Industry leaders and lawmakers unite as 2025 nears potential breakthrough in U.S. crypto market structure reform, boosting confidence in blockchain innovation.
The United States might finally be ready to bring clear regulations to the crypto industry. According to White House AI and Crypto Czar David Sacks, the country is in an “excellent position” to pass long-awaited crypto market structure legislation before the end of the year.
In a recent post on X (formerly Twitter), Sacks expressed optimism about the growing momentum behind the U.S. crypto regulation bill.
“We’re in an excellent position to pass meaningful crypto legislation this year. There’s strong bipartisan support building, and we’ve had productive meetings with leading Democratic members,” Sacks said.
He believes the new framework will offer the kind of regulatory clarity for digital assets that the industry has sought for years.
“This legislation will finally give investors and developers the clarity they deserve,” he added, referencing the earlier success of the Genius Act, signed by President Trump earlier this year.
If passed, the bill would mark a major milestone for U.S. crypto policy — helping businesses, investors, and innovators better understand what’s legal and what’s not, a step the sector has awaited for over a decade.
Senate Democrats, led by Sen. Kirsten Gillibrand, recently hosted a crypto policy roundtable with top executives from across the blockchain ecosystem. Participants included Galaxy Digital CEO Mike Novogratz, Chainlink co-founder Sergey Nazarov, Kraken CEO Jesse Powell, and Solana Policy Institute President Kristin Smith, a strong signal that industry leaders are now being included in Washington’s decision-making process.
Despite limited staffing due to the ongoing U.S. government shutdown, Coinbase CEO Brian Armstrong told CNBC that the political climate looks favorable for crypto regulation.
“There’s strong bipartisan support for this bill,” Armstrong said. “Thanksgiving has even been floated as a potential target date to finalize it. Around 90% of the framework is already agreed upon, with the remaining 10% mainly centered on DeFi.”
Armstrong noted that lawmakers are striving to ensure centralized intermediaries like Coinbase are regulated while preserving innovation in decentralized finance (DeFi) protocols.
“We must regulate centralized players without stifling open-source innovation,” he emphasized.
Not everyone is convinced the bill will benefit the broader crypto ecosystem. Summer Mersinger of the Blockchain Association raised alarms over the current Senate proposal, claiming it could unintentionally harm the industry.
“This draft, as written, could effectively ban decentralized finance, wallet development, and other blockchain applications,” Mersinger warned. “We need smart regulation, not policies that push innovation overseas.”
Meanwhile, Sen. John Kennedy expressed concern that the bill might be moving too fast.
“If we rush this, we risk creating a flawed framework that future administrations will have to dismantle,” Kennedy cautioned.
Traditional banking institutions have also weighed in, voicing concerns about stablecoin yield restrictions and the potential impact on long-term financial stability.
The debate underscores a long-standing challenge: how to balance innovation and regulation, protecting consumers while allowing the blockchain industry to flourish.
Still, with growing bipartisan support, direct involvement from major crypto executives, and momentum in Washington, 2025 could finally be the year the U.S. passes comprehensive crypto market structure legislation, bringing long-awaited clarity, stability, and investor protection to the digital asset ecosystem.
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