The Breakdown Senate Democrats Push for Bipartisan Role in Crypto Market Structure Bill
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Sep 23, 2025 Senate Democrats are advocating for genuine bipartisan support on the critical crypto market structure bill. This push heightens the urgency as regulations loom, potentially impacting stablecoins and decentralized finance. Additionally, there are developments regarding the Treasury’s Genius Act and its stablecoin rules, alongside exciting news about Grayscale’s new crypto index fund and BitGo’s IPO filing. Tune in for insights on how these moves could shape the future of U.S. crypto regulation!
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Democrats Seek Bipartisan Authorship
- A bloc of 12 Senate Democrats is demanding true bipartisan authorship of the crypto market structure bill rather than just input on GOP language.
- Their involvement could shift key provisions on stablecoins, DeFi, and compliance and may delay passage if negotiations take time.
Democrats' Framework Raises DeFi Concerns
- The Democrats' framework sought to close a stablecoin interest loophole and add enhanced compliance measures, raising fears about stricter DeFi controls.
- Ambiguity around phrases like addressing 'bad actors' in DeFi has sparked concern about potential backdoor DeFi restrictions.
Timing Threatens The Bill's Chances
- Time is a major constraint: delays could push the bill into next year given limited Senate floor weeks in Q4 and other looming fights like a shutdown.
- Punting into next year risks killing momentum and likely means no crypto market structure law before the midterms.