U.S. Lawmakers Target September for Landmark Crypto Bill, Aims to Transform Industry Framework

Key U.S. lawmakers have set a firm deadline of late September to pass comprehensive legislation on crypto market structure and stablecoin regulation. The push reflects bipartisan intent to introduce clarity and foster responsible growth in the digital asset sector.

Jun 27, 2025 - 10:39
Jun 27, 2025 - 11:19
U.S. Lawmakers Target September for Landmark Crypto Bill, Aims to Transform Industry Framework
U.S. Lawmakers Target September for Landmark Crypto Bill, Aims to Transform Industry Framework

September Deadline Set by Senate Leaders

Senators Tim Scott (R-SC) and Cynthia Lummis (R-WY) have publicly stated their goal to finalise the crypto market structure bill by September 30. This deadline aligns with the effort to advance stablecoin legislation, such as the GENIUS Act, before Congress adjourns for the fall recess.

Sen. Scott underscored the urgency, confirming that the Senate Banking Committee is working toward a formal review and passage on or before the September end date .


Bipartisan Push Amid Regulatory Momentum

Lawmakers and White House advisors, including crypto policy expert David Sacks, have endorsed the September timeline, noting increased urgency following the Senate’s approval of the GENIUS Act, which sets standards for reserve backing and issuer oversight of stablecoins .

Sen. Lummis voiced her support, saying she could be “extremely disappointed” if both the market structure and stablecoin bills are not enacted by year’s end—though September remains the official goal.


Why It Matters

  • Regulatory clarity: These bills aim to define which digital assets fall under SEC versus CFTC jurisdiction, a key legal hurdle that has hindered innovation.
  • Institutional adoption: Clear governance structures for exchanges, trading platforms, and stablecoins could attract major financial institutions.
  • Market stability: With guidelines expected on stablecoin reserves, issuer accountability, and market oversight, the U.S. may regain momentum in global fintech competition.

Remaining Hurdles

The timeline remains ambitious. Though the Senate has passed the GENIUS Act, the House has yet to merge it with the market structure bill. The latter must still receive votes in both the House Financial Services and Agriculture Committees, as well as full chamber approval—steps that could delay final enactment.


Outlook:

The bipartisan framework and White House backing suggest strong momentum toward finalising U.S. crypto legislation by September. If successful, the new regulatory environment could reshape crypto market clarity, enable safer institutional participation, and strengthen the legal foundation underpinning digital asset ecosystems.