U.S. Congress Races to Finalize Crypto Law Before August Recess

Congress prepares draft crypto bill by August as rifts grow over applying Howey Test to digital assets Coinbase, a16z, and SEC leaders push opposing frameworks for U.S. crypto regulation under new bill Decentralization, investment contracts, and ancillary asset models fuel market structure dispute Divisions within the digital asset industry are creating uncertainty as the U.S. Congress aims to introduce a crypto market structure bill before its August recess. Despite months of industry proposals to policymakers, a lack of consensus on key regulatory frameworks now threatens to complicate the legislative process. Insiders have developed multiple pathways to regulate crypto, ranging from slight tweaks of existing securities laws to those which take the majority of the industry out of the SEC’s jurisdiction. The most popular theories utilize interpretations of the Howey Test and how it… — Laura Shin (@laurashin) May 2, 2025 Howey Test Applicability Remains Central Point of Debate A core disagreement centers on the applicability of the Howey Test—a legal standard from 1946 used to define securities—to digital assets. The Securities and Exchange C… The post U.S. Congress Races to Finalize Crypto Law Before August Recess appeared first on Coin Edition .

Source: Coin Edition