Senate Judiciary Leaders Raise Fresh Objections to Crypto Bill’s Developer Exemption
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The administration is promoting a pro‑crypto agenda—highlighting stablecoin legislation and coordinated SEC–CFTC work—to assert U.S. leadership in digital assets. But persistent prosecutions of protocol authors, intercommittee objections to developer exemptions and a pulled markup on key bills have created a gap between policy intent and enforcement reality that may push builders and capital abroad.

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SEC and CFTC Leaders Present Unified Front to Reduce Crypto Regulatory Friction
The chairs of the SEC and CFTC staged a public joint session to signal coordinated oversight and a push for consistent definitions and procedures while Congress wrestles with market‑structure legislation. The alignment eases short‑term compliance uncertainty, but stalled markups, industry withdrawals and continuing enforcement actions mean durable clarity depends on statute drafting, confirmations and subsequent rulemaking.

Senate Crypto Bill Sends Bitcoin Prices Sliding; Market Sentiment Frays
A procedural step in a Senate committee tied to federal crypto legislation set off a sharp market reaction, knocking Bitcoin from near $90,000 to about $84,000 and pulling major altcoins lower. The move came amid thin liquidity, recent ETF outflows and other geopolitical and policy noise that likely amplified liquidations and algorithmic selling.