Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Cardano (CRYPTO: ADA) founder Charles Hoskinson slammed the Trump administration’s handling of the cryptocurrency industry in an interview aired Sunday, particularly targeting David Sacks, the White House cryptocurrency czar. Hoskinson Attacks Sacks Appearing on The Wolf Of All Streets Podcast, Hoskinson voiced skepticism about the passage of the cryptocurrency market structure bill, a key piece of legisl ...

Group 1: Core Insights - The CEO of Bullish, Thomas Farley, expressed that the passage of the cryptocurrency market structure bill will be beneficial for both the company and the broader industry [1][2] - Farley highlighted that the bill's preemption would eliminate the need for individual state approvals, which he believes will significantly aid infrastructure providers like Bullish [2][3] - The legislation is expected to provide "legal certainty" similar to the GENIUS Act, potentially attracting institutions and asset issuers to the crypto market [3] Group 2: Legislative Developments - A bipartisan draft of the cryptocurrency market structure bill was released by the Senate Agriculture Committee, aiming for clearer oversight roles for the CFTC and SEC [4] - Lawmakers anticipate that the bill will progress through committees by late 2025, with a full Senate vote expected in early 2026 [4] Group 3: Financial Performance - Bullish reported third-quarter revenue of $76.5 million, exceeding analyst estimates of $71.2 million, with earnings of 10 cents per share aligning with expectations [5] - Ark Invest, a significant investor in Bullish, purchased approximately $16.9 million worth of the company's shares through various ETFs [6] - Following the earnings report, Bullish shares experienced a 1.26% increase in after-hours trading, although they closed 3.63% lower during the regular session [6]