Rep. French Hill, chairman of the House Financial Services Committee, confirmed today that there is strong bipartisan support for a U.S. crypto market structure bill. He emphasized that the House now has the necessary votes to advance key legislation on digital assets under the Commodity Futures Trading Commission.
Crypto Week momentum builds
Initially part of a trio including the GENIUS Act and CLARITY Act, the market structure bill stalled on procedural hurdles earlier this week. Despite that, both parties are rallying behind the legislation, and House leaders now expect a successful vote soon. President Trump has actively supported the effort, encouraging lawmakers to back the measures and restore momentum.
What the bill aims to achieve
The market structure bill seeks to establish clear oversight for BTC and ETH trading under federal authorities. The bill is designed to integrate digital assets into the traditional financial system while ensuring regulatory transparency, consumer protection, and preventing the emergence of unregulated shadow banking activities.
Institutional impact and market reaction
Traders and investors are closely monitoring these developments. Following the collapse of the first procedural vote, BTC prices briefly declined before stabilizing as support for the bill grew. A positive legislative outcome could drive greater institutional participation, especially in stablecoins, DeFi, and blockchain applications.
Road ahead
Rep. Hill noted that the House is coordinating the timing and sequencing of votes. The expectation is that procedural votes will resume imminently. Consensus around the market structure bill paves the way for consideration of related bills, including those addressing stablecoin regulation and CBDC bans.
