A stablecoin bill stalled previously due to disagreements over state regulation authority. New efforts in 2025 may create a more flexible framework under a Republican-controlled Congress, offering states a greater say in stablecoin approvals. Discussions include aligning federal and state regulation to enhance stability and innovation.

FIT21 aims to enhance the Commodity Futures Trading Commission’s power over crypto markets, especially regarding Bitcoin. It seeks to streamline SEC and CFTC roles, focusing on decentralization disclosure. However, leadership changes in these agencies could impact the legislation’s progress and acceptance significantly.

As the Tax Cuts and Jobs Act nears expiration, Congress is bracing for significant crypto tax debates. Proposed measures include taxing staking rewards only upon sale. Additional focus includes clarity on digital asset custody and integration, mirroring efforts for a balanced approach between innovation and regulation.