Bitcoin (CRYPTO:BTC) is holding near $105,000 as markets digest the Senate’s long-awaited crypto market structure bill, a major step toward regulatory clarity for digital assets.
What happened: The Senate Agriculture Committee released a bipartisan draft led by the president John Boozman (R-AR) and senator Cory Booker (D-NJ), outlining clearer oversight roles for the CFTC and SEC in the crypto market.
The proposal defines key terms such as “blockchain” under the Commodities Exchange Act and calls for the development of common rules on issues such as portfolio margining and regulation of intermediaries.
Although some sections – including DeFi regulation, jurisdictional limits, and CFTC composition – remain under review, the draft represents significant progress toward a unified legislative framework.
Lawmakers expect the bill to be considered by committees by the end of 2025, with a full Senate vote likely in early 2026 as part of broader government funding negotiations.
Also Read: Strategy Buys 487 BTC But MSTR Flips Below $240
Why it’s important: Experts have hailed the project as a watershed moment for Bitcoin and the broader crypto industry.
On-chain data from CryptoQuant shows that a familiar liquidity pattern, which has preceded every major Bitcoin rally since 2020, has re-emerged.
The stablecoin supply ratio has returned to all-time lows while Binance’s stablecoin reserves are increasing as BTC reserves decline, a sign of sidelined liquidity and accumulation behavior.
Historically, this pattern has marked major turning points for Bitcoin, although failure to maintain current levels could still trigger a deeper correction.
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