Crypto and Congress: What's Left on the Table?

With less than 40 days left in the year, lawmakers are racing to tackle key financial issues, including crypto regulation.

Senate Advances Key Nomination

The Senate has made progress in confirming Mike Selig to lead the Commodity Futures Trading Commission (CFTC). If approved, Selig will oversee crypto markets, emphasizing the importance of crypto and aiming to establish investor-friendly regulations.

The Market Structure Bill: A Major Challenge

A draft bill outlining crypto regulations is under review by the Senate Agriculture Committee, but it's not finalized. Controversial aspects, such as conflict-of-interest rules, are still being debated.

Meanwhile, the Senate Banking Committee is also working on the bill. Senator Tim Scott, the committee's leader, accuses Democrats of delaying progress, suggesting they oppose President Trump's vision for U.S. crypto leadership.

Time is Running Out

With Thanksgiving next week and only a few weeks left in December, Congress must act swiftly to finalize any legislation before the year ends.