According to Jake Chervinsky, the new House draft of the Digital Asset Market Structure and Consumer Protection Act (DAMCA) is the most comprehensive and advanced crypto market structure legislation produced by Congress in the past seven years. Chervinsky notes that while there are still issues to address, the bill is surprisingly close to being ready, signaling significant progress in regulatory clarity for digital assets. For crypto traders, this draft could provide clearer rules and more predictable compliance standards, potentially reducing regulatory uncertainty and positively influencing market sentiment. Source: Jake Chervinsky Twitter, May 31, 2025.

According to Jake Chervinsky on Twitter, the ongoing efforts by House members to address crypto market structure legislation represent a significant milestone for the digital asset sector. Market participants should closely monitor these legislative developments, as regulatory clarity on market structure could directly impact trading volumes, institutional participation, and Bitcoin price volatility. Chervinsky highlights the persistent challenges faced in passing comprehensive rules but acknowledges the dedicated work by lawmakers, which could pave the way for more robust crypto trading frameworks in the US. These changes are expected to influence liquidity, exchange compliance requirements, and could trigger renewed interest from both retail and institutional crypto traders (source: Jake Chervinsky, Twitter, May 29, 2025).

According to Jake Chervinsky, stablecoin regulation bills should advance independently while regulatory agency rulemaking must receive equal or higher priority for effective crypto market structure reform (source: Jake Chervinsky, Twitter, May 27, 2025). This approach suggests traders should monitor the legislative progress of stablecoin bills and regulatory actions closely, as these developments could directly affect crypto market liquidity, trading conditions, and investor confidence.

According to Jake Chervinsky, most market participants expect the Senate to begin its crypto market structure reform from a different legislative foundation—specifically, the Responsible Financial Innovation Act (RFIA) or the Digital Commodities Act (DCA), rather than the recently discussed FIT21 bill (source: Jake Chervinsky on Twitter, May 27, 2025). Chervinsky notes that reconciling new versions of these crypto regulation bills will be highly challenging, and completion before the end of summer is improbable. For crypto traders, this delay in regulatory clarity could prolong market uncertainty, potentially increasing volatility and affecting sentiment across major digital assets.

According to Jake Chervinsky, the prospects for significant crypto market structure reform in Congress are narrowing, with the current legislative session seen as a critical window. Chervinsky notes that if reforms are not passed before the 2025 midterms and a potential Trump administration, regulatory clarity may be delayed or lost entirely, especially if Democrats regain control of the House. He emphasizes that in the absence of congressional action, regulatory agencies will remain the main arena for crypto market oversight, which could affect trading environments and compliance requirements for exchanges and investors (source: @jchervinsky, Twitter, May 27, 2025).

According to Jake Chervinsky, the US House released a new discussion draft on crypto market structure on May 5, 2025, which builds on the FIT21 framework but introduces significant new content requiring careful review (source: Jake Chervinsky, Twitter, May 27, 2025). While there is discussion of a potential markup on June 10, Chervinsky expresses doubts about the feasibility of this timeline. For crypto traders, this legislative uncertainty could increase volatility and impact strategic positioning, as regulatory clarity remains unresolved in the near term.

According to EleanorTerrett, the US Congress is actively considering new cryptocurrency market structure legislation, with the FIT21 bill discussion draft released two weeks ago and a markup expected in the coming weeks (source: EleanorTerrett on Twitter, May 22, 2025). This progress signals increasing regulatory clarity for crypto trading platforms and digital asset firms, with the June 10 legislative session set to address key regulatory frameworks that could impact trading activity, market stability, and investor confidence.

According to Trader Tardigrade, the Total 2 index has shifted from a downtrend to an uptrend, indicating renewed smart money interest in altcoins. This structural change suggests that the broader altcoin market may experience significant growth, and there remains a high probability of a major altseason in 2025. Traders should monitor key altcoin sectors for increased volume and momentum, as this shift could precede bullish opportunities across high-cap and emerging altcoins. Source: Trader Tardigrade on Twitter (May 20, 2025).

According to Samson Mow (@Excellion), the concept of rebasing satoshis (sats) to Bitcoin is no longer feasible, as the current structure of 1 Bitcoin equaling 100 million sats is well-established and widely accepted in crypto markets (source: Twitter, May 16, 2025). For traders, this confirms that pricing conventions and unit calculations will remain unchanged, supporting consistent trading strategies, price quoting, and technical analysis across exchanges. This clarity removes uncertainty for both spot and derivatives traders, ensuring liquidity and market depth calculations will continue to use the existing satoshi framework. Market participants can focus on trading execution without concerns of unit confusion or future re-denomination.

According to Milk Road (@MilkRoadDaily), Blockworks' lead writer, who has 25 years of international equities trading experience across major financial hubs like Frankfurt, London, Paris, and New York, is now applying traditional finance (TradFi) strategies to decode the crypto markets. This expertise enables professional traders and institutions to leverage proven risk management and strategic frameworks from traditional markets when trading cryptocurrencies. The integration of institutional-grade analysis is increasingly shaping crypto trading behavior, providing both retail and institutional participants with actionable insights on market structure, liquidity trends, and volatility patterns sourced from Blockworks (source: Milk Road via Twitter, May 12, 2025).

According to EleanorTerrett, the House’s latest market structure discussion draft, specifically on page 49, clarifies that transactions involving the sale of digital commodities are not considered securities, provided the purchaser does not acquire an ownership interest in the issuer. This clarification, reported on May 5, 2025, has immediate trading implications, as it potentially reduces regulatory uncertainty for digital commodity traders and exchanges, paving the way for increased market activity and legal clarity in the U.S. crypto sector (source: EleanorTerrett on Twitter, May 5, 2025).

According to Eleanor Terrett, the House of Representatives is set to hold a hearing on legislation concerning the structure of the crypto market. This development is crucial as it may influence regulatory frameworks impacting trading and market stability (source: Eleanor Terrett). Additionally, Coinbase is actively pursuing a Freedom of Information Act (FOIA) lawsuit against regulatory bodies, seeking transparency on crypto regulations (source: Eleanor Terrett). The FDIC has also eased certain crypto restrictions, potentially affecting market liquidity and institutional participation (source: Eleanor Terrett).