Key Insights
- US crypto market bill moves toward signing, raising expectations for clearer oversight and stronger institutional participation.
- China directs banks to trim US Treasury exposure as bond volatility grows and diversification into gold continues.
- CoinShares says only 10,200 Bitcoins face quantum theft risk, with protocol upgrades available through future soft forks.
Crypto market structure bill updates are impacting global crypto markets as policymakers, investors, and analysts react to developments in regulation, macroeconomic factors, and technology risks. Recent updates from the United States, China, Russia, and research firms are impacting market sentiment for Bitcoin and other crypto assets.
The developments are unfolding against the backdrop of discussions about policies in Washington, bond market volatility in China, and renewed concerns about the dangers of quantum computing. The industry is paying close attention to these indicators.
US Crypto Market Structure Bill Moves Toward Finalization
In Washington, D.C., the proposed legislation regarding the structure of the crypto market is still being discussed as Congress considers how to regulate digital assets.
A meeting is taking place this week between White House staff and members of Congress regarding issues relating to StableCoins within the CLARITY Act, which passed the House in 2025.
This proposed statute defines the roles of the SEC and CFTC, so all market players know what the rules are going to be.
According to Vivek Sen, President Donald Trump intends to publicly sign the crypto market structure bill. This could lead to further institutional investment in the crypto market, as stated in a Tweet by Vivek Sen, which suggests that the bill’s signing could result in trillions of dollars being invested into the crypto market, based on bullish indicators from some of those investors.
The discussions surrounding the crypto market structure bill may also include how interest payments will be made to holders of StableCoins and how or if banks will participate in the issuance and/or servicing of StableCoins.
These discussions encompass broader efforts to unify regulatory organizations that regulate traditional finance and digital assets into one cohesive system.
China Signals Shift in US Treasury Holdings
Due to increasing volatility in the bond market, banks in China have been instructed to decrease their US Treasury holdings.
This advice is intended only for the private sector, as it does not include what is referred to as “official foreign reserves,” which are managed by the People’s Bank of China.
This change has occurred due to fluctuations in the value of US bonds caused by the Federal Reserve’s decisions regarding interest rates, as well as the introduction of more US bonds into circulation by increasing the US national debt.
According to Watcher. Guru, China’s Treasury Bonds were worth $682.6 billion at the end of November 2025, or roughly equivalent to what was being reported a little over a decade ago.
The country has been diversifying into gold, with China now holding over 2,300 metric tons worth of gold. The market’s immediate reaction was limited, as Treasury yields went slightly higher and gold was still valued at over $5,000 an ounce.
The change in how much Treasuries different countries hold is indicative of the shift that is occurring with regard to the diversification strategies of larger nations.
There are analysts who are currently evaluating whether this shift is a short-term tactical measure or a longer-term change that is likely to continue towards reducing exposure to the US dollar.
CoinShares Report Downplays Quantum Risk to Bitcoin
According to a report published by CoinShares, in total, there are only 10,200 bitcoins in early P2PK addresses that may be at realistic risk because of quantum.
These coins represent just a small portion of the estimated 1.6 million bitcoins that are at risk, according to many people discussing how quantum threatening bitcoin.
According to Cointelegraph, the current level of quantum interference is far from being able to crack cryptographic keys. The Google 105-qubit Willow computer is currently the largest known quantum computer, but not nearly close to cracking cryptography, as it is currently under 105,000 qubits’ worth of quantum power.
CoinShares also added that scenarios related to the theft of market-moving amounts of bitcoins are unlikely to occur before 2030.
Dr. Joseph Kearney has raised larger concerns and estimates that there may be as many as 6.8 million bitcoins that could potentially be at risk.
CoinShares has also pointed out that Bitcoin can adopt cryptographic upgrades through soft forks, which means that it would be easy for Bitcoin to be upgraded regarding any future quantum threats that arise.
Various industry experts, such as Adam Back, have stated that there are many examples of how protocol can be updated to successfully address any future cryptographic concerns arising from quantum.
Russia Expands Retail Crypto Access
In July 2026, Russia will allow individuals who do not vote on their investment accounts to purchase up to $3,200 per year in cryptocurrencies through regulated exchanges. This step is a policy shift toward making it easier to invest in cryptocurrencies.|
According to Investments_CEO on social media, the law will allow all citizens of Russia access to bitcoin/currency and provide a way for retail investors to become involved with cryptocurrency.
The new rules that have been made in Russia, along with the newly proposed bill on how to structure the Crypto Market in America, show two very different methods of regulating cryptocurrency.
However, they are both focused on working to integrate digital assets into today’s financial institutions while protecting investors and making sure that they follow the rules.
Final Thoughts
The U.S. regulatory bill for the cryptocurrency market, China’s financial changes, assessments of quantum risk exposure, and investor regulations in Russia are all indications that global perspectives and attitudes toward digital assets and macroeconomic policy are changing.
The changes occur across regulatory, technological, and financial landscapes. As governments work to establish clarity in policies, make capital available, and debate technologies, market participants will be watching how these factors shape the adoption of and future structure of the cryptocurrency market.
