What Are the Expectations for US Crypto Policy When Congress Returns to Session?

As the US Congress prepares to return from recess, the spotlight is once again on cryptocurrency policy and regulation. With increasing pressure from both the crypto industry and financial watchdogs, many investors and stakeholders are asking: what comes next for US crypto regulation in 2025?

The answer may determine how the United States positions itself in the global digital asset economy, and whether the country fosters innovation or drives it offshore.

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1. Market Structure Legislation

One of the biggest priorities is clarifying the regulatory framework around digital assets. Congress has been debating whether the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC) should oversee different types of tokens.

Lawmakers may push forward a comprehensive market structure bill, aiming to define securities vs. commodities in crypto.

This could provide much-needed clarity for exchanges, DeFi platforms, and token issuers.

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1. Stablecoin Regulation

Stablecoins remain at the heart of the debate. With payment networks, fintechs, and even banks showing interest in issuing them, Congress is expected to prioritize:

Clear reserve requirements for stablecoin issuers.

Rules ensuring transparency, consumer protection, and interoperability with traditional finance.
This could open the door for US dollar-backed stablecoins to gain more legitimacy.

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1. Taxation and Reporting

Crypto taxation remains a gray area for many retail and institutional investors. Congress is likely to revisit:

Clarifying tax reporting rules for brokers and exchanges.

Addressing staking rewards taxation and NFT treatment.

Simplifying compliance for small investors to encourage participation.

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1. National Security and Consumer Protection

Lawmakers are also concerned about crypto’s role in illicit finance. Expect new discussions around:

Anti-money laundering (AML) rules tailored for DeFi.

Stronger consumer protection frameworks for retail investors.
Balancing innovation with security will remain a central challenge.

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Conclusion

When Congress returns to session, the expectations for US crypto policy are high. Market structure, stablecoins, taxation, and security will dominate the agenda. While it remains uncertain how quickly lawmakers can reach consensus, one thing is clear: the decisions made in Washington this year will shape the future of digital assets in America and beyond.