With the Senate entering its final week before the the August recess, political discussions over a cryptocurrnecy market structure bill -- ahead of a potential procedural vote this week -- led Bloomberg Intelligence's August 3 Washington Policy Pulse. A vote that gains more than 60 Senators would likely just kick the can on negotiations during the recess. Failure could keep the regulatory landscape for firms like Coinbase, Robinhood and other platforms murky for the next few years.

We also discussed the latest on a government shutdown and Senate efforts to unlock a $95 billion reconciliation bill that would aid contractors like Lockheed Martin, RTX and Northrop Grumman.

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