Trump Says Major Crypto Market Structure Bill Could Be Signed Soon

• President Trump says he hopes to sign crypto legislation soon.
• The administration aims to keep the U.S. as the global crypto capital.
• Officials say banks will fully adopt crypto after market structure rules pass.

President Donald Trump said Wednesday he hopes to sign major crypto legislation soon. He made the remarks at the World Economic Forum in Davos, Switzerland. The bill seeks to reshape how digital assets are regulated in the United States.

Trump Reaffirms Push for Crypto Legislation

The president noted that the U.S. is close to passing comprehensive cryptocurrency market structure legislation. Trump said Congress is actively working on legislation covering Bitcoin, Stablecoins, and broader crypto markets. He added that he expects the bill to reach his desk soon.

Trump also reiterated his vision for the digital asset industry, saying his administration is focused on ensuring the United States remains the global center for crypto innovation.

What the Market Structure Bill Aims to Do

The proposed legislation seeks to define how federal agencies regulate cryptocurrency markets. It aims to clarify oversight responsibilities between regulators such as the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Supporters say the bill would reduce regulatory uncertainty that has slowed institutional participation and complicated compliance for crypto firms operating in the U.S. Lawmakers argue that a clearer framework could encourage innovation while improving consumer protection.

The effort builds on earlier legislation, including the GENIUS Act passed in July 2025, which focused on regulating stablecoins. Lawmakers are now attempting to expand those rules into a broader structure for the entire crypto market.

Stablecoin Yield Emerges as Central Dispute

Despite momentum, negotiations have faced setbacks. One of the most contentious issues involves stablecoin rewards, which allow holders of dollar-pegged tokens to earn yield through crypto platforms.

Banking groups argue that such rewards could draw deposits away from traditional banks, particularly smaller community lenders. They have pushed for stricter limits on crypto firms offering yield-like products.

Crypto companies, however, say restrictions would curb competition and innovation. The dispute escalated last week when Coinbase withdrew its support for the bill just before a planned Senate Banking Committee vote, forcing lawmakers to delay the process.

Coinbase said the proposed language could restrict its ability to offer stablecoin rewards, a growing part of its business.

White House Urges Compromise and Speed

Senior administration officials have publicly urged both sides to reach a compromise. Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, warned that blocking the bill could stall progress under a favorable political climate.

White House AI and crypto adviser David Sacks echoed that message, saying the administration’s priority is passing workable legislation rather than perfect language.

Sacks said the bill would ultimately erase the divide between banks and crypto firms by placing similar products under similar regulatory standards.

“We’re not going to have a separate banking industry and crypto industry,” Sacks said in a CNBC interview. “It’s going to be one digital assets industry.”

Banks Expected to Enter Crypto After Bill Passes

The Trump administration believes regulatory clarity will lead U.S. banks to fully adopt digital assets, particularly stablecoins. Many large banks have limited crypto exposure due to unclear rules and regulatory risk.

Sacks said banks could eventually issue stablecoins themselves and may come to view digital assets as tools to compete with fintech companies.

The Senate Agriculture Committee is scheduled to hold a hearing and vote on its version of the bill on Jan. 27. Legislative text is expected to be released ahead of that session. The Senate Banking Committee has not yet announced a new hearing date.

Related: Trump Signals Quick Move on CLARITY Act as Bitcoin Holds Near $90K