White House Urges Passage of Crypto Market Structure Bill by July 4

The White House has intensified pressure on Congress to finalize the crypto market structure bill before July 4. The bill, which aims to establish clearer definitions for digital assets under federal law and divide oversight responsibilities between the SEC and CFTC, advanced through Senate discussions after bipartisan committee support.

The legislation would also protect self-custody rights and digital asset transactions for American users. White House officials have increased coordination efforts with lawmakers and regulators to finalize key provisions, citing steady progress toward the deadline.

Senate Banking Committee members approved H.R. 3633 in a bipartisan vote held in May, moving it toward the Senate floor. The crypto market structure bill remains central to Washington's digital asset regulatory agenda, with lawmakers addressing stablecoin rules and AML standards during negotiations.