change, supported by industry groups like the Digital Chamber, would align the tax policy with actual income realization and could lower the barrier to entry for new users. The amendment also seeks to close the wash-trading loophole for crypto assets. Concurrently, progress on a U.S. stablecoin bill faces potential delays. While President Trump has urged the House to quickly pass the Senate-approved GENIUS Act without changes, Representative French Hill indicated that key differences with the House's STABLE Act still require negotiation. Amid these legislative developments, the crypto market shows a slight downturn, with Ethereum (ETH) trading around $2,442, Solana (SOL) near $148, and Cardano (ADA) at approximately $0.55, all reflecting minor 24-hour losses.

According to @KobeissiLetter, U.S. Senator Cynthia Lummis is pushing a significant cryptocurrency tax amendment that could dramatically alter how digital assets are treated for tax purposes. The proposed measure seeks to waive taxes on small crypto transactions below $300 and, crucially, would change the tax liability for staking, mining, airdrop, and fork rewards to be levied only upon sale, not acquisition, as cited in the report. This addresses a major point of friction for the industry, which argues the current system amounts to double taxation. The amendment also aims to close the wash-trading loophole. Concurrently, President Donald Trump is urging the House to quickly pass the Senate's stablecoin bill (GENIUS Act) without changes. However, Representative French Hill has indicated that key differences between the House and Senate versions on issues like extraterritoriality and agency oversight still require discussion. This legislative push comes as major cryptocurrencies show negative 24-hour performance amidst regulatory uncertainty; Ethereum (ETH) is trading around $2,442.57, Cardano (ADA) at $0.5503, and Solana (SOL) at $147.64, according to provided market data.

According to @AltcoinGordon, prominent financial advisor Ric Edelman is now advocating for up to a 40% portfolio allocation to cryptocurrency, a significant increase from his previous recommendations, citing resolved regulatory uncertainty and growing political support. This bullish sentiment is mirrored by major market developments, including reports that Amazon and Walmart are considering their own stablecoins to reduce transaction fees, and European bank Societe Generale launching its own stablecoin on Ethereum (ETH) and Solana (SOL). For traders, positive legislative momentum in the U.S. with the GENIUS Act and CLARITY bill provides crucial regulatory clarity, potentially reducing risk and encouraging institutional investment. This is further evidenced by the announcement of a new $750 million Bitcoin (BTC) accumulation fund. Market data shows BTC trading above $106,000, and while many pairs like ETHUSDT and SOLUSDT show slight 24-hour dips, altcoins such as Avalanche (AVAX) are showing strength against BTC.

According to @FoxNews, U.S. Senator Cynthia Lummis is pushing for a significant cryptocurrency tax amendment in a major budget bill that could dramatically alter the landscape for traders and investors. The proposal aims to tax staking and mining rewards only when the assets are sold, not upon acquisition, which could significantly increase the appeal of staking assets like Ethereum (ETH), Cardano (ADA), and Solana (SOL) by deferring tax liabilities. Furthermore, the amendment seeks to create a tax waiver for crypto transactions under $300, with a $5,000 annual cap, potentially lowering the barrier for retail adoption and increasing micro-transaction volume. However, the legislation also intends to close the wash-sale loophole, which would eliminate a popular tax-loss harvesting strategy used by many crypto traders. This legislative effort faces political headwinds, as Senator Adam Schiff has introduced a separate bill, the COIN Act, to prohibit officials like President Trump from engaging in crypto ventures, creating uncertainty for broader market regulation. These developments come as the market shows signs of weakness, with ETH, ADA, and SOL all posting 24-hour losses against the US dollar.

According to @WhiteHouse, the United States is making significant strides toward establishing a comprehensive regulatory framework for digital assets, which could impact trading conditions for cryptocurrencies like Bitcoin (BTC) and Solana (SOL). Several key pieces of bipartisan legislation are advancing through Congress, including the FIT21 Act, the STABLE Act, the CLARITY Act, and the GENIUS Act. These bills aim to provide much-needed legal clarity by defining the jurisdictions of the SEC and CFTC, establishing rules for stablecoins, and creating a functional framework for classifying digital assets, according to the source. The legislation is designed to foster innovation, protect consumers, and solidify U.S. leadership in the blockchain sector. Specific proposals also target clarifying Bitcoin's legal status and addressing tax issues to encourage its use for everyday transactions. Despite this positive legislative momentum, the market shows a slight short-term consolidation, with Bitcoin (BTC) trading around $106,495 and Solana (SOL) near $148.29, both experiencing a modest decline of just over 1% in the last 24 hours.

According to the White House, the United States is advancing towards comprehensive digital asset regulation, a move with significant implications for cryptocurrencies like Ethereum (ETH). U.S. Senator Tim Scott, chairman of the Senate Banking Committee, has set a new deadline of September 30 to finalize a crypto market structure bill, as stated at a press event. This legislative push, building on the House-passed FIT21 Act, aims to clarify the jurisdictional boundaries between the SEC and CFTC, potentially reducing the regulatory uncertainty that has hampered the industry. While the White House is pushing for the House to quickly pass the Senate's GENIUS Act for stablecoins, potential disagreements between the legislative chambers and the need for the Senate Agriculture Committee's input could present hurdles. For traders, this accelerated timeline towards regulatory clarity could signal a more stable and predictable investment environment for digital assets in the near future.

