According to @Matt_Hougan, US lawmakers are negotiating a crypto market-structure bill, with Democrats indicating they have accepted significant portions of @BankingGOP’s RFIA text while rejecting parts of the GOP’s December 4 offer (source: Matt Hougan on X, Dec 11, 2025). Citing a three-page Democratic counteroffer, journalist Eleanor Terrett reports the asks focus on token classification, illicit finance, ethics, and the GENIUS Act’s stablecoin-yield restrictions (source: Eleanor Terrett on X, Dec 11, 2025). @Matt_Hougan highlights that some policymakers justify yield limits as protecting banks, which would prevent ordinary users from earning interest via stablecoin products (source: Matt Hougan on X, Dec 11, 2025). These negotiation points are directly trading-relevant because they target yield-bearing stablecoin products and token-classification standards that shape exchange compliance and market structure in the US (source: Eleanor Terrett on X, Dec 11, 2025).

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, Sen. Cory Booker privately voiced deep concern at Day 2 of the Blockchain Association event about an issue that could derail the U.S. crypto market structure bill. Source: public X post dated Dec 9, 2025 describing Booker's comments at the Blockchain Association event. This signals heightened legislative uncertainty for the bill’s path, with potential delays or alterations that matter for exchange oversight and token listing standards in the U.S. market. Source: Congressional Research Service, Introduction to the Legislative Process in the U.S. Congress, outlining how unresolved objections can stall or change legislation. Traders should monitor the U.S. Senate legislative calendar and relevant committee updates for any markup, amendment, or scheduling changes that could affect regulatory timelines for digital asset market structure. Source: U.S. Senate Legislative Calendar and committee jurisdiction pages.

According to the source, U.S. Senator Cynthia Lummis said the Crypto Market Structure Bill could pass within two weeks and called the moment "prime time" (source: public social media post on Dec 9, 2025 quoting Sen. Lummis). The post did not provide a bill number, vote calendar, or chamber scheduling details, so the two-week timeline remains a single-source statement pending official confirmation (source: the same public post). For traders, the stated two-week window establishes a defined policy-headline catalyst, concentrating headline risk for BTC and ETH around any procedural or floor action tied to U.S. crypto market structure legislation (source: the same public post setting the timeline).

According to @EleanorTerrett, Sen. Mark Warner said at MoonPay’s New York office that completing a crypto market structure markup before the Christmas break is very hard because the Senate is still waiting on White House language for two sections, ethics and quorum, which remain unresolved and are gating near-term progress for the bill, source: @EleanorTerrett, Dec 8, 2025. According to @EleanorTerrett, Warner added that Republicans will have to decide whether this is a White House bill or a congressional call, underscoring internal process uncertainty that could delay a December committee action, source: @EleanorTerrett, Dec 8, 2025. According to @EleanorTerrett, Warner also said bipartisan staff are meeting daily for hours and that a bill will get done but must be correct, signaling reduced odds of a December markup and sustained focus on ethics and quorum language as the immediate catalysts traders should watch for headline risk, source: @EleanorTerrett, Dec 8, 2025.

According to @EleanorTerrett, Senator Tim Scott told attendees at a crypto-themed Christmas event on Tuesday that he floated two potential dates for when the Senate Banking GOP may hold a markup of its crypto market structure text and shared where Republicans stand on vote counts (source: @EleanorTerrett on X, Dec 3, 2025). According to @EleanorTerrett, these details were highlighted in the same day’s CryptoAmerica newsletter via the link she provided (source: @EleanorTerrett on X, Dec 3, 2025). Based on @EleanorTerrett’s report of imminent markup windows, event-driven crypto traders can track the Senate Banking GOP schedule to manage regulatory headline risk around those dates (source: @EleanorTerrett on X, Dec 3, 2025).

According to @iampaulgrewal, he joined the FBI’s Domestic Security Alliance Council to discuss how blockchain analytics supports crime-fighting, underscoring law-enforcement use of blockchain data (source: @iampaulgrewal). He said the Senate Agriculture Committee advanced Mike Selig’s nomination to lead the CFTC, marking progress in regulatory leadership for U.S. markets (source: @iampaulgrewal). He also met with lawmakers who are moving quickly to advance market structure legislation and get a bill to the President’s desk, indicating active legislative momentum on crypto market structure (source: @iampaulgrewal). For trading relevance, monitor the CFTC confirmation timeline and any market structure bill developments referenced in his update, as these policy steps frame the regulatory path for U.S. crypto venues and derivatives (source: @iampaulgrewal).

According to @EleanorTerrett, the U.S. Senate faces a year-end crunch to consider crypto market structure legislation, with Cody Carbone stating, “We’re running out of time, not just in the calendar year, but in this Congress” (source: @EleanorTerrett on X; Crypto In America). The post highlights that Washington developments this week are a key focus for tracking the bill’s path, signaling potential policy headlines to monitor for market impact (source: Crypto In America via @EleanorTerrett). Traders should watch for any Senate scheduling updates or movement flagged in the post that could act as near-term catalysts for crypto market sentiment (source: Crypto In America via @EleanorTerrett).

According to the source, the US Senate Committee on Agriculture, Nutrition, and Forestry released a draft bill on crypto market structure on Nov 10, 2025. Source: the source. The committee has jurisdiction over the Commodity Futures Trading Commission, which regulates U.S. derivatives markets including crypto futures, making this draft directly relevant to market structure oversight and exchange compliance. Source: U.S. Senate Committee on Agriculture, Nutrition, and Forestry; Commodity Futures Trading Commission.

