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The Coin Rise 2025-04-13 10:20:13

Crypto Legislation Could Arrive by August, Says Senator Tim Scott

Crypto Legislation Could Arrive by August, Says Senator Tim Scott

As regulatory chatter turns into real momentum in Washington, Senator Tim Scott, who chairs the U.S. Senate Committee on Banking, Housing, and Urban Affairs, says a comprehensive crypto market bill may become law by August 2025. In a recent statement to Fox News, Scott underlined that the U.S. must allow digital asset innovation to flourish at home before rushing to regulate — a stance that’s gaining traction across party lines. The senator pointed to the committee’s recent progress with the GENIUS Act, a stablecoin-focused bill approved in March, as proof that Congress is serious about shaping crypto policy. The act proposes a standardized framework for dollar-backed stablecoins and is widely seen as the first concrete step toward broader regulation. Scott’s timeline aligns with remarks from Kristin Smith, CEO of the Blockchain Association , who has echoed similar expectations for legislation covering both crypto market structure and stablecoins by late summer. The coordinated push from both lawmakers and industry advocates suggests a rare moment of unity on Capitol Hill. Growing Political Will for Regulation Crypto’s evolution from a niche sector to a key player in the global financial system has brought increased scrutiny — and opportunity. As U.S. officials eye competition from jurisdictions like the EU and UAE, calls for a clear legal framework have grown louder. At the Digital Assets Summit held in New York City this March, Democratic Representative Ro Khanna expressed confidence that the necessary bills will pass before year’s end. According to Khanna, more than 70 fellow Democrats now recognize the strategic importance of dollar-pegged digital assets. He also emphasized that stablecoins, when issued responsibly, could boost demand for the U.S. dollar globally — particularly in emerging markets where traditional banking is limited. Stablecoins Take Center Stage Bo Hines, who leads the President’s Council of Advisers on Digital Assets, offered an even more optimistic timeline. Speaking at the same summit, Hines suggested stablecoin legislation could clear Congress within the next 60 days. He also stressed that establishing U.S. leadership in crypto isn’t just an economic priority — it’s a national interest that transcends partisan divides. With both houses of Congress inching toward consensus and the White House backing innovation-led regulation, 2025 could be the year crypto finally gets a legal framework to grow — on U.S. soil and U.S. terms. The post Crypto Legislation Could Arrive by August, Says Senator Tim Scott appeared first on TheCoinrise.com .

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