A significant development is brewing in the U.S. regulatory landscape. The Senate is set to vote on a major crypto market structure bill in the coming week—a decision that could fundamentally reshape how digital assets are treated under U.S. law. The direction of this legislation matters enormously for the entire industry. Depending on how lawmakers approach the regulatory framework, we could see clearer rules for exchanges, cleaner pathways for asset classification, or stricter compliance requirements. The outcome will likely ripple across global markets, influencing how projects structure themselves and how institutional players approach the space. This is one of those moments where policy decisions in Washington have real consequences for what happens on-chain and in trading venues worldwide.