Brutkey

In Congress The high is wearing off from the passage of the GENIUS stablecoin bill, and the cryptocurrency industry is anxious about the prospects of a market structure bill becoming law before midterm campaigns capture Congressmembers’ attention, possibly threatening Republicans’ trifecta in 2026. Blockchain Association CEO Summer Mersinger (a former CFTC Commissioner under Biden) told Semafor, “It’s so wonderful to have a pro-crypto administration, but that is something that could be overturned with the new administration. What we want is a permanent framework.” Banking regulation professor Todd Phillips explained, “They have to get a bill across the finish line soon, or it’s not going to happen. And since Senate Banking and Senate Ag don’t seem to be talking right now, Senate Banking and House Financial Services are on different pages, and the 2026 election is right around the corner, my money is on it not happening.”11
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In Congress The high is wearing off from the passage of the GENIUS stablecoin bill, and the cryptocurrency industry is anxious about the prospects of a market structure bill becoming law before midterm campaigns capture Congressmembers’ attention, possibly threatening Republicans’ trifecta in 2026. Blockchain Association CEO Summer Mersinger (a former CFTC Commissioner under Biden) told Semafor, “It’s so wonderful to have a pro-crypto administration, but that is something that could be overturned with the new administration. What we want is a permanent framework.” Banking regulation professor Todd Phillips explained, “They have to get a bill across the finish line soon, or it’s not going to happen. And since Senate Banking and Senate Ag don’t seem to be talking right now, Senate Banking and House Financial Services are on different pages, and the 2026 election is right around the corner, my money is on it not happening.”11
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