U.S. Senator Tim Scott Expects Crypto Market Structure Bill by September 30

U.S. Senator Tim Scott announced that legislation for crypto market regulations will be completed by September 30. This timeline is later than President Trump's August target but earlier than year-end predictions from other lawmakers.

Scott emphasized the urgency for the House of Representatives to approve the stablecoin bill, which the Senate passed last week.
He stated the goal is to finalize market structure guidelines before the end of September.
Senator Cynthia Lummis confirmed her support for Scott's timeline.
House lawmakers have not disclosed their strategy regarding the related bills on crypto market structure and stablecoins.
Representative French Hill indicated that further discussions are needed between the Senate's GENIUS Act and the House's stablecoin legislation.
The Senate Agriculture Committee has not prioritized this legislation, potentially delaying the process.
The White House supports swift passage of the stablecoin bill without additional amendments.
Scott views the House’s Clarity Act as a strong model for moving forward.