Daily Crypto Briefs 
Washington, D.C.
A quote about Trump signing a “crypto market structure bill this year” is ripping through crypto feeds.
Let’s talk about what the bill actually changes, and why Bitcoin still looks weak on the chart.
I pulled the transcript, and here is what we think.
Trump’s promise is real, the timing is the fight
The cleanest source is the official transcript of Trump’s GENIUS Act signing remarks, where he says he is committed to signing “landmark crypto market structure legislation” this year and repeats the “crypto capital of the world” framing Remarks on July 18, 202.
That matters for headlines. It also matters for investors who need to know if Washington plans to stop regulating crypto through lawsuits.
Now the reality check.
Even with momentum earlier this year, reporting says the Senate is pushing the market structure track into 2026 Senate punts crypto market structure bill to next year. That is the difference between a promise and a catalyst.
What a crypto market structure bill would change
“Market structure” sounds abstract. In plain English, it answers two questions.
Who is the main cop, the SEC or the CFTC. What rules exchanges must follow to list, trade, and custody tokens.
The bill at the center of this debate is the CLARITY Act, which aims to draw clearer lines on when a token trades like a security versus a commodity and how platforms register H.R. 3633 on Congress.gov.
Here is why funds care.
A pension fund does not want vibes. It wants rules it can show auditors. If a token can flip from “commodity” to “security” mid-cycle, liquidity gets messy fast. Listings get pulled. Market makers back away. Spreads widen.
A market structure bill does not pump BTC by itself. It lowers the “policy discount rate” large allocators apply to the whole sector.
Bitcoin is down because markets trade liquidity, not speeches
Bitcoin can rally on regulatory clarity over months. It can still drop on a Tuesday because global risk gets hit.
This week’s tape is a clean example. Bitcoin dipped below $90,000 during a risk-off stretch Bitcoin dips below $90,000 as worries dent risk appetite.
Crypto also carries leverage. When price slips through key levels, forced selling can show up fast. That selling does not ask if a bill might pass next quarter.
So the contrast is not a contradiction. It is the market separating long-term rules from short-term flows.
Tariffs drama and weak data are feeding the rate-cut narrative
Two macro threads are sitting on top of crypto.
First, a Supreme Court tariffs case that could reshape how much power a president has to set trade policy. The details are legal, but the market takeaway is simple: tariff uncertainty can hit growth expectations and inflation expectations at the same time Supreme Court case on presidential power and tariffs.
Primary sources and further reading
| Source | Title |
|---|---|
| | White House fact sheet on the GENIUS Act signing |
| | BLS Employment Situation archive |
| | FOMC press conference hub (Dec 2025 meeting) |
| | Oyez case page on the tariffs dispute |
Fact-checked by: Daily Crypto Briefs
Frequently Asked Questions
What is a crypto market structure bill?
It’s a law that sets clear rules for who regulates crypto, how tokens get classified, and how exchanges and brokers register and operate.
Is the CLARITY Act already law?
No. It passed the House, but it still needs Senate approval and the President’s signature.
Why is Bitcoin down if Washington sounds bullish on crypto?
Markets trade liquidity and risk. Rate expectations, economic data, and leverage unwinds can overpower good regulatory headlines in the short term.
What would change first if market structure passes?
Expect clearer SEC vs CFTC lines, cleaner exchange registration paths, and more comfort for large firms that need compliance certainty.