House Financial Services Committee may mark market structure law next week, while the Senate seems close to adopting its stablecoin bill proposal.

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The story

Here’s what’s clear: There are bills and they probably get votes next week. Here’s what’s unclear: what all legislators may need to get enough votes to actually promote these bills and if they’re already there or not.

Why it matters

For years, the Crypto industry has been waiting for Congress to adopt legislation, giving it a kind of legislative clarity. The congress has already taken a number of key steps this year, but next week may see a lot of these steps.

Breaks down it

Logistical details first. There will be markings in the House Financial Services Committee and House Agriculture Committee on the Market Structure Bill, Digital Asset Market Clarity Act (otherwise known as just the Law Act) on Tuesday. This marking is likely to end with legislators voting to promote the bill to the wider representative house (it is possible that the vote fails, but it seems unlikely).

On the Senate side, legislators may hold a number of votes on Monday on the guidance and establishment of national innovation for US StableCecoins in the 2025 law (also known as genius) to promote it. Senator Ruben Gallego, the Arizona Democrat, who led a break in the bill’s progress, said in an interview on Thursday that he expects a massive top voice in favor of the legislation. It needs 60 votes to clear coagulation (this is another coagulation reconciliation) and a simple majority afterwards to pass the Senate completely. Then it is on to the house.

“We have worked in a very honest, serious way with our Republican colleagues. We think they have done the same too,” he said. “They adopted a lot of the changes, most of the changes we have added, and they have continued to work with some other Democrats who have some other concerns, but we believe that if all changes are made, it will be a very solid, comprehensive bill that I think we could all be proud to vote for.”

In other words, by the end of next week, it is possible that the House of Representatives will both have a market structure bill to consider, change and vote on and a stablecoin (House Financial Services Committee version of Genius, The Stable Act, already adopted from this committee a while ago).

Whether both bills will come to US President Donald Trump’s desk at the recess in August is an open question. Washington politicians, DC this week, was skeptical that both bills would be adopted by this deadline, although stablecoin legislation is likely to clear the house and the Senate before then.

One theory that flies around is that the genius action in the Senate can be labeled on the house’s clarity law, let the house vote on both its market structure bill and stablecoin bill at once and send both back to the Senate. To be clear, this is not a fixed plan, just something different individuals have hinted is an option. However, I have heard that there is likely to be pushback from both house and senate lawmakers if this path is pursued.

The other, more likely option seems to be that the market structure legislation will just take longer – perhaps through the end of the year.

This despite the continuous concern of the Democrats that Trump is enriching through his various crypto -ventures. Just this week, Trump’s media company, Truth Social, filed a spot of Bitcoin Exchange-Traded Fund (ETF) with Yorkville America and Nyse Arca. Assuming this product is approved, it opens up another option for a Trump-affected device to take advantage of the interest in the industry.

Further reading from this week:

Trump’s crypto tape at the forefront as US lawmakers weigh crypto -market structure bill

Senat’s stableecoin -Bill proposal that is likely to win massive bipartisan support says them Lawmaker

House Dems gets bonus hearing about crypto -market structure, attack Trump -Conflict

• CIRCLE SECTIES Waves on sneezing -debut that signalize strong appetite on stablecoin issuers: Circle became public, with shares that originally traded for $ 69 but rolling at $ 100 after originally priced at $ 31. Shares closed to $ 83 on Thursday.
• Trump’s truth social takes the next step in the launch of Spot Bitcoin Etf: NYSE ARCA and YORKVILLE AMERICA Digital in partnership with Trump Media filed a spot Bitcoin exchange traded fund called The Truth Social Bitcoin Etf, with Crypto.com’s foris Dax Trust Company as a custodian. Both 19B-4 and S-1 documents have been submitted, which means, as soon as Securities and Exchange Commission recognizes the archives, the 240-day watch is on.
• Trump’s team ‘knows nothing’ about apparently ‘$ Trump Wallet’ launch: Get Trump Meme’s plans to launch a Trump Crypto Turnbook in partnership with Magic Eden, but President Donald Trump’s children say they don’t know anything about it. World Liberty Financial, the Trump-linked project that makes other crypto things, also plans to issue a wallet and allegedly sent a cessation and desist to Magic Eden.
• France charges 25 people, including 6 minors, in crypto -kidnapping cases: French authorities arrested 25 different people tied to kidnapping attempts from different crypto leaders and their family members.
• Suspected in French crypto nappings arrested in Morocco: The 25 -person group reportedly had a ring leader who was arrested a Moroccan police.
• Dems say they are blocked from info about the brink of the bill of crypto -market structure Hearing: Democrats for the House of Financial Services say they have not received much technical assistance from supervisory authorities in the Law of Clarity.
• USA grabs darknet, Internet domains, crypto funds linked to illegal trade in credit card data: US authorities seized 145 Darknet and Internet domains tied to a market called BIDENCASH.
• Moonpay grabs sought after Bitlicense -Authorization in New York: Very straightforward here.

Tuesday

Wednesday

• 14:00 UTC (10:00 A) House Financial Services Committee and House Agriculture Committee each held a consultation to discuss the Law of Clarity, the new House Market Structure Bill.

Friday

• 13:00 UTC (9:00 A) Democrats in House Financial Services Committee held another hearing focusing on President Donald Trump’s crypto-bonding as well as the market structure proposal introduced by house republicans last week. (It’s not on the calendar above because I’m on the way this week and the calendar was made before the hearing was announced).

• (AP NEWS) President Donald Trump and Elon Musk had a very public social media spat on Wednesday and Thursday.

If you have thoughts or questions about what to discuss next week or any other feedback you would like to share, feel free to e -mail me at nik@Pakinomist.com or find me at bluesky @nikhileshde.bsky.social.

You can also participate in the group interview at Telegram.

See you next week!