Congress
State of Crypto: What's In the New Crypto Market Structure Draft?
The Senate Agriculture Committee released a draft text for its version of market structure legislation.

Prediction Markets Say U.S. Government Shutdown Days From Ending as Health Care Fight Looms
Polymarket traders see a 96% chance the record-long shutdown ends by mid-November, as the Senate passes a deal and pressure mounts on House Republicans to act.

55 Years of Financial Surveillance
Reform needs to happen before the Bank Secrecy Act gets to celebrate its next big milestone, argues Nicholas Anthony, a policy analyst at the Cato Institute.

Polymarket Bettors Say U.S. Government Shutdown Will be Long But Won't Break Records
Bettors predict it will last longer than Oct. 15, but won't break the record set by the first Trump administration in 2018-2019.

Is Binance Cutting Deals with Team Trump? That's What Senate Democrats Are Asking
Senator Elizabeth Warren and colleagues asked the attorney general what's up with Binance and reports of U.S. talks over its enforcement compliance.

The GENIUS Act Is Already Law. Banks Shouldn't Try to Rewrite It Now
Legacy financial firms should embrace competition, not try to kneecap emerging players through anti-innovation regulations, Blockchain Association CEO Summer K. Mersinger argues.

The GENIUS Act Won't Save the Dollar
U.S. stablecoin regulations will fuel local alternatives, not dollar dominance, Central Chain co-founder Ian Estrada argues.

Legislation Steering U.S. Fate of Crypto Emerges in New Version in Senate
Lawmakers in the Senate Banking Committee have a new draft of the crypto market structure bill that would establish U.S. regulations for crypto trading.

Trump’s Crypto ‘Conflicts of Interest’ Are ‘Blocking’ Dem Legislation Support, Top Lawmaker Says
A provision addressing conflicts of interest would likely bolster Dem support for crypto market structure legislation, Angie Craig said.

The Node: The Mad Journey from Terra to GENIUS
It’s bonkers to see how much the industry has changed since our annus horribilis of 2022. Perhaps a recap wouldn’t be amiss.
