According to Eleanor Terrett, a group of top U.S. senators, including Tim Scott and Cynthia Lummis, has released a set of principles for a new crypto market structure framework. This legislative effort is seen by the crypto industry as more urgent than stablecoin bills, as it aims to provide critical regulatory clarity. The framework's core principles, as cited in the report, include establishing clear distinctions between digital securities and commodities, creating a shared regulatory system to avoid a single powerful watchdog, and implementing 'pro-innovation' anti-money laundering protections. For traders, the successful passage of such a bill could significantly reduce investment risk by defining the legal status of various digital assets, potentially leading to increased institutional adoption and market stability in the United States.

According to @FoxNews, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure legislation, a key development for traders seeking regulatory clarity. This timeline, confirmed by Senator Cynthia Lummis, is faster than previous year-end estimates, signaling accelerated efforts to establish clear rules for digital assets in the U.S. The proposed framework aims to define distinctions between digital securities and commodities and foster innovation through regulatory sandboxes. While the Senate passed the GENIUS Act for stablecoins, the House's strategy remains undecided, creating potential delays. This legislative push towards a comprehensive framework is a significant catalyst for the market, as regulatory certainty is expected to attract institutional investment. The positive sentiment may be reflected in current market activity, with Ethereum (ETH) trading at $2,571.49 against USDT, up 2.188% in 24 hours.

According to @cas_abbe, a significant pro-crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. For traders and investors, this is a notable setback as the amendment sought to provide substantial tax relief. Key proposals included waiving capital gains taxes on crypto transactions under $300 and, critically, changing the tax treatment for staking and mining rewards. The proposed change would have taxed these rewards only when they are sold, rather than upon both receipt and sale, which the industry argues constitutes unfair double taxation. The amendment also aimed to address rules for wash sales, crypto lending, and airdrops. With the proposal's failure to be included, the current tax framework remains in place, leaving crypto investors and miners without the anticipated regulatory clarity and financial relief. The main budget bill now proceeds to the House of Representatives for another vote.

According to @GOPMajorityWhip, a key crypto tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The provision aimed to waive capital gains taxes on small-scale crypto transactions. In a separate development crucial for digital asset markets, Senator Tim Scott, Chairman of the Senate Banking Committee, announced a new target date of September 30 for completing the crypto market structure legislation. This timeline is later than the White House's preference but earlier than previous year-end estimates. However, progress on both the market structure and stablecoin bills may face delays due to the need for coordination between the House and Senate, as well as between different Senate committees. This regulatory uncertainty unfolds as Ethereum (ETH) shows volatility, trading around $2,516 after a daily decline of approximately 2.4%, according to market data.

According to @FoxNews, the U.S. Senate has advanced a major budget bill without including a crypto tax provision from Senator Cynthia Lummis, which would have waived capital gains taxes on small-scale digital asset transactions. This legislative setback shifts the industry's focus to the proposed GENIUS Act, a bill aimed at regulating stablecoins to maintain the U.S. dollar's global dominance and provide clarity for the over $190 billion stablecoin market. Amidst these regulatory developments, the price of Ethereum (ETH) has declined, with ETHUSDT trading at approximately $2522.47, a 24-hour drop of over 2.3%, and ETHUSD at $2521.17, down 1.83%, indicating bearish sentiment in the market.

According to @WhiteHouse, the U.S. Senate has advanced a major budget bill without including a crypto tax provision championed by Senator Cynthia Lummis, which would have waived capital gains taxes on small-scale transactions. While this specific tax relief effort is stalled for now, significant bipartisan progress on a comprehensive digital asset framework is occurring in the House of Representatives. Lawmakers there have advanced key legislation, including the FIT21 Act, the STABLE Act, and the CLARITY Act, which aim to establish clear regulatory jurisdictions for the SEC and CFTC, regulate stablecoins, and create a functional framework for digital assets to foster innovation. This legislative push seeks to provide the regulatory certainty that the industry has been lacking. Amid these developments, the crypto market shows some volatility, with Ethereum (ETH) trading at approximately $2,516 against USDT, marking a 24-hour decline of over 2.3%.

According to @rovercrc, the U.S. Senate has advanced a major budget bill without including Senator Cynthia Lummis's proposed amendment to waive capital gains taxes on small-scale crypto transactions. This development means the crypto tax relief proposal must now be pursued as standalone legislation. In a separate key development for crypto regulation, Senate Banking Committee Chairman Tim Scott announced a new target deadline of September 30 to finalize the comprehensive crypto market structure bill. While this timeline is later than the White House's preference, it provides traders with a more concrete schedule for potential regulatory clarity in the U.S. market. However, potential delays could arise from the need to reconcile the Senate's stablecoin bill with the House's version and secure necessary input from the Senate Agriculture Committee.

