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The NarrativeWelcome to the Last Four MONHS OF 2025. HERE’S WHAT WE’RE Looking for in the Final Third of This Year.
WHY IT MATTERSCrypto Already Got One Major Bill This Year-The Genius Act Addressing Stablecoins-But The Bigger Market Structure Bill Remains a Work-in-in-Progress. Congress is Back from Summer Recess But There Are Other Issues It Has to Deal with, Including A Funding Bill Deadline at the End of the MONTH.
Breaking It DownIn the Legislative Branch, All Eyes Are On Market Structure Legislation. While the House of Representatives passed the Digital Assets Market Clarity Act (Clarity Act) with Overwhelmsing Bipartisan Support Earlier this year Publishing Multiple Drafts Defining “Ancillary Assets” and Working Town Creating Guidelines for the Broader Crypto Sector.
While The Banking Committe Has Publissed Several Drafts – Including One Late Friday – The Senate Agriculture Committee have not Yet Gone that Far. Any Legislation Will Need Support from Both Committees, Given the Banking Committee Oversees the Securities and Exchange Commission and the Agriculture Commission of Commodies.
Moreover, this Bill Will Need Bipartisan Support, Given The 60-Dvote Thresold It Will Need to Advance Out of the Senate. Banking Committe Chairman Tim Scott Set A Sept. 30 Deadline for Passage, But It’ll Be a Heavy Lift, Given The Myriad Other Concerns The Senate Has Right Now.
The Federal Regulators, for Their Part, Are Also Moving Swiftly. On Tuesday, The Securities and Exchange Commission and Commodity Futures Trading Commission Publized A Joint Statement on Spot Trading of Crypto by Registered Firms, Saying Theese Communicies Shouldies Sh. But that Certain Assets Were Okay to Trade (Thought It Did Not NAME THESE Assets).
On Thursday, The Sec Published a Public Agenda Addressing Itar-Term Prioritis with A Number of Crypto-Related Action Items. The Sec Aims to Propose A Rule on Selling Crypto Assets by April, As Well As Possibly Address A SAFE HARBOR.
And on Friday, The Sec and CFTC Published A Joint Statement Announcking they would Continue Working to “Harmonize” Their Efforts Armund Crypto Regulation. To that end, there will be a joint Roundtable on Sept. 29.
This WeekWednesday
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Lkashenko Pressed Regulators to Finalize A Framework for Digital Tokens, Saying Belarus Must Pair Investor Safuards Wits Bid to Be a Crypto-Friendly Hub.
- Lkashenko Criticized Delays in Finalizing Regulations for Digital Tokens Despite Directives He Issued in 2023.
- He CITED A STATE CONTROL Committee Inspection Claiming Violations at Crypto Platforms and SAID FUNDS SENT ABROAD BY INVESTORS OFTEN FAILED TO RETURN.
- Lkashenko Said that New Oversight Should Protect Stability But Also Allow Local and Foreign Firms to Continue Operation in Belarus’ “Digital Haven.”
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