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Crypto advocates have spent years building bipartisan support in Washington, and the strategy has produced concrete wins. The broker-rule repeal became the first crypto-specific law in the US, GENIUS established the first federal stablecoin statute, and a digital-asset tax bill cleared the House Ways and Means Committee 38–5. The next test is sustaining that progress through shifting elections and administrations.
Why it matters
The industry’s approach moved beyond fighting enforcement actions to educating lawmakers, briefing candidates from both parties and building policy institutions. The article’s author, Solana Policy Institute’s Colin McLaren, says that effort helped attract support across party lines: 18 Senate Democrats backed GENIUS, while 76 House Democrats supported repealing the broker rule.
The political outlook is less certain. A possible Democratic House majority could include moderates representing pro-business districts, alongside progressives more skeptical of financial services and new technology. In the Senate, neither party is expected to have a supermajority, limiting the scope for sweeping legislation while also making it harder to pass measures opposed by crypto advocates.
Market impact
Without a congressional market-structure framework, federal agencies are likely to carry much of the policy agenda through rulemaking and other actions. The SEC has issued its Regulation Crypto and innovation exemption, the CFTC has proposed a structure for trading crypto on regulated exchanges, and regulators have issued rules to implement GENIUS.
That leaves the durability of the current direction partly dependent on future agency leadership. The column argues that crypto groups should keep cultivating support across parties and start engaging prospective 2028 leaders early. For companies and investors, policy clarity will depend not just on individual bills, but on whether rules and relationships endure across election cycles.
Frequently asked questions
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What crypto policy wins does the column identify?
The broker-rule repeal became the first crypto-specific US law, GENIUS established the first federal stablecoin statute, and a digital-asset tax bill cleared Ways and Means 38–5.
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How did Democrats contribute to the legislation cited?
Eighteen Senate Democrats backed GENIUS, and 76 House Democrats supported repealing the broker rule, according to the column.
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Why could agencies shape crypto policy even if Congress changes?
Without a congressional market-structure framework, agencies such as the SEC and CFTC are expected to carry much of the agenda through rulemaking and other actions.
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What political forces could shape crypto legislation in a future House?
Moderate Democrats from pro-business districts could support crypto measures, while progressive lawmakers skeptical of financial services and new technology could push for more punitive regulation.
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Why does the column call for engagement before the 2028 election?
Future agency leaders could reshape policy without a market-structure framework in law. The column argues that early outreach can help build support across parties and administrations.
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