365Crypto
The U.S. Senate plans to finish new crypto market rules by September 30. Senator Tim Scott told a White House adviser the bill will be ready then. This is later than President Trump wanted but earlier than some expected.
Scott said the House should also approve a stablecoin bill soon. Senator Cynthia Lummis agreed, saying they will follow Scott’s lead.
The House is slower. Its leaders haven’t decided if they’ll support the Senate’s stablecoin bill. There could be delays as they work out differences.
The Senate Banking Committee leads the bill, but the Agriculture Committee must also approve it. The process is complex and not urgent for all committees.
White House advisor Bo Hines supports the Senate timeline. Scott called the Senate and House “one team” and hopes both chambers move fast.
The House’s market bill, called the Clarity Act, is a good starting point for negotiations.
Footnote:
Stablecoins are cryptocurrencies designed to keep their value steady, often linked to the U.S. dollar.
Market structure bill means laws that set the rules for how crypto markets operate.
