Well, I say, old bean, it appears that the chap in the White House, one Donald Trump, has let slip that he’s jolly well keen on signing a spiffing crypto market structure bill “very soon.” Dash it all, he’s even gone so far as to declare that the United States shall be the global capital for cryptocurrency. Toodle pip to the rest of the world, what?
At the World Economic Forum in Davos-where the toffs gather to discuss the weighty matters of the universe-Trump let it be known that backing crypto legislation is the cat’s whiskers, both politically and strategically. What ho! He even gave a tip of the hat to the GENIUS stablecoin act, calling it a topper of a step toward clearer rules for the industry. One can almost hear the chaps at the club clinking their port glasses in approval.
Donald Trump said he aims to sign a major crypto market-structure bill “very soon,” vowing to make the U.S. the global crypto capital. Speaking at the World Economic Forum in Davos, Trump said backing crypto legislation-starting with the GENIUS stablecoin act-was both politically…
– Wu Blockchain (@WuBlockchain) January 21, 2026
“Congress is working very hard on crypto market structure legislation, which I hope to sign very soon,” Trump chirped, adding that clear rules could help unlock new paths to financial freedom for Americans. Financial freedom, eh? Sounds like the sort of thing one might achieve after a particularly successful punt on the ponies.
Congress Still Muddling Through the Fine Print
Meanwhile, the fellows in Congress are still scratching their heads and twiddling their thumbs. Senators are out of session, and the crypto bigwigs are swanning about in Davos, no doubt enjoying the fondue and the alpine air. Behind the scenes, the poor devils on congressional staff are prepping for the next round of negotiations. One can only imagine the amount of tea and biscuits being consumed in the process.
The US Senate Agriculture Committee-yes, the very same chaps who usually fret about wheat and soybeans-are expected to trot out an updated version of their crypto market structure bill shortly. This new draft should shed some light on where the lawmakers stand on the ticklish issues, such as how digital assets are defined and which regulator gets to wield the big stick over different parts of the crypto market. Jolly important stuff, what?
Committee leaders have been trying to cobble together a bipartisan deal, though disagreements persist over such riveting topics as meme coins, listing standards, funding for regulators, and ethics rules. Meme coins, you say? Sounds like the sort of thing one might find in a Christmas cracker.
Banking Committee in a Spot of Bother
Over in the Senate Banking Committee, progress has been slower than a tortoise in a race against a hare. A planned markup was postponed last week, and there’s no word yet on when it will reconvene. Lawmakers and staff mutter that much depends on whether the industry players and banks can sort out their differences over stablecoin yield. One can almost hear the harrumphing from here.
The debate took a turn for the dramatic after Coinbase pulled its support for the bill, a move that put the brakes on the whole shebang. Coinbase CEO Brian Armstrong has since been hobnobbing with major banking leaders in Davos, attempting to rebuild consensus. One can only hope he’s brought along his most persuasive argot.
White House Turning Up the Heat
Back at the White House, the Crypto Council’s Executive Director, Patrick Witt, has been waving his arms about, warning that delaying crypto legislation could backfire. He suggests that missing the current political window might lead to tougher rules under a future administration less chummy with crypto. Heaven forfend! One can’t have the nanny state coming in and spoiling all the fun, can one?
So there you have it, old sport. Trump’s crypto caper is in full swing, and the world waits with bated breath to see if he’ll sign the bill or just tweet about it. In the meantime, one can only sit back, pour oneself a stiff drink, and enjoy the show. Toodle-oo!
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2026-01-21 20:52