Deadline for Crypto Law Don Come Before 2026 Midterm Elections
Senate Banking Committee Republican Senator Thom Tillis don warn say Congress must finalise important crypto legislation before dem 2026 early midterm elections, else dem go face more delay because of political gridlock. Polarisation and di ongoing government shutdown don stall di Market Structure Framework and CLARITY Act wey House done pass, and now waiting Senate action. Senate Republicans dey try extend these efforts under di Responsible Financial Innovation Act. Representative Ro Khanna don ask make dem ban trading by President Trump, him family, and lawmakers cos of conflict of interest issues, but Khanna own trading record don also get question. Di regulatory matter sef dey complicated because Michael Selig nomination to lead CFTC never confirm. Traders suppose dey watch legislative calendar well, cos if dem no secure crypto law, e fit make market uncertainty worse and affect market structure plus asset stability.
Bearish
Di deadline wey dey come for crypto law before di 2026 midterms, plus politic palava, government shutdown and bill wey no dey move, dey increase regulatory gbege. Dis gbege fit cause more wahala for market, reduce institution dem to join, and make market no grow well for short and long time. Dates to confirm people like CFTC chair dey delay, e still add more risk so traders dey play safe till dem clear road.