The US crypto regulatory environment is at a critical juncture. Two Senate committees have approved market-structure frameworks, but a full Senate vote on the crypto bill is yet to happen. With the state work period set to begin on August 10, negotiations could have far-reaching implications for trading, custody, token issuance, and institutional demand for several years to come.
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Why Senate Crypto Bill Negotiations Have Reached a Critical Stage
Why the Senate Vote Has Become the Biggest Crypto Catalyst of July
The House of Representatives passed H.R. 3633, the CLARITY Act, by a 294–134 vote on July 17, 2025, with 78 Democrats joining Republicans in support. The Senate Banking Committee…
