ChainCatcher news, U.S. Senator Cynthia Lummis stated today, "The U.S. Senate has taken a key step towards solidifying the dominance of the dollar by passing the bipartisan GENIUS Act. I look forward to working with my colleagues to advance comprehensive market structure legislation to protect consumer rights and ensure that the U.S. becomes the global cryptocurrency capital."

ChainCatcher news, according to Cointelegraph, members of the U.S. House Financial Services Committee are expected to hold a hearing on Tuesday to discuss a cryptocurrency market structure bill that may be amended to include protections for blockchain developers.According to a notice released prior to the hearing, Committee Chairman French Hill proposed amendments to the 2025 Digital Asset Market Transparency Act (the CLARITY Act). The amendment suggests that under this potential market structure, certain blockchain developers or service providers would not be considered money transmitters and would not be subject to its registration requirements. This provision regarding blockchain developers appears to stem from the Blockchain Regulatory Certainty Act, which was pushed by Congressman Tom Emmer and a group of bipartisan lawmakers in May. Many crypto industry advocacy groups, including the Blockchain Association, have called on lawmakers to merge these two bills.

According to ChainCatcher, a message from crypto journalist Eleanor Terrett reveals that a joint statement from eight major crypto industry associations is set to be released, with Uniswap and Jump Crypto also participating in the statement, expressing support for the inclusion of the Blockchain Regulatory Certainty Act (BRCA) in the latest version of the CLARITY Act.The eight major crypto policy organizations in Washington, D.C. issued a joint statement calling on Congress to include the Blockchain Regulatory Certainty Act (BRCA) in market structure legislation.These organizations include: DeFi Education Fund, Coin Center, Solana Policy Institute, The Digital Chamber, Blockchain Association, Crypto Council for Innovation, Bitcoin Policy Institute, and Paradigm.They stated that this amendment is crucial for protecting software developers and infrastructure providers who do not custody customer funds. The amendment was initially proposed by Tom Emmer and has now gained bipartisan support from Rep. Ritchie Torres and others. Many in the industry view it as a foundational policy safeguard for DeFi developers. The joint statement urges lawmakers to include the BRCA in the CLARITY Act, which is a House bill regarding the market structure for digital assets.

ChainCatcher news, crypto journalist Eleanor Terrett posted on social media X that next week will be a crucial week for crypto policy. On Monday, there will be a DeFi roundtable hosted by the SEC, and on Tuesday, the House will hold a nomination hearing on the crypto market structure bill (CLARITY Act).

ChainCatcher news, crypto reporter Eleanor Terrett stated that the Chairman of the House Financial Services Committee, French Hill, has scheduled the review date for the House cryptocurrency market structure bill for June 10.

ChainCatcher news, CryptoQuant founder Ki Young Ju pointed out that the Bitcoin market has shifted from a traditional whale and retail-dominated model to a more diversified structure. The participation of institutional investors such as ETFs and MicroStrategy, as well as government agencies, may render traditional market cycle theories no longer applicable. New sources of liquidity are changing market dynamics, and institutional capital inflows may offset the pressure from whale sell-offs. It is emphasized that the current market is in a transitional phase of absorbing new liquidity.

ChainCatcher message, according to analyst @ali_charts, who published an observation on Bitcoin market peak signals, "Retail frenzy is absent in this round of gains. Historical data shows that whenever Bitcoin's price reaches a cyclical peak, it is often accompanied by a surge in retail trading activity. However, in this upward wave from $70,000 to $110,000, this typical characteristic is notably missing—this abnormal situation is highly similar to the market structure at the end of the bull market in late 2021."

ChainCatcher news, according to Dennis Porter, co-founder of the Satoshi Action Fund, stated on social media that market structure legislation will provide a significant boost to BTC prices. He pointed out that once the relevant bill is signed into law, it will open the floodgates for capital inflow, and the scale of capital inflow will reach unprecedented levels.

ChainCatcher News, U.S. Senate Banking Committee Chairman Tim Scott recently stated that the cryptocurrency market structure bill is expected to be passed by August 2025. He noted that the committee has advanced key cryptocurrency regulatory issues, such as the "GENIUS Act," this March, reflecting the priority given to cryptocurrency policy. Scott emphasized that "innovation must come before regulation" to ensure the United States maintains its global economic leadership in the digital asset space. This timeline is also consistent with the expectations of Blockchain Association CEO Kristin Smith. Several Democratic lawmakers have also expressed support for market structure and stablecoin legislation, pointing out that there is broad bipartisan consensus in Congress on this issue.

