Sen. Tim Scott said embedding market structure into law would protect consumers and developers, warning that lack of regulation leaves the sector a 'wild wild west.' A panelist questioned whether many senators fully understand the framework.

SEC Chair Paul Atkins and CFTC Chair Michael Selig announced "Project Crypto," a joint SEC–CFTC initiative to harmonize rules for crypto markets, including a shared token taxonomy, coordinated rulemakings, and steps to onshore novel derivatives and tokenized collateral.

Sam Stein is joined by business and finance journalist Ben Walsh to discuss Donald Trump’s bleat announcing his plans for a federal crypto reserve that has enraged crypto traders for obvious corruption.