Congress Tackles Crypto Market Law After Month-Long Recess

- Senate prioritizes crypto market structure legislation after House passes CLARITY Act. - House set to vote on banning a Federal Reserve-issued CBDC via a defense bill provision. After a month-long recess, the United States Congress has resumed its legislative session with major crypto-related initiatives at the top of its agenda. Key actions include the Senate's push to regulate the digital asset market and a pivotal House vote on banning Central Bank Digital Currencies (CBDCs). Additionally, uncertainty surrounds the confirmation of a new chair for the Commodity Futures Trading Commission (CFTC). On September 1, 2025, Cointelegraph reported that the Senate is advancing legislation to create a regulatory framework for crypto markets. This effort builds on the bipartisan Digital Asset Market Clarity (CLARITY) Act, which the House approved in July. Senator Cynthia Lummis expressed optimism, stating she expects the Senate Banking Committee to move its version of the bill forward before the end of September. This would set the stage for comprehensive regulations to bring clarity to the crypto industry. Meanwhile, uncertainty surrounds the confirmation of Brian Quintenz as the next CFTC chair. Before the recess, the Senate Agriculture Committee postponed its vote on his nomination at the request of the White House. In addition, Cameron and Tyler Winklevoss, co-founders of the cryptocurrency exchange Gemini, reportedly urged President Trump to reassess his stance on the appointment. In a parallel move, the House of Representatives plans to vote on a defense bill that includes provisions to ban the Federal Reserve from issuing a CBDC. This vote follows the House's narrow approval of the Anti-CBDC Surveillance State Act in July, and the outcome could critically shape the future of digital currency issuance in the United States.