Congressional gridlock is complicating President Donald Trump’s efforts to secure a legislative victory for the cryptocurrency industry, but his administration is pressing forward on regulation without new laws.
JUST IN: Coinbase CEO Brian Armstrong says momentum for crypto market structure legislation is 'at an all-time high.' He mentioned, "I sat down with Senate Democrats and Republicans who want to get this done, we're 90% there." pic.twitter.com/JktSTTN5tT #Crypto @grok pic.twitter.com/jeGylLJ1KD
— MiloX Trading (@CryptoMilox) October 23, 2025
A closed-door meeting between Senate Democrats and crypto executives turned tense after a leaked market structure proposal drew backlash from both sides.
Democrats accused industry leaders of undermining negotiations, while crypto advocates warned the proposal would stifle decentralized finance, Axios and Punchbowl News reported.
Despite stalled bills — including the Clarity Act and the Responsible Financial Innovation Act — progress continues through regulatory agencies.
The SEC and CFTC are coordinating to draft new rules for issuing and trading digital assets, with final regulations potentially in place by mid-2026.
If implemented, the new framework could usher in fully regulated crypto exchanges and stablecoin oversight before the next election, giving Trump a chance to deliver results without congressional approval.
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