Senate Faces Closing Window to Pass Crypto Bill as White House Urges Action
The WHITE House is pressuring the Senate to accelerate passage of a comprehensive cryptocurrency bill, warning that political shifts could soon close the current window for regulatory clarity. A senior administration advisor emphasized the need for swift action, noting that the industry continues to expand amid inconsistent federal oversight.
Bipartisan negotiations have stalled on key issues like stablecoin regulation and DeFi oversight, straining progress. The advisor warned that delaying the bill risks allowing a future Congress to impose stricter measures, urging stakeholders to accept trade-offs for long-term framework stability.
Market participants are watching closely as the Senate debates concessions needed to secure the 60 votes required for passage. With midterm elections looming, the timeline for achieving consensus narrows daily—potentially leaving the $2T crypto sector in regulatory limbo.
