According to @FoxNews, U.S. Senator Tim Scott, Chairman of the Senate Banking Committee, has set a new deadline of September 30 for completing the crypto market structure legislation. This timeline was reportedly endorsed by a White House crypto adviser but faces potential delays from the House of Representatives due to disagreements over a separate stablecoin bill. In a significant development for traders and investors, a separate effort by Senator Cynthia Lummis to include a crypto tax provision in a major budget bill has failed. The proposed amendment, which would have waived capital gains taxes on small-scale crypto transactions, was not included in the bill passed by the Senate. This setback means that any crypto tax reforms must now be pursued through standalone legislation, leaving the current tax rules in place for the foreseeable future. The provided market data shows ETH trading at $2600.18, a 24-hour increase of 6.22%, indicating market resilience amidst the legislative uncertainty.

According to @FoxNews, a significant crypto 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 would have been highly beneficial for crypto traders and investors by waiving capital gains taxes on transactions under $300 and altering the tax treatment for staking and mining rewards. Under the proposal, rewards from staking, mining, airdrops, and forks would only be taxed upon sale, rather than upon both acquisition and sale as under current law. The failure of this amendment to be included means that the current, more burdensome tax regulations remain in place for now, a key consideration for traders calculating profits and for individuals participating in staking. The broader budget bill now moves to the House of Representatives for another vote, but this specific pro-crypto tax measure has suffered a major setback.

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 Crypto Rover, the Arizona Strategic Bitcoin Reserve Bill has successfully passed the Committee of the Whole and is now only one vote away from making Arizona the first state to formally establish a Bitcoin reserve. This legislative development is significant for traders as it signals potential government endorsement and increased institutional adoption of Bitcoin, which could influence market dynamics and investor sentiment.

According to Tom Emmer, the STABLE Act is crucial for maintaining the U.S. dollar's dominance in global transactions, which is significant for cryptocurrency markets as it reinforces the dollar's role in stablecoin backing. This legislation, supported by Representatives Bryan Steil and French Hill, aims to regulate stablecoins, ensuring they are backed by the dollar, thus potentially impacting crypto trading by providing stability and trust in dollar-pegged digital assets.

According to Jake Chervinsky, the House Financial Services Committee is reviewing the STABLE Act, which aims to regulate stablecoins, viewed as a significant enhancement for the U.S. dollar and global payment systems. This legislative move is considered a substantial win for Congress, the cryptocurrency sector, and the U.S. economy. The implications for trading involve increased regulatory clarity, which could enhance market stability and investor confidence. Source: Jake Chervinsky on Twitter.

According to Paul Grewal (@iampaulgrewal), clear legislation is essential for the cryptocurrency market as it provides a defined regulatory framework that benefits all stakeholders, whether they support or oppose crypto. This clarity can reduce trading uncertainties and enhance market stability, essential for traders making informed decisions.

According to Eleanor Terrett, Rep. French Hill discussed the industry's push for legislative provisions allowing consumers to earn interest on stablecoins. Hill indicated that there is no consensus among lawmakers on this issue, which may affect the inclusion of such provisions in upcoming bills.

According to Crypto Rover, Texas Democrats have introduced a bill that proposes the state purchase $250 million worth of Bitcoin, marking it as the first state to consider creating a Bitcoin reserve. This move could potentially influence Bitcoin's market dynamics and attract similar actions from other states. Traders should monitor legislative developments and market reactions closely.

According to Eleanor Terrett, the Senate and House are considering distinct stablecoin bills, known as STABLE and GENIUS, which could impact the regulatory landscape for cryptocurrency trading. The Senate's STABLE bill is scheduled for a committee markup on Wednesday at 10 AM, providing an opportunity for amendments and detailed scrutiny. Meanwhile, the House's GENIUS bill has already passed out of committee as of March 13 and is awaiting floor time in the Senate. This legislative activity is crucial for traders as it could influence market stability and operational frameworks for stablecoin issuers. Meetings regarding both bills are ongoing, indicating active legislative interest. Source: Eleanor Terrett on Twitter.

According to Crypto Rover, North Carolina has introduced bills that would permit the inclusion of cryptocurrency investments in pension funds. This legislative move could potentially increase demand for cryptocurrencies as institutional investors gain new avenues for investment. Traders should monitor this development as it may signal increased adoption and market entry by large financial entities. Source: Crypto Rover on Twitter.

According to Crypto Rover, Arizona's strategic Bitcoin Reserve Bill is only one vote away from approval, potentially making it the first state in the U.S. to establish a state-sponsored Bitcoin reserve. This development could influence Bitcoin's market dynamics by increasing institutional adoption and setting a precedent for other states to follow. Traders should monitor the legislative outcome closely as it may impact Bitcoin's demand and price volatility.

According to Mark Cuban, effective cryptocurrency regulation should focus on legislation rather than litigation, suggesting this approach is more appropriate for the SEC's operations as well. This perspective emphasizes the importance of clear regulatory frameworks for traders and investors in the crypto markets. Cuban's statement highlights a preference for proactive legal measures that can provide stability and predictability in trading environments, potentially reducing regulatory risks associated with unclear or punitive actions. (Source: Mark Cuban's Twitter)

According to @GOPMajorityWhip, there is a strong belief that 'The Bitcoin Act' will be enacted before the current Congress concludes, aiming to establish a U.S. Strategic Bitcoin Reserve. This legislative move could significantly impact Bitcoin's market dynamics and investor sentiment, as reported by Michael Saylor (@saylor) on March 19, 2025.

According to Crypto Rover, two Arizona bills proposing the creation of a Bitcoin strategic reserve have passed committee, potentially making Arizona the first state to purchase Bitcoin. This development could significantly impact Bitcoin's market value and trading strategies, as it represents a major institutional adoption move.

According to Gordon (@AltcoinGordon), North Carolina has introduced a new Bitcoin reserve bill that permits the state treasurer to allocate up to 10% of public funds into Bitcoin. This legislative move could significantly impact Bitcoin's demand and price, given the substantial volume of public funds involved.

According to Jake Chervinsky, the US House of Representatives has overturned the Biden administration's DeFi broker rule, which would have required non-custodial software providers to implement KYC measures. The House vote was 292-131, following a Senate vote of 70-27 last week. This decision marks a significant victory for the crypto industry, with 94 Congressional Democrats supporting the overturn.

According to Crypto Rover, U.S. Congressman Nick Begich is set to introduce legislation today aimed at establishing a strategic Bitcoin reserve, with the goal of purchasing 1 million BTC. This move could significantly impact Bitcoin's market dynamics and investor sentiment.

According to Crypto Rover, the Utah House has passed a bill that blocks state investments in cryptocurrencies but ensures the protection of digital asset use for institutions. This legislative move could influence the trading landscape by potentially limiting public sector exposure to crypto volatility while maintaining institutional access to digital assets.

According to Crypto Rover, Senator Lummis has announced her intention to pass the Bitcoin Act, aiming to purchase 1 million Bitcoin. This legislative move could significantly impact Bitcoin's market value and trading dynamics.