Senator Tim Scott, the chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, recently said that he expects a crypto market bill to be passed into law by August 2025.
The chairman also noted the Senate Banking Committee’s data-ct-non-breakable=”null” href=”https://cointelegraph.com/news/senate-banking-committee-advances-genius-stablecoin-bill” rel=”null” target=”null” text=”null” title=”null”>advancement of the GENIUS Act, a comprehensive stablecoin regulatory bill, in March 2025, as evidence that the committee prioritizes crypto policy. In a data-ct-non-breakable=”null” href=”https://www.foxnews.com/video/6371363053112″ rel=”null” target=”null” text=”null” title=”null”>statement to Fox News, Scott said:
“We must innovate before we regulate — allowing innovation in the digital asset space to happen here at home is critical to… lockquote>
