Macquarie sees U.S. Senate near crypto deal as market structure, GENIUS rules advance

The bank said bipartisan Senate talks on market structure legislation and parallel GENIUS Act rulemaking could deliver a workable U.S. crypto framework by early 2026. What to know : Macquarie said bipartisan Senate talks are gaining momentum as Democrats weigh a Republican market-structure proposal. A Senate Agriculture draft giving the CFTC more authority over digital commodities is moving in parallel, with the two tracks expected to be reconciled in 2026. The bank sees U.S. regulators finalizing GENIUS Act and stablecoin rules on a similar timeline, potentially putting a comprehensive federal crypto framework in place by early 2026.