Senator Tim Scott is confident of market structure bill

Senator Tim Scott, the chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, has expressed confidence that a comprehensive cryptocurrency market structure bill will be passed by August 2025.

This timeline aligns with expectations from Kristin Smith, CEO of the Blockchain Association, who also anticipates the passage of market structure and stablecoin legislation by August.

There is broad bipartisan support in Congress for market structure and stablecoin legislation, with several Democratic lawmakers expressing their support for these bills.

The Senate Banking Committee advanced the GENIUS Act, a significant stablecoin regulatory bill, in March 2025, indicating the committee's priority on crypto policy.

Senator Scott emphasized the importance of allowing innovation in the digital asset space before imposing regulations, to maintain U.S. economic leadership globally.

The proposed regulations aim to address regulatory gaps and provide clarity for investors, though market participants have mixed reactions regarding the potential impact on innovation.

Senator Scott's confidence reflects significant progress in drafting legislation that can garner bipartisan support, with the goal of fostering innovation and maintaining U.S. leadership in the digital asset sector.

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