Seems bad for crypto's long-term prospects that it's becoming a partisan battleground. 

To those of you in the industry, what's the best way to overcome this? 

https://www.coindesk.com/news-analysis/2025/05/05/trumps-ties-make-cryptos-democrat-allies-stomp-brakes-on-bills

Reporter and writer. I cover energy, climate change and geopolitics. Contact me via my website www.alexanderckaufman.com and subscribe to kaufman.substack.com.

It will pass. Just normal political posturing / dealing. Way less controversial than the market structure bill.

Working on Farcaster and Warpcast. Longer thoughts at https://dwr.email

Are there any writers or reporters who you think do a good job of parsing the nuances of the politics of this stuff? I was looking at how polling numbers for Javier Milei have tanked since his crypto controversy, and I have wonder if there's lasting reputational damage from the $TRUMP coin fiasco.

I'll check out her work. You guys gotta get her on here!

@jbsdc had a nice breakdown on the other bill. Not sure if he's done something on this one

Full analysis coming shortly this afternoon. Here's a teaser:

TLDR:
The market structure draft is an incremental, albeit  meaningful, rewrite of FIT21 that tightens affiliate sale rules, replaces the idea of the SEC certifying decentralization with an ongoing “mature blockchain”

As promised, here’s my analysis on the new joint House Financial Services and House Agriculture Market Structure bill on crypto. This is the bill that will, finally, provide a clear regulatory regime on crypto that many have been calling for.

Thread.

Justin Slaughter

Former SEC/CFTC/House&Senate staffer. Now Policy@Paradigm. Perennial Optimist.

@jbsdc had a nice breakdown on the other bill. Not sure if he's done something on this one
https://x.com/JBSDC/status/1919509884426490179

Interesting that she is referring to it as a stablecoin here, likely for the association

The Trump family stablecoin surged to 7th largest in the world because of a shady crypto deal with the United Arab Emirates—a foreign government that will give them a crazy amount of money.

The Senate shouldn’t pass a crypto bill this week to facilitate this kind of corruption. https://t.co/4is9KgpXQb

Elizabeth Warren

Interesting that she is referring to it as a stablecoin here, likely for the association
https://x.com/SenWarren/status/1919135145849729282