TheBlock
The crypto market-structure bill faces what is likely its final procedural test this week, as lawmakers race to resolve a conflict-of-interest carve-out for President Trump before the legislation can reach his desk.
Rep. William Timmons told The Block the bill is "one of the president's top priorities" and a bipartisan effort in Congress. A Thursday afternoon meeting is slated to bring together Trump, Republican Sens. Bernie Moreno and Cynthia Lummis, White House crypto adviser Patrick Witt, and White House Chief of Staff Susie Wiles to nail down language on Trump's crypto holdings and associated ventures.
Why it matters
The carve-out language has been the bill's single biggest unresolved item. Without an ethics provision that satisfies both chambers, the bill stalls, and the legislative window for stablecoin and market-structure rules closes for the year. Lummis and Moreno have been the public face of the negotiation; bringing in Witt and Wiles signals the administration is treating this as a sign-off meeting, not another working session.
Market impact
A resolved bill is bullish for compliant US stablecoin issuers and any venue positioning for a federally defined market-structure regime. A failure this week pushes the timeline into next session and reintroduces election-year uncertainty around the rules of the road for crypto in the US.
Frequently asked questions
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Who is Rep. William Timmons and what role is he playing?
Timmons is the lawmaker who told The Block the bill is one of the president's top priorities and a bipartisan effort in Congress, helping frame the political weight behind the push.
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