Crypto Market Structure Bill Gains Support from Trump’s Inner Circle

Legislative momentum is building around a pivotal crypto market structure bill, with introduction targeted before Congress's August recess. Senators Tim Scott and Cynthia Lummis are spearheading the effort, aiming to finalize the framework by September's end—a timeline explicitly endorsed by David Sacks, former PayPal executive and key cryptocurrency advisor to Donald Trump's campaign.

The bill seeks to resolve the longstanding securities-versus-commodities debate for digital assets, potentially unlocking regulatory clarity that has stifled institutional participation. Market participants interpret the Trump camp's vocal support as a strategic alignment with crypto advocates ahead of the November election.

This legislative push coincides with growing institutional demand for standardized rules. The absence of clear guidance has forced major exchanges to operate under shifting interpretations of existing statutes. A definitive classification system could accelerate Wall Street's embrace of spot Bitcoin ETFs and other regulated products.