Senator Tim Scott, Chairman of the US Senate Committee for Bank, Housing and City Affairs, recently said that he would expect a draft law to be passed into the law by August 2025.
In March 2025, the chairman also provided the further development of the Genius Act, a comprehensive law on StableCoin Regulation Act, in March 2025 that the committee prioritized the crypto policy. In an evidence of Fox News, Scott said:
“We must be progressive before we regulate – it’s crucial for American economic dominance world wide to enable innovation within the digital financial space at home.”
Scott's timeline for a legislative template for crypto market structure corresponds to the expectations of Kristin Smith, the CEO of the Blockchain Association of the Crypto Industry Advocacy Group, the market structure and the stable coin laws, which can be passed into the law until August.
The Trump administration has emphasized that comprehensive crypto regulations for his or her plans to guard the worth of the US dollar and the country's establishment because the world's leading provider of digital assets are of central importance by investing within the US crypto firms.
Senator Tim Scott emphasizes the goals and achievements of the Senate Banking Committee in 2025. Source: Fox News
The support for comprehensive crypto regulations is non -partisan
The US legislature and civil servants expect the clear crypto policy to be signed with two parties sooner or later in 2025 with the support of the congress.
The Democrat representative Ro Khanna, who spoke on March 18 on the Digital Assets Summit in New York City, expects each the market structure and the StableCoin bills to be adopted this yr.
The democratic legislature added that there are about 70-80 other representatives within the party who understand how essential it’s to adopt clear digital assets within the United States.
Finance Minister Scott Bessent, depicted on the left, President Donald Trump in the middle and crypto -tsar David Sacks right on the crypto summit of the White House. Source: The White House
Khanna emphasized that with Democrats based on the role of dollar tokens in expanding the demand for the US dollar worldwide, dollar-spoiled stable coins.
Bo Hines, the manager director of the President's Council for Digital Assessors, also spoke on the conference and predicted that the laws for stablecoin can be passed into the law inside 60 days.
Hines emphasized that the determination of the US dominance within the digital asset area is a goal for the widespread party cross -party support in Washington DC.
