Breaking: US Senate Sets July 9 Showdown for Crypto Regulation—Markets Brace for Impact

Washington sharpens its knives as Capitol Hill prepares to dissect digital asset rules next week.

### The Regulatory Reckoning

Lawmakers will finally grapple with the trillion-dollar question: How to tame crypto without killing the golden goose? Expect fireworks as pro-innovation senators clash with Wall Street traditionalists—because nothing unites Congress like a chance to grandstand about money.

### Why This Hearing Matters

With Bitcoin hovering near all-time highs and meme coins hijacking retail portfolios, regulators can no longer plead ignorance. The hearing drops six days from today—just enough time for lobbyists to max out their corporate cards at D.C. steakhouses.

### The Bottom Line

Whether this becomes a watershed moment or another bureaucratic circle jerk depends on one thing: Can politicians resist their urge to 'do something' long enough to actually understand the tech? Place your bets—the house always wins.

Regulatory Pressure Builds as Bills and Amendments Clash

Senator Cynthia Lummis’s crypto tax amendment failed to pass despite strong lobbying efforts. This defeat highlights lingering resistance within the Senate. Besides, President Trump’s “One Big Beautiful Bill” progressed without crypto language, leaving the industry in limbo. 

However, the GENIUS and CLARITY Acts could offer legislative clarity. If both bills pass, GENIUS heads to the President’s desk while CLARITY moves to the Senate floor.

Also read: Crypto Market Structure Bill: Rep. Hill Sets June 10 Markup Date