According to @BillGates, a significant cryptocurrency tax amendment proposed by U.S. Senator Cynthia Lummis failed to be included in the major budget bill passed by the Senate. The proposal sought to waive capital gains taxes on crypto transactions under $300 and change the tax treatment for staking and mining rewards to be taxed only upon sale, not acquisition, as argued by lobbying groups like the Digital Chamber. Despite industry support, the amendment was not adopted. Following this legislative development, the crypto market showed signs of weakness. Market data indicates that Ethereum (ETH) fell, with the ETHUSDT pair dropping -0.869%. Similarly, Cardano (ADA) saw its ADAUSDT pair decrease by -2.637%, and Solana (SOL) experienced a -1.249% drop in its SOLUSDT pair over the last 24 hours.

According to @FoxNews, the U.S. Senate has advanced a major budget bill without including Senator Cynthia Lummis's proposed amendment to ease cryptocurrency taxation, which would have waived capital gains taxes on small-scale crypto activities. While this legislative development represents a temporary setback for simplifying crypto tax reporting for traders, former President Donald Trump reiterated his pro-crypto stance at a Coinbase summit. He promised his administration would work towards establishing "clear and simple" market frameworks for digital assets and supported the GENIUS Act for dollar-backed stablecoins. This political signaling coincides with a bullish market trend, as Bitcoin (BTC) is trading around $109,161.13, up 1.88%, and Ethereum (ETH) is at $2,598.87, showing a significant 6.04% increase over 24 hours. Other altcoins like Avalanche (AVAX) and Cardano (ADA) also posted strong gains against BTC, rising 6.73% and 6.13% respectively, suggesting broad positive sentiment potentially fueled by the prospect of a more favorable U.S. regulatory environment.

According to @iampaulgrewal, the crypto industry is facing a potential turning point with significant regulatory developments in the U.S. U.S. Senator Tim Scott has announced that legislation for the crypto market structure will be completed by September 30, a new deadline that shifts previous expectations. This timeline was confirmed by Senator Cynthia Lummis and praised by White House crypto adviser Bo Hines, who is pushing for the rapid passage of the stablecoin GENIUS Act. However, progress may be hindered by the need for coordination with the House of Representatives and the Senate Agriculture Committee. This legislative push occurs as the market shows positive momentum, with Bitcoin (BTC) rising 2.29% to $109,433.20 and Ethereum (ETH) gaining 5.96% to $2,598.27 in the last 24 hours, based on provided data. This increasing engagement with political systems is a point of concern for some industry observers like Grewal, who argues that crypto companies aligning with political figures and becoming lobbying forces, such as Ripple, risk diluting the original cypherpunk ethos of decentralization and challenging established power structures.

According to @WhiteHouse, the U.S. Senate has advanced a major budget bill without including a crypto-friendly tax provision proposed by Senator Cynthia Lummis, which aimed to waive capital gains taxes on small-scale digital asset transactions. While this specific tax relief effort stalls, significant progress is being made on a broader regulatory framework. The source highlights the bipartisan House passage of the Financial Innovation and Technology for the 21st Century (FIT21) Act, which aims to clarify the jurisdictions of the SEC and CFTC. Furthermore, the STABLE Act for payment stablecoins and the CLARITY Act for digital asset classification have both advanced from House committees, forming what is described as the most comprehensive digital asset framework Congress has ever considered. Amid these regulatory developments, Ethereum (ETH) has demonstrated strong positive momentum, with its price surging over 6% in the last 24 hours to approximately $2,600, as seen in the ETHUSDT trading pair, which reached a high of $2,615.26.

According to @FoxNews, a significant cryptocurrency tax amendment proposed by Senator Cynthia Lummis was not included in the major budget bill that recently passed the U.S. Senate. The proposed changes aimed to rationalize the tax system for digital assets by taxing staking and mining rewards only upon their sale, rather than at acquisition, to avoid what the industry calls unfair double taxation. The amendment also sought to create a tax waiver for small crypto transactions under $300, with a yearly cap of $5,000, to encourage wider adoption by simplifying tax reporting for casual users. The failure of this amendment to advance is a setback for the crypto industry's lobbying efforts for clearer regulations. As this legislative news unfolded, market data indicated minor price pullbacks for major cryptocurrencies, with Ethereum (ETH) trading around $2,440, Solana (SOL) near $148.96, and Cardano (ADA) at approximately $0.5548.

According to @WhiteHouse, a significant legislative effort to ease cryptocurrency taxation in the U.S. has hit a roadblock, as Senator Cynthia Lummis's amendment was not included in the major budget bill passed by the Senate. The proposed changes would have waived capital gains taxes on crypto transactions under $300 and altered the tax treatment of staking and mining rewards to be taxed only upon sale, a move highly anticipated by the industry to reduce perceived double taxation. The failure of this amendment means the current, more complex tax rules remain in effect, potentially impacting trader and investor sentiment. This legislative setback occurs as major cryptocurrencies show negative 24-hour performance, with the provided data showing ETHUSDT down 3.6%, ADAUSDT down 5.4%, and SOLUSDT down 4.7%. The bill now moves to the House of Representatives for further debate.

