The crypto industry's market-structure bill remains stuck in the Senate, advanced but not passed before the August recess despite some $225 million in industry spending. Reporting on Trump's own crypto windfall has stiffened opposition.
At stake are federal rules for digital assets in the United States, sought by a crypto industry that has spent heavily to move Congress. The bill's path runs through the Senate, where its backers face opponents who object in part to President Donald Trump's personal financial stake in crypto.
The Financial Times reported that the crypto sector's flagship market-structure bill stalled in the US Senate despite $225 million in industry spending, while Reuters said senators advanced it before the August recess. According to the Wall Street Journal, reporting on Donald Trump's financial windfall from crypto stiffened opposition to the legislation.