Morning minute: Democrats want a chair at the crypto table

Morning Minute is a daily newsletter written by Tyler Warner. The presented analysis and opinions are of him and do not necessarily reflect those of Decrypt. Subscribe to the morning minute substitute.

GM!

The best news of today:

• Crypto Majors Hakken, Sol leads to $ 220; BTC for $ 112,300
• Different crypto -mining stocks rise on the back of the Oracle report of the AI ​​question
• Senate Democrats give a list of conditions for working together on the Bill for Crypto market structure
• The USDH proposal from Hyperliquid is now preferred for native markets
• SPET buys 0 ETH last week, spends $ 15 million on stock buying

🏛️ Democrats want a chair at the crypto table

One of the greatest excellent risks for crypto in America is to change politicization and potential for reversations and clawbacks as power.

Well, that risk can be relieved at the moment if the Senate Democrats get their way.

📌 What happened

An important account of the cryptomarkt structure is currently being discussed in the congress, and it seems that a group of pro -Crypto Democrats is ready to work in the aisle –

As long as certain conditions are met.

Yesterday, a group of 12 Senate Democrats issued a policy framework to spell what they want in a market structure account with digital asset.

First and foremost they want chairs at the SEC and CFTC. Both have 5 commissioner seats, covered at 3 per party.

In addition to those seats, other conditions include:

• Consumer protection
• Jurisdiction clarity between the sec and cftc
• Rules for Empenters and Trading Platforms
• guardrails about illegal finances, and
• Ethical provisions to curb political self -handling.

The move is positioned as a reaction to the growing design of the Gop and an invitation to negotiate a dual deal that can free up the Senate.

The democratic cohort includes Sens. Ruben Gallego, Mark Warner, Kirsten Gillibrand, Cory Booker, Raphael Warnock and others, some of whom voted for the two -part genius -Stablecoin Act, which suggests that they are viable swing voices.

🗣️ What they say

“To make the regulation of digital assets a success, it is essential that supervisors have the financing and staff they need. These agencies also require democratic votes, as the congress intended: only a two -part regulation process will yield sustainable, balanced rules that will be long -dedicity for digital activity park.” – Letter published by Senator Ruben Gallego

‘Democrats want to have the feeling that their voice and worries have a proxy in the Chamber during some regulations at these agencies, and they want to know that if confirmed, those commissioners will not be fired briefly. “ – a DC -Sinsider, contradicts Decrypt

🧠 Why it matters

This is the path to a real, sustainable crypto framework that can survive a change in power.

A bill for the Republicans can pass the house, but it cannot free up the Senate without democratic voices and even if so, it would be vulnerable to reversing in the next political cycle.

Bringing Democrats in the conversation now increases the chance of a stable, dual regulation framework that survives changes in power changes.

And in general their conditions are very reasonable: they want seats in the SEC&CFTC to have participation, guarantees that new rules will weaken existing tradfi, prevention of the use of crypto to avoid rules, maintaining consumer protection and creation a “appropriate and effective” Defi frame.

All those things are logical on paper.

Working in the aisle now and reaching dual agreement means less regulatory whiplash for trade fairs, emitting and investors, and a more predictable future.

And the most important thing for 2028: as a power folded again, a dual law on the books is much more difficult to relax than guidance from agencies or a narrow, partisan status.

Collaboration Today is the cheapest insurance policy against UR-turn policy tomorrow.

🌎 macro crypto and memes

A few crypto and web3 headlines that caught my attention:

• Crypto -Majors are usually flat with SOL leader; BTC -0.3% at $ 112,300, ETH -0.5% at $ 4,330, XRP -1% at $ 2.97, Sol +1% at $ 220
• STORY (+17%), mnt (+13%) and pump (+13%) LED top movers
• Different crypto shares Saw considerable pimples yesterdayIncluding CIFR (+19%), Iren (+15%), Riot (+13%), ABTC (+11%) and GLXY (+10%)
• Senate Democrats Outlined a series of conditions and an urge for seats on the SEC and CFTC to influence the Crypto-Market structure legislation, which shows openness to accepting crypto legislation if it is Bipartisan
• Eric Trump was removed from Alt5 SigmaWorld Libertyfi’s Treasury Company, to comply with Nasdaq’s compliance rules
• Trump’s truth social and truth+ This allows users to convert ‘gems’ into CRO -TokensEnlightening the concern about another net new Trump -token that is coming
• The CBOE said that it is planning to launch Bitcoin and Ethereum-Futures for American customers for a long time in November, pending approval
• A doo etf ‘doje’ is planned to launch tomorrow The very first big meme ETF
• Crack his tokenized shares ‘xstocks’ rolled out to the EU

In business treasury

• Sharplink Had no ETH purchases last week, but started to carry out his previously authorized $ 1.5 billion stock buying with an initial purchasing of $ 15 million
• Metaplanet raised another $ 1.45 billion through stock sales to buy more BTC
• QMMM supply Jumped 17 times on Tuesday after they had announced a $ 100 million treasury for BTC, ETH and Sol

In memes

• MEME COIN Leaders are somewhat red on the day; Doge even, Shiba -1%, Pepe -3%, Pengu -3%, Bonk -3%, Trump even, SPX Even, and Fartcoin -1%
• PUMP Strength another 13% up to $ 5.4 billion FDV and a new local high
• Iryna rose 660% Up to $ 24 million leading Onechain Sol runners; Streamer (+240%), 67 (+40%) and XVM (+80%) all had remarkable movements

💰 Token, AirDrop & Protocol Tracker

Here is an overview of major token, protocol and airdrop news of the day:

🤖 Ai x crypto

Section dedicated to headlines in the AI ​​sector of Crypto:

• General market capitalization 3% decrease of $ 13.5 billion, leaders were red
• Crooked (-1%), virtual (-3%), tibbir (-2%), aixbt (-8%) and ai16z (-7%)
• LEA (+15%) and CGPT (+5%) LED Top Movers

🚚 What happens in NFTs?

Here is the list of other remarkable headlines of the day in NFTS:

• ETH NFT leaders were usually even; Punks even at 48.3 ETH, Pudgy -1% on 10.4, Bayc -2% at 9.05 ETH
• Crawl +17% was a remarkable mover
• Abstract NFTs were mixed, led by Beerarish (+12%)
• Artificial blocks Introduced his 2nd into the last artificial blocks project, ‘Gas Wars’ by Jack Butcher, coming on 17 September