Senate Crypto Bill: Trump’s Next Move?

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In the dimly lit chambers of the Senate, Tim Scott, the chairman of the Banking Committee, spoke of a bill that would shackle the wild frontier of cryptocurrency, a beast both feared and coveted. 🧠💸

The bill, a labyrinth of securities and commodities, must navigate the treacherous waters of two committees, each more bureaucratic than the last. 🧱

During his interview with Fox Business, Scott declared: “By the end of this year, next month, we believe we can mark up and vote in both committees and get this to the floor of the Senate early next year so that President Trump will sign the legislation.” A new era of clarity, or a new era of confusion? Only time will tell, but the Senate is already drafting the script. 🧠

Coinbase CEO Brian Armstrong, the digital prophet, is rallying the faithful, meeting with lawmakers like a modern-day apostle. With the government funded until January, the Senate is rekindling its passion for crypto legislation. 💸

Tim Scott Blames Democrats for Stalling the Crypto Market Bill

Scott, ever the moral crusader, insisted the bill would shield consumers and cement America’s dominance. But the Democrats, ever the architects of delay, have been dragging their feet, lest the nation be swept into a new age of digital gold. 🧱

“The Democrats have been stalling and stalling and stalling because they don’t want President Trump to make America the crypto capital of the world. It’s not just for President Trump, it’s for the American people.” A noble cause, or a desperate attempt to control the chaos? 🧠

Coinbase’s Armstrong, ever the optimist, called the Democratic bill “bad, plain and simple.” A clash of ideologies, as old as the republic itself. 💸

Earlier this summer, the Senate crafted its own bill, while the House passed the CLARITY Act. A battle of drafts, each vying for supremacy in the annals of regulatory history. 🧱

The Republican-led committee aims to carve out a new category of “ancillary assets,” a move as confusing as it is ambitious. 🧠

Coinbase CEO Pushes for Crypto Market Legislation

Armstrong, leading the charge, claims “significant progress” since his last visit. A hopeful tune, though the Senate’s pace is as slow as a snail in a bureaucratic swamp. 💸

“We hope for a December markup of the CLARITY bill and for the legislation to reach the President’s desk soon after.” A dream, perhaps, but one that keeps the wheels of commerce turning. 🧠

The measure, he argues, will bring order to the chaos, though the definition of “order” remains as murky as a crypto wallet in a blackout. 💸

Yet, for all the talk of consumer protections and industry growth, the real question lingers: Will this bill be a beacon of clarity, or another footnote in the long, winding tale of American governance? 🧱

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2025-11-19 17:49