Senate Republicans are in danger of blowing President Trump’s crypto momentum just as it starts to break through.
They face a stark choice: push forward market structure legislation and keep Trump’s pledge to make America the crypto capital of the world on track, or let internal disputes kill the bill and hand Democrats a political win at Trump’s expense.
Market structure reform is a core pillar of Trump’s economic agenda. After the passage of the GENIUS Act, lawmakers were expected to move quickly on clear rules governing digital assets. That framework is designed to give innovators certainty, fuel American innovation, and expand financial opportunity and independence for everyday Americans through digital assets.
House Republicans have made clear the GENIUS Act was never intended to stand alone. Supporters argue that without broader market structure legislation, the law cannot be fully implemented and risks falling short of its goals.
House Financial Services Chair Rep. French Hill underscored that point, warning that the GENIUS Act and market structure legislation are inseparable.