{"id":29522,"date":"2025-05-30T18:17:32","date_gmt":"2025-05-30T18:17:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29522"},"modified":"2025-05-30T18:17:32","modified_gmt":"2025-05-30T18:17:32","slug":"why-is-crypto-crashing-everything-to-know-about-new-congress-market-bill","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29522","title":{"rendered":"Why Is Crypto Crashing? Everything to Know About New Congress Market Bill"},"content":{"rendered":"<div>\n<p>Why is crypto crashing? One reason is that the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener\">regulatory turf war<\/a> over crypto might finally be nearing a conclusion, and it\u2019s not all good news.<\/p>\n<p>A new bill\u2014called the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">CLARITY Act<\/a>\u2014has landed in Congress, proposing to wrest oversight of digital assets away from the SEC and hand it to the CFTC.<\/p>\n<p>If passed, the legislation could redraw the map for how crypto is governed in the U.S. and finally give developers, exchanges, and investors the rules they\u2019ve been asking for. But many aren\u2019t putting faith in a Congress whose approval rating is at a record low.<\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"\">\n<div class=\"cpp-chart-header\"><span class=\"cpp-chart-price\"><\/span><span class=\"cpp-chart-change\"><\/span><\/div>\n<p><canvas id=\"cpp-chart-6839f3eacfc61\" class=\"cpp-chart-container\"><\/canvas><\/p>\n<div class=\"cpp-chart-selectors\"><button class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/button><button class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/button><button class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/button><button class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/button><button class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/button><\/div>\n<\/div>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2 class=\"font-semibold pdf-heading-class-replace text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Why is Crypto Crashing? A Bold Move to Redefine Crypto Oversight<\/h2>\n<p>Congress? The same Congress that had done absolutely nothing for decades. Whose approval rating is at record low. That Congress? Well, um, yes!<\/p>\n<p>The CLARITY Act cuts through years of bureaucratic fog with one blunt proposal: treat most digital assets as commodities, not securities. That means shrinking <a class=\"general-link\" title=\"JD Vance Declares War on Anti-Crypto Bureaucracy at Bitcoin 2025\" href=\"https:\/\/99bitcoins.com\/coinbrief\/bitcoin\/jd-vance-declares-war-on-anti-crypto-bureaucracy-at-bitcoin-2025\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">the SEC\u2019s reach<\/a> and putting the Commodity Futures Trading Commission in the driver\u2019s seat.<\/p>\n<p>Rep. Bryan Steil, who chairs the House Financial Services Subcommittee, says it\u2019s a move aimed at keeping the U.S. ahead in the global crypto race.<\/p>\n<blockquote>\n<p><strong class=\"font-semibold\">\u201cOur bill secures American dominance, democratizes digital assets, unleashes innovation, and protects consumers from fraud,\u201d<\/strong>\u00a0Steil stated.<\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ICYMI: The CLARITY Act has been introduced to finally establish clear rules for crypto<a href=\"https:\/\/twitter.com\/RepFrenchHill?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@RepFrenchHill<\/a> of Arkansas is leading the charge on what could be the most important crypto legislation we&#8217;ve ever seen in this country. He&#8217;s joined by a bipartisan group of co-sponsors\u2026 <a href=\"https:\/\/t.co\/07yXUAZW1J\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/07yXUAZW1J<\/a><\/p>\n<p>\u2014 Max Avery (@realMaxAvery) <a href=\"https:\/\/twitter.com\/realMaxAvery\/status\/1928182748243488786?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 29, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-start=\"892\" data-end=\"1142\">That redefinition would give clear cover to major digital assets like BTC, ETH, SOL, and DOGE, which have long operated in legal gray zones.<\/p>\n<p data-start=\"1144\" data-end=\"1354\">The bill\u2019s political support <a class=\"general-link\" href=\"https:\/\/www.congress.gov\/bill\/118th-congress\/house-bill\/6307\" target=\"_blank\" rel=\"noopener nofollow\">cuts across party lines<\/a>, with Democrats Angie Craig, Ritchie Torres, and Don Davis signing on. In a divided Congress, that kind of coalition doesn\u2019t form unless the stakes are real.<\/p>\n<p data-start=\"1356\" data-end=\"1461\">\u201cThis is about keeping the U.S. in the game,\u201d said Rep. Dusty Johnson. \u201cWithout clarity, we fall behind.\u201d<\/p>\n<p data-start=\"1356\" data-end=\"1461\"><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<h2 class=\"font-semibold pdf-heading-class-replace text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Provisions That Change the Game<\/h2>\n<p>The bill defines most crypto assets as \u201cdigital commodities,\u201d including governance tokens like WLFI, issued by World Liberty Financial. It also sketches out a new category\u2014\u201cmature blockchain systems\u201d\u2014for networks that are open-source, decentralized, and cap individual ownership.<\/p>\n<p>Exchanges will have a choice to register with the CFTC if they trade digital commodities, or stay under SEC scrutiny if dealing in securities. The CFTC would also get sole jurisdiction over spot markets under the bill.<\/p>\n<h2 class=\"font-semibold pdf-heading-class-replace text-body leading-[24px] pt-[12px] pb-[2px] [&amp;_a]:underline-offset-[6px] [&amp;_.underline]:underline-offset-[6px]\">Why is Crypto Crashing? What This Means for the Crypto Industry<\/h2>\n<p><iframe loading=\"lazy\" title=\"Donald Trump Just Changed Everything For Crypto\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/6b4RrzEz6mc?list=PLU52pNodXIGcjlOa-ho4VRm19eTyvytCL\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">By shifting authority from the SEC to the more hands-off CFTC, the CLARITY Act could lower the barrier for entry in crypto\u2014less red tape, more room to build.<\/p>\n<p class=\"text-body font-regular leading-[24px] pt-[9px] pb-[2px]\">Projects like Ethereum and Solana may gain traction as developers and investors finally get regulatory breathing room. DeFi platforms and wallets would also be exempt from SEC interference, a clear win for the open-source crowd.<\/p>\n<p>But don\u2019t bet on a smooth ride. This is Congress we\u2019re talking about and Trump\u2019s pushing for an ambitious August deadline for crypto regulation.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/xrp-price-jumps-11-after-sec-crypto-unit-tease-xrp-etf-progress\/\" target=\"_blank\" rel=\"noopener\">XRP Price Jumps 11% After SEC Crypto Unit Tease XRP ETF Progress<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Why is crypto crashing? One reason is that the <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener\">regulatory turf war<\/a> over crypto might finally be nearing a conclusion, and it\u2019s not all good news.     <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        By shifting authority from the SEC to the more hands-off CFTC, the CLARITY Act could lower the barrier for entry in crypto.     <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/why-is-crypto-crashing-everything-to-know-about-new-bill\/\">Why Is Crypto Crashing? Everything to Know About New Congress Market Bill<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why is crypto crashing? One reason is that the regulatory turf war over crypto might finally be nearing a conclusion, and it\u2019s not all good news. A new bill\u2014called the CLARITY Act\u2014has landed in Congress, proposing to wrest oversight of digital assets away from the SEC and hand it to the CFTC. If passed, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29522","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29522"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29522\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}