October 2025: Five U.S. Crypto Legislation Developments
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October 2025 brought significant regulatory and policy developments for the U.S. crypto sector: a government shutdown delaying SEC/CFTC actions, continued stalling of the RFIA legislation, Mike Selig's nomination to head the CFTC sparking industry optimism, indications that the SEC/CFTC jurisdictional "turf war" may be abating, and Fed Governor Christopher Waller proposing a limited "skinny master account" to give payment-focused non-bank firms (including stablecoin issuers) access to Fed payment systems.
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