According to @GOPMajorityWhip, U.S. Senator Cynthia Lummis is advancing a significant amendment to reform cryptocurrency taxation. The proposal seeks to waive capital gains taxes on crypto transactions under $300, with an annual cap of $5,000, to encourage wider adoption by simplifying tax reporting for small-scale users. A key change for traders and investors involves altering the tax treatment of staking and mining rewards. The amendment proposes that rewards from staking, mining, airdrops, and forks be taxed only when the assets are sold, not upon acquisition as under current rules. This would end the current 'double taxation' structure, aligning tax policy with actual income realization. The legislation also aims to address the wash sale loophole for digital assets and clarify rules for charitable contributions. This effort is part of a broader push to establish clear regulatory frameworks for the digital asset industry, including the GENIUS Act for stablecoins and the BITCOIN Act, to ensure the U.S. remains a leader in financial innovation.

According to @EleanorTerrett, U.S. Senator Cynthia Lummis is targeting the end of this calendar year for the finalization of comprehensive cryptocurrency legislation. Lummis acknowledged the difficulty in securing bipartisan support, which is critical for the bill's passage in the Senate. Concurrently, the Senator is pushing for a significant amendment to a major budget bill that would introduce favorable tax changes for the crypto industry. Key proposals include waiving capital gains tax on crypto transactions under $300 and, crucially, changing the tax code to only tax rewards from staking and mining when the assets are sold, not when they are acquired. The Digital Chamber of Commerce supports this change, arguing it aligns tax policy with actual income generation for activities central to networks like Ethereum (ETH) and Bitcoin (BTC). These proposed regulatory and tax frameworks could significantly influence crypto market dynamics and investor profitability, arriving as the market sees mixed signals with Bitcoin (BTC) trading around $107,437 and Ethereum (ETH) near $2,493.

According to @PelosiTracker_, U.S. Senator Adam Schiff, despite being considered a crypto ally with an 'A' grade from advocacy group Stand With Crypto, has introduced the COIN Act to prohibit government officials like Donald Trump from issuing or sponsoring digital assets. The source states this move, supported by other Democrats, creates significant regulatory uncertainty for the crypto market as it clashes with the industry's push for clearer legislation. In a parallel development, the report highlights that the crypto industry's Fairshake PAC continues its aggressive political spending, recently directing $1 million to support a candidate in a Virginia special election and holding approximately $116 million for future races. This complex political landscape unfolds as the crypto market shows mixed signals; according to the provided data, Solana (SOL) is trading at $153.94, up 1.077%, and Ripple (XRP) is at $2.2383, up 1.639%, while Ethereum (ETH) is down 0.779% to $2488.87 and Cardano (ADA) has seen a slight dip of 0.278% to $0.5731, indicating trader sensitivity to regulatory news.

According to @EleanorTerrett, the U.S. crypto market faces two pivotal legislative developments with significant trading implications. Senator Cynthia Lummis is pushing a major amendment to a budget bill that could dramatically benefit crypto holders and traders by waiving taxes on transactions under $300 and, crucially, changing the tax rules for staking and mining rewards to be taxed only upon sale, not acquisition. This could boost the profitability of staking assets like Ethereum (ETH) and increase retail adoption. The source indicates this amendment also aims to address wash trading rules and crypto lending taxes. Concurrently, Senator Adam Schiff, despite being a crypto ally, has introduced the COIN Act to prohibit officials like Donald Trump from issuing digital assets, reflecting Democratic concerns over potential conflicts of interest. This introduces political uncertainty that could complicate the path for broader crypto market structure bills. While the market shows consolidation, with ETH trading around $2,490 and SOL at $155, the outcomes of these legislative efforts represent major potential catalysts.

According to @WhiteHouse, the United States is making significant bipartisan progress toward establishing a comprehensive regulatory framework for digital assets, which could provide much-needed clarity for traders and investors. The passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act in the House, with support from 71 Democrats, aims to clarify the jurisdictional boundaries between the SEC and CFTC, ending a period of regulation-by-enforcement that has pushed innovation offshore. Further legislative efforts include the CLARITY Act, STABLE Act, and GENIUS Act, which collectively seek to establish rules for stablecoins, define digital assets as securities or commodities, and enhance consumer protection. This push for regulatory clarity is seen as critical for the U.S. to maintain leadership in blockchain technology. From a trading perspective, this legislative momentum could serve as a long-term bullish catalyst. Currently, the market shows mixed signals, with Solana (SOL) up 3.33% to $156.56, while Bitcoin (BTC) remains relatively stable at $107,479.50, showing a minor 24-hour decrease of 0.049%.