Here’s what we’re looking for now that Congress is back from the summer erection and we enter the last four months of 2025.
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The story
Welcome to the last four months of 2025. Here’s what we’re looking for in the last third of this year.
Why it matters
Crypto was already getting a greater bill in the year-the-brilliant action that relates to the stablecoins-men bill for larger market structure is still a work-in-progress. Congress is back from the summer erection, but there are other problems it has to deal with, including a financing period at the end of the month.
Breaks down it
In the legislative branch, all eyes are on market structure legislation. While the House of Representatives adopted the Digital Enable Market Clarity Act (Clarity Act) With overwhelming Bipartisan support earlier this year, the Senate has so far gone its own route, where the Senate’s bank committee publishes several drafts that define “supplementary assets” and are working to create guidelines for the wider crypto sector.
While the Bank Committee has announced several drafts – including a late Friday – the Senate Agricultural Committee has not yet gone so far. Any legislation will need support from both committees, given that the Bank Committee oversees Securities and Exchange Commission, and the Agricultural Committee oversees the Commodity Futures Trading Commission.
In addition, this bill needs top species support, considering the threshold of 60 votes, it must go out of the Senate. Bank committee chairman Tim Scott set a deadline of September 30 for passage, but it will be a heavy lift considering the countless other concerns that the Senate has right now.
The federal supervisory authorities are also moving rapidly. On Tuesday, Securities and Exchange Commission and Commodity Futures Trading Commission published a joint statement of mockery of crypto of registered companies and said these companies should ask the regulators for guidance, but some assets were okay to act (Although it did not name these assets).
On Thursday, SEC published a public agenda relating to its short-term priorities with a number of crypto-related actions. SEC aims to suggest a rule of selling crypto assets by April as well as possibly tackling a safe port.
And on Friday, SEC and CFTC announced a joint statement announcing that they would continue to work to “harmonize” their efforts around crypto regulation. To this end, there will be a common round table on September 29.
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