According to @FoxNews, the U.S. Senate has advanced a major budget bill without including a crypto-friendly tax provision from Senator Cynthia Lummis that aimed to waive capital gains taxes on small digital asset transactions. This development represents a setback for clearer crypto tax regulations in the U.S. Simultaneously, Senator Adam Schiff, despite being considered a crypto ally, has introduced the COIN Act to prohibit government officials like President Donald Trump from issuing or sponsoring cryptocurrencies, citing ethical concerns over potential self-enrichment. This highlights a complex political environment where even supporters of the industry are raising concerns that could complicate future legislation. Amid this legislative uncertainty, the crypto market is showing bearish signals. Current data reveals significant downturns for major altcoins, with Ethereum (ETH) falling approximately 3.17% to $2,408.78, Solana (SOL) dropping 4.18% to $147.78, and Cardano (ADA) declining 4.76% to $0.5441 over the past 24 hours.

According to @iampaulgrewal, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure legislation, a timeline confirmed by Senator Cynthia Lummis. While this signals progress, the analysis highlights significant flaws in the proposed stablecoin legislation, the GENIUS Act. The author warns that allowing issuers to choose from 55 different state and federal regulators could create a 'race to the bottom,' leading to lax oversight and systemic risk. The critique suggests these legislative flaws, such as redundant joint rulemakings and the exclusion of interest-bearing stablecoins, create uncertainty that could hamper innovation. To prevent market instability, the author advocates for designating a single regulator, like the Federal Reserve, for all stablecoins. This regulatory uncertainty unfolds as major assets like Ethereum (ETH), trading at $2,436.51, and Solana (SOL), at $148.48, experience minor declines.

According to @FoxNews, the U.S. crypto regulatory landscape is facing pivotal developments as Senator Tim Scott, Chairman of the Senate Banking Committee, announced a new September 30 deadline for completing the comprehensive crypto market structure legislation. This timeline, while later than President Trump's preference, provides a clearer path toward regulatory clarity and was endorsed by Senator Cynthia Lummis. However, political friction persists as Senator Adam Schiff introduced the COIN Act, which aims to prohibit senior government officials like President Trump from issuing or sponsoring digital assets, citing ethical concerns over potential self-enrichment. This move, supported by other Democrats, highlights a key risk that could complicate or delay the passage of broader crypto bills, despite Schiff's general support for the industry. These legislative efforts create a mixed outlook for traders, with the promise of a regulatory framework by fall being tempered by political divisions that could impact the final rules for assets like Ethereum (ETH), Cardano (ADA), and Solana (SOL).

According to the report, the U.S. Senate voted 68-30 to advance the GENIUS Act, which establishes regulatory standards for stablecoin issuers like USDC and USDT, potentially enhancing market stability and reducing volatility in crypto transactions. Senator Bill Hagerty argued that this bill strengthens the dollar's global reserve status, while Senator Elizabeth Warren criticized it for lacking safeguards against risky investments. The House is concurrently progressing with the Digital Asset Market Clarity Act, both seen as vital for comprehensive U.S. crypto oversight and investor confidence.

According to the source, the U.S. Senate voted 68-30 to advance the GENIUS Act, establishing regulatory standards for stablecoin issuers that could enhance market stability and boost trading volumes for assets like USDC and USDT, as cited by Senator Bill Hagerty who emphasized strengthening the dollar's reserve status. However, Senator Elizabeth Warren warned of financial system risks due to potential investments in volatile assets, which may influence crypto market volatility.

According to Crypto Rover, the US Senate has officially voted to pass the Genius Act, a landmark stablecoin crypto legislation. This regulatory breakthrough is expected to provide clear guidelines for stablecoin issuers and exchanges, significantly reducing legal uncertainty for key assets like USDT and USDC. Traders can anticipate increased institutional participation and potentially higher liquidity across major crypto pairs, as legal clarity often attracts more traditional finance capital into the digital asset space. This move also positions the US as a leader in global crypto regulation, which could impact the competitiveness of other jurisdictions. (Source: Crypto Rover, Twitter, June 18, 2025)

According to paulgrewal.eth, the Senate is being urged to move forward with debate and pass the FIT21 crypto regulation bill, as the House continues to develop this legislation. The tweet highlights that delays could negatively impact the US cryptocurrency market and investor confidence, with significant implications for regulatory clarity and trading conditions in America. Paul Grewal's call to action underscores the importance of timely policy reform to support market stability and attract institutional investment (source: paulgrewal.eth Twitter, May 6, 2025).