According to Jake Chervinsky, even if the current House crypto regulation bill progresses, its future in the Senate remains highly uncertain due to challenging political dynamics. Chervinsky highlights that the FIT21 Act, which previously passed the House, failed to advance in the Senate, a trend that could persist for new crypto bills (source: Jake Chervinsky on Twitter, May 27, 2025). For crypto traders, this suggests that significant regulatory clarity or policy changes affecting the cryptocurrency market may be delayed, potentially maintaining current volatility and affecting institutional adoption.

According to Eleanor Terrett, the newly released page 2 of the GENIUS Act introduces specific language targeting Big Tech companies, which could alter data privacy and platform compliance standards. This regulatory shift may directly affect crypto trading platforms that rely on major tech infrastructure for operations and user verification. Traders should monitor these developments as increased oversight could lead to stricter Know Your Customer (KYC) requirements and data handling protocols, potentially increasing operational costs and affecting liquidity on crypto exchanges. Source: Eleanor Terrett on Twitter, May 15, 2025.

According to Eleanor Terrett, a newly updated version of the Senate’s GENIUS Act that proposes a regulatory framework for payment stablecoins has been introduced on the Senate floor by Senators Hagerty, Tim Scott, and Lummis. This legislative development signals potential for clearer compliance requirements and increased institutional adoption of stablecoins, which could impact trading volumes and liquidity for USD-backed digital assets. The move follows comments from Senator John Thune to GOP senators and reflects growing bipartisan attention to crypto regulation in the U.S. market (source: Eleanor Terrett on Twitter, May 1, 2025).