According to Jake Chervinsky, the regulation of Decentralized Finance (DeFi) is a critical point of contention in the ongoing market structure bill discussions. Chervinsky highlights that while the CLARITY Act has passed the House of Representatives, its protections for DeFi developers are considered inadequate. He strongly advocates for a more robust defense of DeFi principles as the bill moves to the Senate, stating that compromising for the sake of passing legislation is not an option. For traders, this legislative battle represents significant regulatory risk and opportunity; the outcome in the Senate could profoundly impact the operational landscape for DeFi protocols and the valuation of their associated tokens.

According to Eleanor Terrett, a procedural vote for significant crypto bills in the U.S. House of Representatives has failed. The failure reportedly stemmed from opposition by a group of GOP Freedom Caucus members who expressed concerns regarding Central Bank Digital Currencies (CBDCs) and felt the proposed legislation was not sufficiently robust. This legislative setback introduces continued regulatory uncertainty for the digital asset market, a key factor for traders assessing risk in the U.S. jurisdiction.

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 path for regulatory clarity in the United States, a key factor for institutional and retail traders. White House crypto adviser Bo Hines endorsed the timeline and urged the House to quickly pass the Senate's GENIUS Act for stablecoins. Concurrently, investor sentiment is improving as the odds of a U.S. recession in 2025 on the crypto prediction platform Polymarket have fallen to 22%, a sharp drop from a high of 66% in April. This reduced economic fear, also supported by Goldman Sachs lowering its recession odds to 30%, may increase risk appetite for assets like cryptocurrencies. Amid these developments, Ethereum (ETH) is trading around the $2,550-$2,560 range.

According to @WhiteHouse, a clearer timeline for U.S. crypto regulation has emerged, potentially boosting market sentiment for assets like Bitcoin (BTC) and Ethereum (ETH). U.S. Senator Tim Scott has set a new deadline of September 30 for passing a comprehensive crypto market structure bill, a timeline he described as a "realistic expectation." This development provides a key date for traders to watch, although potential delays remain as the House of Representatives has not committed to the Senate's pace, particularly on a separate stablecoin bill. Complementing this regulatory news, macroeconomic optimism is growing as the odds of a 2025 U.S. recession on the crypto prediction platform Polymarket have plunged to 22%, the lowest since February and down from a high of 66% in April. This improved economic outlook, driven by easing trade tensions, is historically bullish for risk assets, including the cryptocurrency market.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new target deadline of September 30 for completing a comprehensive crypto market structure bill, a move that could provide significant regulatory clarity for the digital asset space. This timeline was confirmed to a White House crypto adviser, although it faces potential hurdles from disagreements with the House on a separate stablecoin bill and a lack of matching urgency from the Senate Agriculture Committee, as per the source. Simultaneously, the macroeconomic outlook is improving for risk assets like cryptocurrencies, with betting odds on a 2025 U.S. recession plunging to 22% on the prediction market Polymarket, their lowest point since February. This decline in recession fears, down from a high of 66% in April, is attributed to easing trade tensions. In the current market, Ethereum (ETH) is trading around $2,557, down 0.24% over 24 hours, while its ratio against Bitcoin (ETH/BTC) has decreased by 1.14%, indicating slight underperformance against the leading cryptocurrency.

According to @StockMKTNewz, major cryptocurrencies including Bitcoin (BTC), Dogecoin (DOGE), and XRP experienced a rally following comments from U.S. Treasury Secretary Scott Bessent hinting at potential trade deals before the July 9 tariff deadline. The source indicates Bitcoin gained over 1% to trade above $109,000, while XRP and Solana (SOL) rose over 2% and DOGE increased by 3%. In a separate development providing regulatory clarity, U.S. Senator Tim Scott announced a new deadline of September 30 for completing the crypto market structure legislation. The source notes this timeline is later than President Trump's preference but earlier than a previous year-end prediction, signaling a concrete path forward for U.S. crypto regulation despite potential delays from the House regarding a related stablecoin bill.

According to @AltcoinGordon, significant regulatory momentum is building in the U.S. crypto market as a stablecoin bill passed the Senate with bipartisan support. Coinciding with this, Donald Trump's family entity, DT Marks DEFI LLC, reportedly reduced its stake in the parent company of stablecoin issuer World Liberty Financial from 60% to 40%, as per the company's legal disclosures. This legislative progress is seen as a major catalyst for mainstream adoption, with reports from the Wall Street Journal indicating that major retailers like Amazon and Walmart are considering their own stablecoins. Further institutional interest is shown by Societe Generale launching a stablecoin on Ethereum (ETH) and Solana (SOL), and Ant Group applying for stablecoin licenses in Asia. The positive sentiment is reflected in the market, with Bitcoin (BTC) trading near $107,655, while Ethereum (ETH) is priced around $2,449 and Solana (SOL) at approximately $149. Investor Paul Tudor Jones also reiterated his belief that Bitcoin should be a part of every investor's portfolio.

According to the source, U.S. Senator Tim Scott, chairman of the Senate Banking Committee, has announced a new target deadline of September 30 for completing the crypto market structure legislation. This timeline was confirmed to White House crypto adviser Bo Hines and is seen as a realistic expectation, with Senator Cynthia Lummis concurring. However, potential delays may arise from the need to reconcile the Senate's GENIUS Act for stablecoins with the House's own version. This legislative push occurs as the crypto market shows mixed signals, with Bitcoin (BTC) trading at approximately $107,336 and Ethereum (ETH) at $2,488, both experiencing slight 24-hour declines. The move towards regulation also comes amid an industry debate highlighted by figures like @AltcoinGordon, who argues that the increasing political engagement and lobbying by major firms like Coinbase and Ripple risk diluting crypto's foundational cypherpunk values of decentralization and challenging established power structures.

According to Fox News, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure legislation, providing a clearer timeline for traders and investors. This target is later than President Trump's desired August timeline but sooner than Senator Cynthia Lummis's previous end-of-year prediction. Scott also emphasized that the House should quickly approve the Senate-passed stablecoin bill, the GENIUS Act, a sentiment echoed by White House crypto adviser Bo Hines. Despite this progress, hurdles remain, including the need for coordination with the House and the Senate Agriculture Committee. The development provides a significant boost for regulatory clarity in the US, potentially impacting market sentiment. Based on current data, Bitcoin (BTC) is trading around $108,637.99, up 1.2%, and Ethereum (ETH) is at $2,503.84, up over 3%, suggesting a positive market reaction to the legislative progress.

According to Nikhilesh De, President Trump called for the House of Representatives to swiftly pass the Senate-approved stablecoin oversight bill, known as the GENIUS Act, without amendments or delays, as reported in his Truth Social post. However, Representative French Hill, chairman of the House Financial Services Committee, indicated that ongoing discussions with colleagues and leadership are needed to resolve differences between the GENIUS Act and the House's STABLE Act, including issues like extraterritorial enforcement and agency roles, which could delay implementation and create uncertainty for stablecoin markets.