U.S. Crypto Market Structure Bill Gains Bipartisan Support, Trump Administration Backs Legislation

Gate News message, April 25 — Senator Cynthia Lummis signaled on April 25 that Congress is positioned to advance a comprehensive crypto market structure bill with bipartisan backing and support from the Trump administration. “We have bipartisan support. We have President Trump’s support. This is our moment,” Lummis stated.

The proposed legislation aims to establish a clear regulatory framework for digital assets in the United States, addressing current regulatory gaps and overlapping rules. The bill seeks to categorize digital assets as either securities or commodities, reducing compliance uncertainty for crypto exchanges, token issuers, and institutional platforms. The framework is designed to balance investor protection with continued innovation in the sector.

The bipartisan momentum reflects growing recognition among U.S. lawmakers that a unified crypto policy is essential as other jurisdictions advance their own digital asset regulations. The political alignment across parties and executive branch support suggests accelerated legislative progress.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Hong Kong Monetary Authority to Consider New Stablecoin Licenses After First Batch, With Long-Term Monitoring

According to Hong Kong Monetary Authority Governor Eddie Yue, speaking to the Legislative Council yesterday (May 4), the authority will consider issuing new stablecoin licenses after the first batch of stablecoins launches, but will strictly control the number based on market capacity and emerging r

GateNews1h ago

ASIC Sets June 30 Deadline for Digital Asset Firms to Secure Licences

According to ASIC, digital asset firms must determine whether they require a financial services licence and submit applications by June 30, 2026. The deadline marks the end of a temporary no-action position that previously allowed firms to assess regulatory guidance without immediate

GateNews2h ago

SEC Delays 24 Prediction Market ETFs Set to Debut This Week

According to Reuters on May 4, the Securities and Exchange Commission delayed 24 prediction market exchange-traded funds set to debut this week. The pause affects ETFs from issuers including Bitwise, Roundhill, and GraniteShares as the SEC reviews how the products would function and associated inves

GateNews5h ago

Survey Finds 62% of US Voters Distrust Trump on Crypto Oversight, Late-April Polling Shows

According to a Public Opinion Strategies survey commissioned by CoinDesk, 62% of registered US voters do not trust President Donald Trump's administration to oversee the crypto industry, based on late-April polling of 1,000 voters with a credibility interval of about 3.5 percentage points. The surv

GateNews6h ago

Hong Kong issues its first two stablecoin licenses! The HKMA reveals the conditions for subsequent issuances: a steady push to roll them out, with tight control over the number

The Hong Kong Monetary Authority has issued its first stablecoin issuance licences to HSBC and AnchorX Financial (a joint venture between Standard Chartered Hong Kong, Hong Kong Telecom, and Anz). The two are positioned for retail payments and enterprise cross-border settlement, and will roll out stablecoins for different uses by mid-year and year-end. The regulator said it will decide whether to issue additional licences after observing actual operations and risks, and the number of licences will be strictly controlled. Stablecoins are expected to reduce the cost of cross-border remittances, speed up payments, and in the long run enable second-level account crediting through AI automation of payments.

ChainNewsAbmedia7h ago

Hong Kong Monetary Authority to Implement Long-Term Monitoring of Stablecoins After First Launch

According to ChainCatcher, Hong Kong Monetary Authority Chief Executive余伟文 stated after attending a Legislative Council meeting that the authority will implement long-term continuous monitoring of stablecoin implementation. The HKMA will consider issuing new stablecoin licenses after the first

GateNews10h ago
Comment
0/400
No comments