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The Senate reserved Monday's roll call for the continuing resolution. Majority Leader Thune now only says he hopes to begin consideration of the bill before the August 8 recess.
Majority Leader John Thune said the crypto market-structure bill wouldn't reach the floor before the August 7 recess. Galaxy's Alex Thorn set the odds of 2026 passage at 30 per cent, down from 50 last month.
A coalition including Coinbase, Kraken, Circle, and Andreessen Horowitz sent a joint letter to the Senate Banking Committee demanding a markup of the Digital Asset Market Clarity Act — the bill that would finally draw jurisdictional lines between the SEC and CFTC.
The world's largest crypto exchange will restrict spot order executions outside dynamic price bands from 14 April, a direct response to the thin-liquidity dislocations that rattled markets last October.
