Crypto Industry’s Coveted Market Structure Bill Is Doomed, Lobbyists Say

Late last night, the proposal of the Crypto Law on Crypto Structure brought votes to Two committeeswhich prompted the celebration on the Capitol hill and the statements of confidence from the legislators if the legislation – which would establish a new framework for regulating most of the crypto activities in the United States – on the way to place the law.

But privately, in the last week, Crypto’s leading lobbyists came to a very different conclusion: for various reasons, the chances of the market structure of the market structure withdrew to near zero this year.

“Anyone who disagrees is either a misconception or stupid,” said one top -notch crypto lobbyist Decipher Wednesday.

How is that? Numerous variables relating to the bill itself and macro political climate make up the market structure of an almost impossible pill to swallow many Democrats, five Krypto Policy leaders who talked to Decipher said. But at the top of that list, big: Donald Trump is numerous personal and lucrative crypto venturewhich Democrats seized as perhaps their most prominent vector attacks against the president during his second term.

In recent weeks Democrats in both House and Senate They tied to cryptocurrencies with the president, demanding that the accounts include a language that would prevent Trump and his immediate family to engage in a crypto venture while he remains in power. House Republicans refused the efforts to involve such a language in legislation specific to stabiblecoin, suggesting that the conversation would be more appropriate during a broader discussion on the market structure law.

Yesterday, however, during the Committee label for their account on a market structure, Law of ClarityRepublicans again blocked the efforts to involve a conflict between the conflict of interest in legislation that would affect the president’s crypto.

“This bill does not apply to the personal finances of any individual,” said the Chairman of the Financial Services Committee of House French Hill (R-AR) at one point during Tuesdays. “It’s not an ethical account.”

Trump’s crypto jobs are unanimously responsible for the passing chances of the draft law on the cryptic market structure that has undergone Congress, said the top crypto lobbyist.

“The reasons one, two, three, four and five and five are the president’s business jobs in cryptocurrencies while in power,” they said.

Lobbyist is particularly blamed for this development under the legs of the operator World Freedom FinancialKrypto platform Trump’s family.

“These people, they hate us,” said the lobbyist. “They announce a new product every time a key voice comes. During yesterday, Eric Trump Fucking Tweeting O World Liberty and their new Stabiblecoin. It’s just crazy.”

In addition to the president’s cryptocurrencies, other macro political factors have suddenly reduced the prospects for the legislation on the structure of the crypto market structure this year, said the second expert in politics Decipher. The adoption of the law with two -sided support has become constantly difficult with every day of the second term of the President Trump, said the expert, given every news cycle, it brings more reasons to be difficult for democrats, optically, to log out to one of the best priorities of the White House policy.

This week, for example, the president deployed the US army to extinguish protests against immigration policy of his administration in Los Angeles, an extraordinary escalation that Democrats have framed as an attack on democracy. During yesterday’s marking of the Claus Act, some of the most demanding exchange between members of both sides had nothing to do with cryptocurrencies, but instead, the escalating situation in California.

Such partisan tensions, which were lingered in the background of the crypto just a few months ago, became an inevitable obstacle to the legislature about the market structure – which would require the support of Democrats to become a law – said an expert.

A few weeks ago, these forces almost demolished Adoption of the Geni Law, the Senate Stabil Act, which is considered less controversial than more far -reaching legislation on market structure. In its current form, market structure accounts would change US decades of old securities laws excluded Most cryptic tokens from SEC supervision.

“Genius was a cluster,” the expert said. “And this account is more ambitious.”

Another crypto lobbyist who talked Decipher For this story she expressed some hope earlier this week that the act of clarity could still go through if it is combined in the house with Stabibelo’s legislationand quickly pushed himself like one megabill.

“You have to create an unstoppable freight train running from the house,” Lobbyist said on Tuesday.

However, after last night’s vote on the Conenque Committee of the Financial Services Law, in which only two Democrats joined the Republicans to improve the law of the law on the floor, the lobbyist revised his once cautiously optimistic chances.

“These votes significantly diminish my expectations for a market structure,” the lobbyist said on Wednesday. “The genius is more likely to pass on its own.”

Every policy expert Decipher He talked to this story agreed. The law of genius is currently approaching the final vote on the floor of the Senate, with the votes of the Cloture on the legislation set up this afternoon. If the attempts of the house to go through Kripto Megabill fails, congress Republicans and the White House are likely to take a win on Stablecoins and call it Dan, experts said.

The White House official has pushed that characterization.

“The administration is firmly dedicated to seeing a market structure because it was made from the board last night,” said the clerk said Decipher. “We are excited about achieving two -sided progress.”

“The White House is extremely optimistic and is dedicated to see that the legislation of the stabia and market structure will come to the table of President Trump,” the official added.

On Tuesday, 18 Democrats in the House of Agricultural Committee supported the Claus Act. The proposal of the law had to pass votes before the Committee on Agriculture and Financial Services, which together wrote the legislation.

Was a in advance He considered the Law on clarity to agriculture, and the result considered a disappointment during the voting of the Financial Services Committee. Multiple pro-Crypto Democrats ultimately voted against the advancement of legislation on the floor of the home.

“Republicans thought they would be able to shave a lot of democrats, but that they only managed to get two,” said the employee of the Democratic House Decipher. “Definitely the signs of what will be a bigger problem.”

If the Congress adopts a stable proposal for the law without monitoring the legislation of market structure, the task of regulating the cryptocurrency of the market would probably fall for SEC, which has been shown, from the beginning of Trump’s second term, to be eager and willing to create favorable conditions For the crypto industry. However, this regulatory repair would not be permanent, and the agency’s relationship with cryptocurrencies could be easily switched to the views of the future industry president.

One crypto lobbyist who talked Decipher This story this year is probably not the way for the legislation of market structure. The only thing to do, they said, try again in 2026.

Asked if the prospect of passing the passage would be better for the market structure next year, given the upcoming choices and other obstacles, the lobbyist had no answer. They just put their hands in the air, smiling bitterly and shrugged.