ChainCatcher news, according to Cointelegraph, Cardano founder Charles Hoskinson stated that the next generation of cryptocurrency projects needs to adopt a more collaborative strategy to counter the large centralized tech companies that are entering the Web3 space.He pointed out that the cryptocurrency and DeFi sectors are often limited by a "circular economy," where the rise of one cryptocurrency often comes at the expense of capital flowing out of another token, hindering the growth of the entire industry. To effectively respond to the competition from centralized tech giants in the Web3 space, cryptocurrency projects need to build more collaborative token economics and market structures.Hoskinson mentioned that the current token economics and market structures in the cryptocurrency field are at odds with each other, and there needs to be a shift towards cooperative balance. Existing projects often sacrifice others for their own development, which is detrimental to industry progress and makes it difficult to fend off future entries from giants like Apple and Google. He anticipates that the U.S. market structure bill may pass before September, at which point the giants will flood in, and the cryptocurrency sector must build infrastructure to respond. To this end, Cardano is developing a multi-resource consensus protocol called Minotaur to unify payment block rewards.

ChainCatcher news, according to The Block, French Hill, chairman of the U.S. House Financial Services Committee, stated at the blockchain summit in Washington that a revised draft of the new cryptocurrency market structure bill will be announced in the coming days. This is an updated version of the "Financial Innovation and Technology for the 21st Century Act" (FIT21) that was passed by the House last year.The bill has not yet been formally introduced in this Congress, but it was passed in the House last year with the support of 71 Democratic lawmakers, including former Speaker Nancy Pelosi. Hill mentioned that the current draft has been adjusted based on various "technical opinions." The bill aims to grant the Commodity Futures Trading Commission (CFTC) more regulatory authority and funding to oversee the cryptocurrency spot market and "digital commodities," such as Bitcoin, and further clarify the role of the Securities and Exchange Commission (SEC).

ChainCatcher news, according to Cointelegraph, Blockchain Association CEO Kristin Smith stated at the 2025 Digital Assets Summit that U.S. lawmakers may pass legislation related to stablecoins and crypto market structure as early as August. Bo Hines, Executive Director of the President's Digital Asset Advisory Committee, also predicted that comprehensive stablecoin legislation would be introduced in the coming months.Democratic Congressman Ro Khanna stated at the summit on March 18 that he expects Congress to pass the bill in 2025, noting that about 70 to 80 Democrats support stablecoin legislation to promote the global use of the dollar and enhance U.S. influence.

ChainCatcher news, according to Cointelegraph, U.S. crypto-friendly Senator Cynthia Lummis stated at the first hearing of the Senate Banking Committee on Digital Assets yesterday: "We are about to establish a bipartisan legislative framework for stablecoins and market structure."

ChainCatcher news, according to CoinDesk, the U.S. Senate Banking Committee held its first hearing on digital assets, focusing on stablecoin legislation and Congress's role in future crypto regulation.The hearing was chaired by crypto-friendly Senator Cynthia Lummis, who stated that Congress is close to introducing a bipartisan framework for stablecoin and market structure legislation, but stablecoin regulation will be prioritized. Former CFTC Chairman Timothy Massad suggested that Congress should postpone market structure legislation for several years until the current regulatory frameworks of the SEC and CFTC are implemented and adjusted.Additionally, Senator Mark Warner expressed concerns about stablecoin KYC issues, pointing out that while issuers perform KYC, stablecoins do not undergo identity verification when circulating between wallets, which could be used for illegal activities. Lightspark Chief Legal Officer Jai Massari responded that blockchain can provide immutable on-chain records and suggested further development of tracking tools to balance privacy and compliance.

ChainCatcher news, according to CoinDesk, former Chairman of the Commodity Futures Trading Commission (CFTC) Timothy Massad has urged Congress to prioritize the establishment of a stablecoin regulatory framework and to postpone discussions on cryptocurrency market structure legislation for several years. He believes that the currently proposed market structure plans may exacerbate regulatory confusion rather than provide clear guidance.

ChainCatcher news, according to The Block, Bernstein reiterated its $200,000 Bitcoin price target, believing there are potential buying opportunities in the current price adjustment. Their research report describes the current price pullback as "another opportunity to participate in this cycle" and reaffirms their bullish stance on the Bitcoin market structure.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan questioned the sustainability of Bitcoin's four-year cycle in a letter to clients, stating that recent policy changes in the U.S. could extend the current bull market into 2026 and beyond.Matt Hougan believes that with the influx of institutional investors and the maturation of market structure, Bitcoin's price volatility and cyclicality will become more stable, no longer significantly affected by halving events. The Bitcoin market is entering a new phase dominated by macroeconomic factors and long-term investment strategies. As the crypto market evolves, traditional market cycles may no longer apply, marking a shift towards broader institutional integration and sustained investor interest.