The U.S. Senate is reportedly close to reaching a deal on cryptocurrency regulation, following recent bipartisan discussions on market structure and GENIUS rules. The Senate Agriculture Committee has released a draft proposal that would expand the Commodity Futures Trading Commission's (CFTC) authority over digital commodities. Concurrently, the Senate Banking Committee has outlined a bill detailing the Securities and Exchange Commission's (SEC) role in regulating digital assets. Regulatory agencies are also nearing the completion of stablecoin frameworks, with the Federal Deposit Insurance Corporation (FDIC) planning to propose stablecoin regulations by early 2026. As regulatory clarity improves, Bitcoin's role as a hedge against inflation continues to be a significant narrative. Additionally, the final legislation is expected to address measures for countering the financing of terrorism.