Senator Tim Scott, chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, recently said he expects the crypto market bill to be passed to law by August 2025.
The chairman also noted the comprehensive stubcoin regulation bill in March 2025 as evidence that the committee prioritizes crypto policy, a progression in the Senate Banking Committee’s genius law. In a statement to Fox News, Scott said:
“We must innovate before we can regulate. Innovating our digital asset space from home is critical to the economic domination of America around the world.”
Scott’s timeline of crypto market structures is in line with expectations from Kristin Smith, CEO of the Crypto Industry Advocacy Group Blockchain Association, which has been passed by August with the Market Structure and Stability Coin Act.
The Trump administration emphasizes that comprehensive crypto regulations are central to their plans to establish the country as a global leader in digital assets by protecting the value of the US dollar and attracting investment in US-based crypto companies.
Senator Tim Scott highlights the goals and achievements of the 2025 Senate Banking Committee. Source: Fox News
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Support for comprehensive crypto regulations is bipartisan
US lawmakers and officials hope to see a clear crypto policy in 2025 and sign the law with bipartisan support from Congress.
Speaking at the Digital Assets Summit in New York City on March 18, Democrat Locanna representative said he hopes that both the market structure and the stubcoin bill will be passed this year.
Democrats added that the party has around 70-80 representatives, who understand the importance of passing clear digital asset regulations in the United States.
The photo on the left, Treasury Secretary Scott Bescent, President Donald Trump in the center, and Crypto Zar David Sachs on the right, are depicted on the right at the White House Crypto Summit. Source: White House
Khanna emphasized that fellow Democrats support dollar-winning stubcoin due to the role of dollar tokens in increasing demand for US dollars worldwide through the internet.
Bo Hines, executive director of the Council on Advisors on Digital Assets, also spoke at the meeting, predicting that within 60 days Stablecoin law would be passed to the law.
Hines emphasized that establishing US dominance in the digital assets space is the goal of broad, bipartisan support in Washington, DC.
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