Oh, the crypto world is buzzing like a bee on a sugar high! The much-anticipated (read: finally, about time!) Market Structure Bill is gearing up for its big moment in early December. 🎊 Because nothing says “holiday cheer” like legislative markups, right? 🥳
Crypto Nerds: Will They Get Their Homework Before Turkey Day? 🦃
Eleanor Terret from Crypto In America spilled the tea: Agriculture Committee Chair John Boozman is totally committed to this timeline. 🙌 Apparently, the government shutdown threw a wrench in his plans, but hey, no pressure! 😅 Meanwhile, draft bills are being whipped up faster than a Thanksgiving pie in both the Senate Agriculture and Banking Committees. 🍰
Speaking of the Banking Committee, Chairman Tim Scott is playing hard to get with his markup date. 👀 September came and went, and still no word. Classic Tim. 🤷♀️
And the plot thickens! The bill text is MIA since it went bipartisan after some Capitol Hill cuddle sessions. 🤝 Will it drop before Thanksgiving? Who knows! But if it doesn’t, crypto folks will have plenty to dissect over their mashed potatoes. 🥔
Terret’s take? If the Banking Committee drags its feet, the Senate Agriculture draft will be the main course. 🍗 But here’s the kicker: parts of it are blanker than a forgotten Google Doc. 📄 Specifically, the DeFi section is as empty as my bank account after Black Friday. 🛍️
Year-End Chaos: Because Why Not? 🎆
Digital Chamber CEO Cody Carbone is all like, “Guys, can we collaborate? This siloed thing isn’t cute.” 🤦♂️ He’s hoping the Agriculture Committee will fill in those blanks ASAP, but let’s be real, they’re probably still arguing over font sizes. 📏
Meanwhile, the Banking Committee is supposedly taking the lead on DeFi regs, which is totally their jam. 🎧 But don’t hold your breath-that part’s still under wraps. 🔒
If these committees get their acts together by December, the next step is merging their drafts into one big happy bill for a Senate vote. 🗳️ But with the holidays looming and deadlines tighter than skinny jeans after dinner, it might spill into next year. 😬
Carbone’s verdict? “We’re running out of time, people!” ⏳ But hey, at least the crypto industry is optimistic. 🤞 Paul Grewal from Coinbase is like, “Yeah, there are obstacles, but we’ll get there. Probably. Maybe. Hopefully.” 🌈
So, buckle up, crypto fans! This ride is bumpier than a Black Friday sale at Walmart. 🛒
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2025-11-18 11:39