A Senate effort to pass a major crypto market structure bill is running into complications as negotiations become increasingly entangled in a political fight over ethics rules tied to President Donald Trump's family crypto businesses.
The legislation is designed to create a federal framework for regulating digital assets, including how oversight is divided between agencies such as the SEC and CFTC. The crypto industry has pushed for the measure for years, arguing it would reduce regulatory uncertainty and help attract institutional investors. Any progress on the bill now depends on whether Democrats and Republicans can agree on ethics restrictions covering how public officials engage with digital assets, Politico reports.
