{"id":33532,"date":"2025-06-25T02:31:41","date_gmt":"2025-06-25T02:31:41","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33532"},"modified":"2025-06-25T02:31:41","modified_gmt":"2025-06-25T02:31:41","slug":"senate-hearing-on-crypto-market-structure-gets-low-turnout-raises-questions","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33532","title":{"rendered":"Senate Hearing on Crypto Market Structure Gets Low Turnout, Raises Questions"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">A Senate subcommittee hearing aimed at shaping the future of U.S. crypto regulation got off to a slow start on June 24, quite literally. Only five senators showed up. <\/span><span data-preserver-spaces=\"true\">The hearing, which was meant to cover digital asset market structure and regulatory clarity, drew more attention <\/span><span data-preserver-spaces=\"true\">for<\/span><span data-preserver-spaces=\"true\"> who wasn\u2019t in the room than <\/span><span data-preserver-spaces=\"true\">for<\/span><span data-preserver-spaces=\"true\"> what was actually discussed. The House vs Senate crypto bill divide became more obvious this week as the House pushed forward while a Senate hearing on crypto market structure drew just five senators.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Senators Cynthia Lummis, Bill Hagerty, Dave McCormick, Bernie Moreno, and Angela Alsobrooks were the only ones present out of eleven committee members. That didn\u2019t go unnoticed. Lummis opened by acknowledging the empty chairs and raised a fair point. If lawmakers are serious about building a legal framework for crypto, why aren\u2019t more of them making the time?<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Industry Experts Weigh In, But Who\u2019s Listening?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the low attendance, the panel of witnesses brought plenty of substance. Sarah Hammer from Wharton shared insights on financial stability and systemic risk. Greg Xethalis of Multicoin Capital spoke from the investment side. <\/span><span data-preserver-spaces=\"true\">Ryan VanGrack from Coinbase <\/span><span data-preserver-spaces=\"true\">laid out<\/span><span data-preserver-spaces=\"true\"> the company\u2019s view on regulatory gaps, and former CFTC Chair Rostin Behnam warned of the risks <\/span><span data-preserver-spaces=\"true\">tied to<\/span><span data-preserver-spaces=\"true\"> unclear rules and overlapping jurisdictions.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">SENATE CRYPTO HEARING SEES LOW ENGAGEMENT FROM LAWMAKERS<\/p>\n<p>Only 5 of 11 senators attended the Digital Assets Subcommittee\u2019s market structure hearing.<\/p>\n<p>Key discussions on bipartisan crypto legislation took place with half the committee absent.<\/p>\n<p>Absentee rate raises questions about\u2026<\/p>\n<p>&mdash; CryptoEdge (@EdGeraldX) <a href=\"https:\/\/twitter.com\/EdGeraldX\/status\/1937636539313357066?ref_src=twsrc%5Etfw\">June 24, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">There was no shortage of perspective. <\/span><span data-preserver-spaces=\"true\">Behnam <\/span><span data-preserver-spaces=\"true\">stressed<\/span><span data-preserver-spaces=\"true\"> the need for clarity on which agencies <\/span><span data-preserver-spaces=\"true\">oversee<\/span><span data-preserver-spaces=\"true\"> what.<\/span><span data-preserver-spaces=\"true\"> Hammer pushed for stronger investor protections. Coinbase focused on how regulatory fragmentation is creating uncertainty for both firms and users. Each had different priorities, but they all agreed on one thing: crypto needs a clear rulebook.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><strong>DISCOVER: <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 June2025<\/a><\/strong><\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Timing and Optics Matter<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The poor turnout felt even more awkward given the timing. Just days earlier, the Senate had passed stablecoin legislation with broad bipartisan support. That move showed that lawmakers can come together on digital asset issues when there is political will. But this hearing felt different. The lack of attendance gave the impression that crypto regulation, at least on the market structure front, is not being treated with the same urgency.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.11T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-685b5e5681179\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">Lummis hinted that scheduling conflicts may have played a role, but she also floated another possibility. <\/span><span data-preserver-spaces=\"true\">Some lawmakers, she suggested, may be hesitant to engage <\/span><span data-preserver-spaces=\"true\">because of<\/span><span data-preserver-spaces=\"true\"> personal or political ties to parts of the <\/span><span data-preserver-spaces=\"true\">crypto<\/span><span data-preserver-spaces=\"true\"> industry.<\/span><span data-preserver-spaces=\"true\"> That kind of hesitation could slow progress even as the House moves forward with its own legislation.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Pressure Builds as House Advances Its Own Bill<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">While the Senate is still debating how to approach crypto, the House has already made progress. The Digital Asset Market Structure bill is working its way toward a vote, and that means the Senate will eventually have to respond. The longer they wait, the more likely it becomes that the final legislation will be shaped by the House, not through a joint effort. In the ongoing House vs Senate debate, the House is moving forward while the Senate seems stuck.<\/span><\/p>\n<figure id=\"attachment_252383\" aria-describedby=\"caption-attachment-252383\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-252383\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/senate.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/senate.jpg 1000w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/senate-300x200.jpg 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/senate-768x512.jpg 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/senate-50x33.jpg 50w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/senate-350x233.jpg 350w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-252383\" class=\"wp-caption-text\">Source: Shutterstock<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Senators who <\/span><span data-preserver-spaces=\"true\">did attend<\/span><span data-preserver-spaces=\"true\"> the hearing focused on the need to clearly define what <\/span><span data-preserver-spaces=\"true\">counts as<\/span><span data-preserver-spaces=\"true\"> a digital commodity versus a digital security.<\/span><span data-preserver-spaces=\"true\"> They also raised concerns about giving too much power to any single regulator and made it clear they want to balance oversight with room for innovation.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Outlook for Crypto Legislation Still Uncertain<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">No decisions were made during the hearing, and the turnout didn\u2019t inspire confidence that anything <\/span><span data-preserver-spaces=\"true\">will<\/span><span data-preserver-spaces=\"true\"> happen quickly. Still, the groundwork is being laid. <\/span><span data-preserver-spaces=\"true\">Lawmakers are starting to agree on some <\/span><span data-preserver-spaces=\"true\">of the<\/span><span data-preserver-spaces=\"true\"> key issues, and the pressure to catch up to the House is <\/span><span data-preserver-spaces=\"true\">growing<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\"> The next few months will be telling. If the Senate can align on a bill that mirrors the House\u2019s momentum, the crypto industry could finally see the beginnings of a unified market framework. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If not, the status quo of confusion and regulatory patchwork will likely continue. The House vs Senate crypto bill situation is a test of whether Congress can coordinate on emerging technology policy or continue with fragmented oversight.<\/span><\/p>\n<p><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<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Only five senators attended the crypto market structure hearing, raising concerns about political will and engagement.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Witnesses from Coinbase, Multicoin Capital, and Wharton called for clearer regulatory roles and investor protections.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The Senate hearing followed recent progress on stablecoin legislation but lacked similar urgency or support.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Lawmakers who did attend stressed the need to define digital commodities vs. securities and avoid overcentralization.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        With the House advancing its own bill, the Senate risks falling behind unless it unites on crypto regulation soon.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/legal\/house-vs-senate-crypto-bill-senates-low-turnout-raises-doubts\/\">Senate Hearing on Crypto Market Structure Gets Low Turnout, Raises Questions<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Senate subcommittee hearing aimed at shaping the future of U.S. crypto regulation got off to a slow start on June 24, quite literally. Only five senators showed up. The hearing, which was meant to cover digital asset market structure and regulatory clarity, drew more attention for who wasn\u2019t in the room than for what [&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-33532","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\/33532","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=33532"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33532\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}