Washington is moving fast, and the entire crypto market is now in the crosshairs. Senators are preparing a sweeping new crypto market-structure bill, with major bank CEOs lobbying behind the scenes to shape the rules in their favor. The CFTC just launched a new digital assets oversight pilot alongside fresh fraud charges, while the SEC closed a two-year case against a Bitcoin developer without action. Add in Texas facing backlash over its Bitcoin reserve and the ECB defending its digital euro, and the regulatory landscape is shifting in real time. Today we break down how this new bill could redefine the future of Bitcoin, stablecoins, exchanges, and the entire U.S. crypto industry.