Senator Tim Scott, chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, recently said he expects a Crypto Market Bill to be passed in August 2025.
Chairman also mentioned the Senate Banking Committee Advancement of the Genius ActA comprehensive bill of regulation of Stablecoin, in March 2025, is evidence that the committee preceded the crypto policy. In a statement In Fox News, Scott said:
“We must change before we regulate – allowing a change in the digital asset space that happens here at home is critical to the dominance of the American economy worldwide.”
Scott’s timeline for a Crypto Market Structure Bill has expectations from Kristin Smith, CEO of the Crypto Industry Advocacy Group Blockchain Association, Market Structure and Stablecoin law that has been passed by law in August.
The Trump administration emphasized that the comprehensive crypto regulation is central to its plans Protecting the US dollar value and established the country as a Global leader in digital possessions By attracting investment to US-based crypto companies.
Senator Tim Scott featured the goals and accomplishments of the Senate Banking Committee in 2025. Source: Fox News
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Support for comprehensive crypto regulation is bipartisan
US lawmakers and officials expect clear crypto policies to be established and signed in the law once in 2025 with Bipartisan support from Congress.
Speaking at the Digital Assets Summit in New York City, on March 18, Democrat’s representative Ro Khanna said he was expecting the same Market structure and stablecoin bills to be passed This year.
Democrat lawmakers added that there are 70-80 other party representatives who understand the importance of passing clear digital asset regulations in the United States.
Secretary of Treasury Scott Bessent, pictured left, President Donald Trump in the middle, and Czar David Sacks, pictured right, at the White House Crypto Summit. Source: The White House
Khanna emphasized that fellow democrats support dollars-pegged stablecoins for the role of dollar tokens in expanding demand for US dollars worldwide throughout the internet.
Bo Hines, the executive director of the presidential council of the Digital Assets, also spoke at the conference and predicted that Stablecoin’s law would be passed on to law within 60 days.
The Hines featured that promoting US dominance in the digital asset space was a goal with Bipartisan’s widespread support in Washington DC.
