NEW: 🇺🇸 Blockchain Association Board Chair tells FOX "there have been a lot of negotiations with democrats" and "there has been a lot of bipartisan support" "Once we get this passed, we are going to see an unleashing of economic activity around the crypto space"

What happened

The Blockchain Association’s board chair told FOX News that negotiations with Democrats have taken place, there is bipartisan support, and passing the legislation will unleash economic activity in the crypto sector.

Confirmed

Global impact / market context

If the proposed crypto‑friendly legislation passes, it could lower regulatory uncertainty, encouraging companies to invest in blockchain projects, expand hiring, and increase spending on technology development.

Analyst inference

The crypto market has recently faced price volatility and heightened regulatory scrutiny, so any sign of supportive policy could improve investor sentiment and potentially stabilize prices.

Analyst inference

What to watch

1. Progress of the bill through Congress, especially any votes or amendments, which will indicate whether the promised economic boost is likely to materialize. Proposed
2. Announcements from crypto firms about new projects or capital spending that cite the pending legislation as a catalyst. Proposed
3. Reactions from major investors or venture capital funds that may increase allocations to blockchain startups if the regulatory environment improves. Proposed

Evidence

• x.com