Three major updates worth tracking:

First up — that crypto market structure bill everyone's been watching? Hit a wall. Senate Democrats are digging in their heels with new demands, and with a government shutdown looming, timing couldn't be worse.

Meanwhile, the CFTC just made some interesting moves on their Innovation Council. They've brought in the heads of Gemini, Polymarket, and Bullish. Pretty solid lineup if you ask me.

And here's something different: Bhutan just launched TER, a token running on Solana that's actually backed by real gold reserves. Not your typical government crypto experiment.