TL;DR: The White House kept crypto on the front burner with a push to pass a market-structure bill this year, Republicans leaned on the SEC to open 401(k)s to Bitcoin, Treasury kicked off GENIUS Act stablecoin rulemaking, and the U.S. and U.K. launched a joint task force to align on digital-asset rules. (Coin Edition)
1) “Pedal to the metal” on a crypto bill
Patrick Witt, executive director of the White House’s Council of Advisers on Digital Assets, said the administration is working with both chambers to land a comprehensive market-structure law on the President’s desk before year-end. He reiterated the priority during Korea Blockchain Week. (CoinDesk)
2) Pressure campaign: Bitcoin in 401(k)s
House Republicans urged the SEC to move quickly on Trump’s August executive order that could pave the way for plan fiduciaries to offer crypto exposure in retirement accounts—framing it as “democratizing access” to alternative assets. (Background: the order was signed Aug. 7.) (Bitcoin Magazine)
3) Stablecoins: GENIUS Act enters rulemaking
Treasury issued an Advance Notice of Proposed Rulemaking to implement the GENIUS Act (enacted July 18), asking the public how to handle prudential standards, consumer protection, and accounting treatment for payment stablecoins. Translation: the stablecoin regime is officially in motion. (U.S. Department of the Treasury)
4) U.S.–U.K. crypto alignment
During Trump’s state visit, the two countries announced the Transatlantic Taskforce for Markets of the Future to coordinate on digital-asset policy and capital-markets access. It will deliver a first report within ~180 days. (Reuters)
5) Market backdrop
Crypto prices wobbled after the Fed rate cut, with majors sliding as leveraged longs unwound—noise that hit alongside the policy headlines above. (Barron’s)
Why it matters
- Clearer rules are closer than they’ve ever been. A White House-backed bill plus Treasury’s stablecoin process could finally define who regulates what—and how. (Coin Edition)
- Mainstream access is the next fight. If the SEC cooperates on the 401(k) directive, retirement plans could become a new on-ramp for Bitcoin exposure. (Bitcoin Magazine)
- Allies are syncing up. The U.S.–U.K. task force points to cross-border standards instead of fragmented rules. (Reuters)
