Bipartisan Support Grows for U.S. Crypto Market Structure Bill

Bipartisan support for the U.S. crypto market structure bill has been steadily growing, with key lawmakers and political figures rallying behind the legislation. Representative French Hill recently stated that there is “strong bipartisan support” for the crypto market structure bill currently under discussion in Congress. His remarks suggest that lawmakers on both sides of the aisle are recognizing the need for comprehensive rules governing digital assets.

One of the key challenges in regulating cryptocurrencies has been the political divide over how to approach innovation versus investor protection. However, Hill’s comments highlight a shift: more Democrats and Republicans are finding common ground on the need for a clear framework. This bill aims to define the roles of regulatory agencies like the SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission), helping clarify whether tokens are securities or commodities. That clarity could reduce legal uncertainty, which has long been a barrier for both startups and institutional players in the U.S.

The bipartisan support signals that Congress is serious about fostering innovation while protecting consumers. The bill is expected to include guidelines that encourage responsible blockchain development, improve market transparency, and ensure that U.S.-based crypto companies are not pushed offshore due to regulatory ambiguity. Hill, who chairs the House Financial Services Subcommittee on Digital Assets, emphasized that the legislation could pass this year if momentum continues. This would mark a significant step in legitimizing and stabilizing the crypto ecosystem in the United States.

However, the path to its passage has not been smooth. Most Democrats oppose banning a Central Bank Digital Currency (CBDC), a government-issued digital dollar that conservatives have been pushing for. This opposition has led to a stalemate, with lawmakers struggling to overcome party divisions. The GENIUS Act, which targets stablecoin regulation, is likely to pass the House, given the bipartisan support it received when it cleared two committees. However, its path in the Senate remains uncertain. The House GOP crypto bill is at risk of losing Democratic support, as 71 Democrats backed a similar proposal last year, a high water mark that is proving difficult to match.

The deadlock in the House has been exacerbated by the entanglement of defense funding with digital asset and anti-CBDC legislation. Lawmakers remained deadlocked in a procedural vote on a legislative package including the fiscal 2026 defense appropriations bill and three major crypto-related measures — the Clarity Act, the GENIUS Act, and the Anti-CBDC bill. The vote has stayed open for more than four hours since the House adopted a motion to reconsider the rule, following its Tuesday failure.

The internal GOP rift over anti-CBDC provisions has also contributed to the stalemate. After meeting with President Trump, some of the 12 Republicans changed their votes to support the measure, hoping for anti-CBDC provisions to be included in the Clarity Act. However, the Clarity Act’s authors — Reps. French Hill, Bryan Steil, and GT Thompson — have shown strong resistance to modifying the bill. They warn that including anti-CBDC language or merging it with GENIUS could jeopardize the bipartisan coalition supporting the Clarity Act.

Despite these challenges, President Trump has been actively pushing for the GENIUS Act’s passage, including hosting a closed-door meeting with House Republicans. His efforts have helped to convince some Republican lawmakers who pulled support from the three crypto bills to vote in favor when the House meets again. The House has the votes to advance three bills related to crypto, including the GENIUS Act, the Anti-CBDC bill, and the Clarity Act. The Anti-CBDC bill, introduced by Rep. Tom Emmer, aims to block the Federal Reserve from issuing a CBDC, and it is gaining bipartisan support.