Market News

US Crypto Landscape Shifts as Lawmakers Race to Meet Trump’s Regulatory Deadline

As Congress reconvenes after a two-week break, cryptocurrency regulation tops the agenda.

Lawmakers are racing against time to meet President Trump’s August deadline for critical crypto legislation that may redefine digital assets in the U.S.

Among the key proposals are bills focused on market structure and stablecoin regulations, both vital for establishing a robust framework.

In a proactive move, the House Financial Services Committee has scheduled a hearing titled “American Innovation and the Future of Digital Assets” for May 6.

Meanwhile, the crypto industry is not sitting idly; a petition led by the DeFi Education Fund urges regulatory reform in light of legal controversies involving developers.

Nexo, a cryptocurrency services firm, has made a strong comeback in the U.S. market after overcoming regulatory hurdles from the SEC.

Donald Trump Jr. emphasized the industry's transformative potential during Nexo's reentry event, calling regulatory support crucial for growth.

Having settled a $45 million dispute with the SEC, Nexo is launching new products including high-yield savings accounts and credit lines.

This return reflects a shifting regulatory landscape, with the appointment of Paul Atkins at the SEC raising hopes for improved industry engagement.

As the clock ticks toward August, all eyes are on Congress and the crypto sector as they navigate this pivotal moment in U.S. financial history.