NYDIG Warns U.S. Crypto Market Structure Bill Faces Stalled Passage if August Window is Missed

According to NYDIG on May 18, the U.S. crypto market structure bill may face significantly reduced chances of passage if it fails to make substantial progress before Congress adjourns in August. NYDIG warned that current bipartisan consensus on crypto regulation may be only a temporary window; if the bill stalls, lawmakers may shift focus to midterm elections, fiscal budgets, and partisan issues after Congress reconvenes.

The bill aims to establish a unified regulatory framework, including clarifying digital asset classification and defining SEC-CFTC boundaries. However, key disagreements on stablecoin regulation, DeFi oversight, consumer protection, and political conflicts are slowing negotiations. NYDIG noted that prolonged regulatory uncertainty is driving capital, talent, and innovation toward jurisdictions like the UAE, Singapore, and the EU.