President Trump’s crypto ventures are, on their face, a mess of corruption that looms over 2025’s politics. In its shadow last week, the Senate came very close to passing the first significant piece of legislation aimed at legitimizing critical elements of the crypto industry.

Stablecoin and market structure bills are the two big things around crypto that Congress is expected to get to President Donald Trump's desk this year. There was a press conference by crypto and AI czar David Sacks with the chairs of the House and Senate committees. Everyone had this rough deadline of "before the August recess."

Senate Democrats blocked stablecoin legislation backed by the digital assets industry amid a furor over President Donald Trump’s extensive and growing portfolio of crypto ventures.