Crypto regulation took center stage at this year’s SALT Wyoming conference in Jackson Hole, as a range of U.S. policymakers spoke directly to the crypto industry. Their remarks provided insight into the legislative direction and regulatory atmosphere heading into the final quarter of 2025.

Lawmakers Signal Support for Crypto Legislation

Although Congress is officially still in recess, several legislators made time to address attendees in Wyoming. Their comments largely reflected growing bipartisan acceptance of cryptocurrency’s role in the U.S. financial system. Senator Tim Scott, Chair of the Senate Banking Committee, suggested that between 12 and 18 Democratic senators are potentially willing to back a crypto market structure bill. This level of support could significantly ease the path for related legislation.

Senator Cynthia Lummis, a long-time advocate for digital assets, expressed confidence that a comprehensive crypto framework would reach the President’s desk before Thanksgiving.

Institutional Voices Call for Clear Frameworks

The conversation also featured high-profile voices from within the financial sector. Jenny Johnson, CEO of Franklin Templeton, highlighted the benefits of blockchain transparency, likening it to viewing all transactions behind public equities. Likewise, Michelle Bowman, Vice Chair for Supervision at the Federal Reserve, advocated for a tailor-made regulatory approach, emphasizing that existing rules may not adequately address blockchain innovations.

Fed Governor Chris Waller echoed supportive sentiments, stating that technologies like tokenization and distributed ledgers pose no inherent threat.

Partisan Tensions Still Present

Despite the overall positive outlook, political tensions surrounding crypto remain. Rep. Angie Craig, ranking member of the House Agriculture Committee, raised concerns about conflicts of interest involving sitting presidents holding crypto assets. She argued that any assets held should be placed in blind trusts to maintain public trust and legislative neutrality.

More Stories from the Regulatory Front

• U.S. Treasury Department Starts Work on GENIUS: The Treasury Department launched a public comment period to gather insights under the GENIUS law, which targets crypto-related illicit activities.
• New Crypto Group AIP at Work: A new organization funded by crypto lobbying groups plans to host educational events for lawmakers.
• ‘Beacon’ Network Launched: TRM Labs led the formation of a global alert system designed to coordinate response efforts to crypto exchange hacks.
• Push for CFTC Nominee: Crypto stakeholders are urging the White House to speed up the confirmation of Brian Quintenz as the new CFTC Chair.
• Winklevoss Twins Donate $21M: The founders of Gemini contributed $21 million in bitcoin to fund a new political action committee supporting Republican candidates.

What’s Ahead?

This coming week, both Congress and regulatory agencies have light schedules, with no major events planned. However, the momentum from Jackson Hole is expected to carry forward into the legislative season this fall.

Related: XRP Price: $12M Max Pain for Bears

Noteworthy Headlines Elsewhere

• Goldman Sachs on Tariffs: Recent analysis suggests U.S. consumers will absorb the cost of tariffs placed by President Trump.
• Sony has already responded by increasing Playstation 5 prices.
• Internet Access Laws: Wyoming and South Dakota enacted controversial laws requiring websites to verify users’ ages if they offer wide-ranging content.
• Elon Musk Walks Back Political Party: Reports indicate that Musk may instead back Republican Vice President JD Vance rather than form a new political party.

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