According to the report, Senator Tim Scott, chairman of the Senate Banking Committee, stated that legislation establishing rules for U.S. crypto markets will be finalized by September 30, potentially reducing regulatory uncertainty and stabilizing crypto prices for traders. Scott emphasized the need for the House to quickly approve the Senate-passed stablecoin bill (GENIUS Act), as this could expedite market clarity. However, challenges from the House and Senate Agriculture Committee may cause delays, as noted by Representative French Hill and Senator Cynthia Lummis, which could lead to short-term volatility in crypto markets.

According to Eleanor Terrett, the Senate Banking Committee is actively developing principles for its own version of a crypto market structure bill, which is set to be the primary topic at next week's subcommittee hearing chaired by Senator Cynthia Lummis. Senator Tim Scott indicated that a full committee hearing could take place soon, signaling potential acceleration in U.S. crypto regulation. Traders should monitor developments, as new regulatory frameworks could affect trading volumes, compliance costs, and volatility for major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Source: Eleanor Terrett on Twitter (@EleanorTerrett).

According to @iampaulgrewal, the US House Agriculture Committee, led by @RepAngieCraig and @CongressmanGT, voted in favor of a crypto market structure bill focused on clear regulatory rules, consumer protections, and fostering innovation (source: Twitter/@iampaulgrewal, June 10, 2025). This legislative progress brings the bill closer to becoming law, a move expected to directly impact trading by providing greater legal clarity and confidence for institutional and retail crypto market participants. Traders should closely watch upcoming legislative developments, as passage of this bill could unlock increased trading volumes and attract new capital to the US crypto markets.

According to Eleanor Terrett on Twitter, Senator Jim Justice emphasized that the crypto market structure bill is 'terribly, terribly important' for enabling West Virginia residents, such as Toby and Edith, to access digital asset markets. He solicited feedback from Quintenz, who noted that he consistently regards market structure legislation as crucial for establishing clear frameworks and protections in crypto trading. This legislative push signals growing bipartisan recognition of the need for regulatory clarity, which could drive increased institutional and retail participation in the U.S. crypto sector. Traders should monitor the bill’s progress, as a regulated environment may boost market liquidity and investor confidence, potentially impacting Bitcoin, Ethereum, and altcoin prices. (Source: Eleanor Terrett, Twitter, June 10, 2025)

According to @EleanorTerrett, the US House Financial Services Committee (@FinancialCmte) has officially scheduled a markup session for the CLARITY Act, a significant crypto market structure bill, on June 10 at 10:00 AM EST (source: @EleanorTerrett, Twitter, June 5, 2025). This legislative action is a crucial step towards regulatory clarity for digital assets, and traders should closely monitor the session, as decisions made could impact crypto market sentiment and price volatility, particularly for major cryptocurrencies like Bitcoin and Ethereum.

According to Jake Chervinsky, Vivek Ventures testified in Congress on behalf of Etherealize_io regarding the crypto market structure bill, marking the first time Ethereum ecosystem representatives officially participated in federal legislative discussions. This development addresses previous concerns about Ethereum's absence from high-level policy talks and may positively impact Ethereum's regulatory clarity and market sentiment. Traders should monitor potential shifts in Ethereum price volatility and increased institutional interest as policy discussions now include direct Ethereum input (source: Jake Chervinsky on Twitter, June 4, 2025).

According to Eleanor Terrett, Rep. French Hill has officially scheduled June 10 as the markup date for the House’s crypto market structure bill, signaling a major step in US regulatory clarity for digital assets (source: Eleanor Terrett, Twitter, May 22, 2025). Traders should monitor this legislative milestone, as regulatory developments could directly impact market volatility, liquidity, and institutional participation in cryptocurrencies. A clear regulatory framework may encourage increased trading volumes and potentially influence short-term price action across major digital assets.

According to @CryptoAmerica_, former Financial Services Committee Chair Patrick McHenry announced that additional Democratic members are collaborating on the upcoming crypto market structure bill, with further details expected in the coming weeks (source: @CryptoAmerica_ on Twitter, May 17, 2025). This development signals growing bipartisan momentum for regulatory clarity, which is critical for institutional investors and could reduce market uncertainty, potentially impacting crypto asset volatility and trading volumes.

According to @CryptoAmerica_, the anticipated discussion draft of the updated US crypto market structure bill is expected to be released this week, following a conversation with Representative French Hill and ahead of the joint Financial Services Committee and House Agriculture Committee hearing. This regulatory development may impact trading strategies as it could clarify legal frameworks around digital assets, potentially increasing institutional participation and market stability (source: @CryptoAmerica_, Twitter). Traders should closely monitor the bill's release for actionable regulatory signals and potential volatility in major cryptocurrencies.

According to Eleanor Terrett, Financial Services Committee Chairman Rep. French Hill discussed whether stablecoin regulation and broader crypto market structure should be combined into one legislative package or addressed separately in the latest Crypto America episode. Hill indicated that industry stakeholders are pushing for clarity and regulatory certainty, which could directly impact the trading environment for stablecoins and related assets if legislative progress is made. Traders should monitor Congressional developments closely, as the outcome may influence stablecoin liquidity and overall crypto market volatility. Source: Eleanor Terrett via Twitter, April 30, 2025.