tldr; The Senate Banking Committee is preparing to mark up its latest crypto market structure bill, with bipartisan negotiations addressing unresolved issues like ethics rules, stablecoin yield, and DeFi provisions. Senators express cautious optimism about reaching consensus. Meanwhile, the Senate Agriculture Committee is also planning a markup, and industry lobbying efforts are intensifying. MSCI decided not to exclude crypto treasury companies from its indexes, providing temporary relief to firms like MicroStrategy. The crypto community views this as a win, though further reviews are expected.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
ytzy on
fuck lumis , she is only for bitcoin and does not care about other crypto because her son and family is deep into bitcoin , she did not even disclosed that she had bitcoin at some point and got into trouble for that
BigvalBROski on
It will get pushed back till 2029…….Where are all the Dogecoin Bro’s?
HSuke on
Take this with a huge grain of salt
Other articles are saying it’s a year away.
Endlesslearner55 on
Pissing there money away on shit coins! Doge is a pile of shit! Bad for the industry, literally 100%
DonkeyAsleep7884 on
Can this pump my bags please?
CryptoUsher on
they’ve been saying this since 2021 lol. remember when everyone thought fit21 was going to pass last year? or the year before that?
at this point i’ll believe it when i see it actually signed. congress has burned through so much political capital on crypto bills that never made it past committee. feels like they’re just stringing the industry along for donations at this point.
that said, if something actually does pass, the clarity would be huge. right now we’re all just guessing what the sec will decide is a security next week.
stressfreepro on
This is genuinely the most promising crypto regulatory news in years. After watching the SEC’s enforcement-first approach wreck innovation for half a decade, having Congress finally move toward clear market structure rules could be transformative.
The key question: will they actually separate securities from commodities clearly, or will we get another vague framework that lets regulators pick winners and losers?
Also worth watching – the Biden administration might veto or water down anything too crypto-friendly, even if it passes Congress. We’ve seen this playbook before with SAB 121.
But credit where it’s due: Lummis has been the most consistent crypto advocate in the Senate. If this actually makes it through, it’ll open the floodgates for institutional capital that’s been sitting on the sidelines.
8 Comments
tldr; The Senate Banking Committee is preparing to mark up its latest crypto market structure bill, with bipartisan negotiations addressing unresolved issues like ethics rules, stablecoin yield, and DeFi provisions. Senators express cautious optimism about reaching consensus. Meanwhile, the Senate Agriculture Committee is also planning a markup, and industry lobbying efforts are intensifying. MSCI decided not to exclude crypto treasury companies from its indexes, providing temporary relief to firms like MicroStrategy. The crypto community views this as a win, though further reviews are expected.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
fuck lumis , she is only for bitcoin and does not care about other crypto because her son and family is deep into bitcoin , she did not even disclosed that she had bitcoin at some point and got into trouble for that
It will get pushed back till 2029…….Where are all the Dogecoin Bro’s?
Take this with a huge grain of salt
Other articles are saying it’s a year away.
Pissing there money away on shit coins! Doge is a pile of shit! Bad for the industry, literally 100%
Can this pump my bags please?
they’ve been saying this since 2021 lol. remember when everyone thought fit21 was going to pass last year? or the year before that?
at this point i’ll believe it when i see it actually signed. congress has burned through so much political capital on crypto bills that never made it past committee. feels like they’re just stringing the industry along for donations at this point.
that said, if something actually does pass, the clarity would be huge. right now we’re all just guessing what the sec will decide is a security next week.
This is genuinely the most promising crypto regulatory news in years. After watching the SEC’s enforcement-first approach wreck innovation for half a decade, having Congress finally move toward clear market structure rules could be transformative.
The key question: will they actually separate securities from commodities clearly, or will we get another vague framework that lets regulators pick winners and losers?
Also worth watching – the Biden administration might veto or water down anything too crypto-friendly, even if it passes Congress. We’ve seen this playbook before with SAB 121.
But credit where it’s due: Lummis has been the most consistent crypto advocate in the Senate. If this actually makes it through, it’ll open the floodgates for institutional capital that’s been sitting on the sidelines.