Congressional Action Stalls on Market Structure Bill
The Senate has shelved the Crypto Clarity Act, disappointing lawmakers and industry participants who hoped for a vote. Major Wall Street institutions including BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi have publicly endorsed the bill, signaling institutional appetite for clearer crypto market structure rules. SEC Chairman Paul Atkins has stated he is committed to helping advance the legislation, adding regulatory support to the effort.
The delays have weighed on market sentiment, with Bitcoin declining as the Senate postponed action. Lawmakers have previously expressed hope for a vote on the measure, but timing remains uncertain as other legislative priorities compete for floor time.
Regulatory Dispute Over Onchain Perpetual Futures
A jurisdictional conflict has emerged between the CFTC and CME over onchain perpetual futures contracts. The CFTC has granted its first approval for crypto perps listings, opening the door for decentralized derivatives trading. However, the CME, a major traditional derivatives player, is challenging this regulatory posture, arguing the CFTC's approach diverges from existing law.
