CoinDesk Podcast Network Everything You Need to Know About Market Structure Legislation Heading Into 2026 | CoinDesk Daily
Dec 24, 2025
The podcast dives into the current state of U.S. crypto market structure legislation, highlighting essential wins in 2025 but noting a crucial missing bill. It investigates the House's passage of the Digital Asset Market Clarity Act while the Senate drafts its version. The discussion also covers debates on anti-money laundering regulations for DeFi and the impact of political factors like shutdown risks and midterm elections on legislative progress. Finally, listeners learn about potential consequences if this critical legislation fails to pass.
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Big Wins But Missing Market-Structure Law
- The U.S. has passed major crypto wins in 2025 but still lacks comprehensive market-structure law.
- That missing law leaves the industry exposed to regulator-driven policy swings instead of stable congressional rules.
Senate Drafting Its Own Version
- The House passed the Digital Asset Market Clarity Act but the Senate is drafting a parallel bill instead of taking it up.
- Senate chairman Tim Scott is engaging industry and lawmakers, yet the Senate text remains unfinished.
Three Friction Points Could Sink The Bill
- Three major friction points threaten the bill: DeFi AML rules, an ethics ban, and regulator vacancies.
- These issues pit Democrats, industry, and the White House against each other and stall compromise.