State of Crypto: What Congress Has Left to Do This Year
Congress has less than 40 days left this year to advance key crypto legislation, including market structure bills and CFTC nominee confirmation.Summary
With less than 40 days remaining in the year, Congress faces a tight deadline to make significant progress on cryptocurrency issues before dispersing for elections. Key items include the confirmation of Mike Selig as CFTC Chair, which is moving forward after the Senate Agriculture Committee advanced his nomination, and the crucial market structure legislation.
Selig has indicated the CFTC's commitment to developing a framework for on-chain markets that supports software developers while protecting investors. However, the market structure bill remains stalled, with Republicans accusing Democrats of delaying progress. Senator Tim Scott suggested a markup in both relevant committees could occur next month, aiming for a Senate floor vote early in 2026, which he hopes President Trump will sign.
Beyond legislation, other matters include ongoing scrutiny from Senators Warren and Reed regarding allegations involving Trump-linked crypto businesses and the Treasury Department.
(Source：CoinDesk)