A major joint hearing on crypto regulation is set for May 6. Lawmakers will unveil a new draft framework that could reshape the future of digital assets in the U.S.
The draft is expected to mirror last year’s FIT 21 Act—aimed at clarifying whether the SEC, CFTC, or both regulate digital assets like Bitcoin. The CFTC could gain more power over crypto spot markets.
Meanwhile, stablecoin legislation is gaining traction. Some lawmakers want to link it with the broader market structure bill. But political divisions are threatening bipartisan momentum.
Why? Trump’s growing crypto involvement—memecoins, NFTs, and stablecoins—has stirred controversy. Democrats see it as self-enrichment, complicating negotiations.
As midterms approaches, Congress faces a tight window to pass meaningful crypto laws.
Will this be a breakthrough moment—or another missed opportunity?
