US Backs Crypto at Jackson Hole, Market Bill by Thanksgiving
At the SALT Wyoming conference in Jackson Hole, key US officials voiced broad support for cryptocurrency, marking a notable shift in crypto policy. Senate Banking Committee Chair Tim Scott forecast “12 to 18 Democrats” backing market structure legislation, and Senator Cynthia Lummis predicted the bill would reach the President’s desk before Thanksgiving. Franklin Templeton CEO Jenny Johnson highlighted the transparency benefits of blockchain transactions. Federal Reserve Vice Chair Michelle Bowman called for a clear, strategic crypto policy framework to govern emerging technologies, while Fed Governor Chris Waller dismissed fears around smart contracts and tokenization. Representative Angie Craig recommended that any crypto holdings by a sitting president be placed in sealed trusts. The event underlines ongoing momentum in US crypto policy and sets the stage for federal regulatory action in late 2025.
Bullish
The clear endorsement of cryptocurrency by US policymakers at Jackson Hole and the promise of market structure legislation before Thanksgiving reduce regulatory uncertainty and signal constructive engagement. Historically, similar statements—such as EU regulatory clarity in 2021—have triggered short-term rallies and longer-term institutional flows. Traders can expect an immediate positive sentiment spike, increased volume in regulated products, and a more stable framework that supports sustained growth and adoption of digital assets.