Senator Tim Scott, chairman of the US Senate Committee for Banking, Housing and City Affairs, recently said he expects a crypto market bill to be passed by law in August 2025.
The President also noted the Senate Bank Committee’s promotion of the Genius Act, a comprehensive stablecoin legislative bill, in March 2025, as proof that the committee prioritizes crypto policy. In a statement to Fox News, Scott said:
“We need to innovate before we regulate – to allow innovation in the digital asset space to happen here at home is critical of American economic dominance across the globe.”
Scott’s timeline for a crypto market structure expects expectations from Kristin Smith, CEO of Crypto Industry Advocacy Group Blockchain Association, for market structure and stableecoin laws passed in the August law.
The Trump administration has emphasized that extensive crypto regulations are central to its plans to protect the value of the US dollar and establish the country as a global leader in digital assets by attracting investment in US-based crypto-makers.
Senator Tim Scott highlights the Senate Bank Committee’s Objectives and Results in 2025. Source: Fox News
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Support for extensive crypto regulations is bipartisan
U.S. lawmakers and officials expect clear crypto policies to be established and signed in the law sometime in 2025 with top species support from Congress.
In a speech at the Digital Assets in New York City, March 18, Democrat Representative Ro Khanna said he expects both the market structure and stablecoin bills to pass this year.
The democratic legislature added that there are about 70-80 other representatives in the party who understand the importance of adopting clear digital asset rules in the United States.
Treasury Secretary Scott Bessent, depicted on the left, President Donald Trump in the center and crypto -czar David Sacks, depicted on the right of the white house Crypto Summit. Source: The White House
Khanna emphasized that the Med Democrats support the dollar-pegged stablecoins because of the role of dollar tokens in expanding the demand for the US dollar worldwide through the Internet.
Bo Hines, the CEO of the President’s Council for Digital Assets advisers, also spoke at the conference and predicted that stablecoin legislation would be passed in the law within 60 days.
Hines emphasized that the establishment of American dominance in the digital asset space is a goal of widespread top species support in Washington DC.
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