Crypto Legislation Charges Forward—Will 2025 Be the Year of Regulatory Clarity?

Lawmakers are finally playing catch-up as digital assets bulldoze their way into mainstream finance. From Capitol Hill to Brussels, the regulatory gears are grinding—just don't expect Wall Street's old guard to cheer.

Subheader: The Bills That Could Reshape Crypto's Future

Three key proposals are gaining traction: a stablecoin framework that could legitimize the sector (while giving banks heartburn), a rewrite of securities rules for tokens, and—shockingly—bipartisan support for clearer tax treatment. Even the SEC's enforcement-first approach shows cracks as legislators demand actual guidelines.

Subheader: The Elephant in the Room

Institutional money's waiting on the sidelines—not because of volatility, but compliance headaches. Every hedge fund manager now claims to 'believe in blockchain' (translation: they'll believe in it once their lawyers do).

Closing Thought: Whether this legislative push brings clarity or just creative new ways to stifle innovation depends on who wins the lobbyist wars. Place your bets—this regulatory showdown has higher stakes than any crypto derivative.

Tuesday

• 17:00 UTC (1:00 p.m. ET) House Financial Services Committee Chair French Hill said the House and Senate's respective stablecoin bills are close but need some work to be fully aligned with each other.

Wednesday

• 14:00 UTC (10:00 a.m. ET) The House Financial Services Committee and House Agriculture Committee each held a hearing to discuss the Clarity Act, the new House market structure bill.

Friday

• 13:00 UTC (9:00 a.m. ET) Democrats on the House Financial Services Committee held another hearing focused on President Donald Trump's crypto tie-ups, as well as the market structure bill introduced by House Republicans last week. (It's not on the calendar above because I am on the road 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.

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See ya’ll next week!