Crypto Industry’s Coveted Market Structure Bill Is Doomed, Lobbyists Say
The House's crypto market structure bill passed two committee votes, but top crypto lobbyists believe its chances of passing this year are nearly zero. Key factors include Democrats' opposition linked to Donald Trump's crypto ventures, which they aim to regulate through pending legislation. Efforts to include conflict-of-interest language in the bill were blocked by Republicans, who stated the bill is not about individual finances. Political tensions have increased, making bipartisan support for crypto legislation more difficult. The GENIUS Act, a stablecoin bill, is nearing a Senate vote and may pass independently. If the market structure bill fails, regulatory oversight may default to the SEC, which could change with future administrations. Lobbyists express skepticism about the bill's prospects this year, suggesting a renewed attempt in 2026.
