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Homepage > News > Business > US legislation plans firm up as Trump’s ‘crypto’ ventures grow U.S. politicians claim they plan to get digital asset legislation onto the desk of President Donald Trump, whose crypto ventures seem to have found a new gear for growth. As Congress focuses intently on Trump’s ‘big, beautiful’ (and highly controversial) spending bill, the strategy for passing stablecoin and market structure legislation is growing clearer. That said, the timelines might not match Trump’s demands for accelerated action. On June 26, Senators Tim Scott (R-SC) and Cynthia Lummis (R-WY) held a ‘fireside chat’ with Bo Hines, the White House-appointed executive director of the Presidential Council of Advisers for Digital Assets. Among the chat topics were the dueling strategies of the Senate and House of Representatives on how best to proceed to get mutually acceptable crypto legislation onto Trump’s desk for signing. The Senate has approved their stablecoin bill (GENIUS), while the House has yet to hold a floor vote on theirs (STABLE). Meanwhile, the House has successfully steered its market structure bill (CLARITY) through two committees while the Senate has so far released only ‘principles’ of its own market structure plan. The day before this chat, Lummis alarmed some observers at the Bitcoin Policy Summit in Washington by declaring that she hoped both crypto policy bills would pass “I think before the end of this calendar year.” That’s a far slower timetable than the more optimistic (and unrealistic) plans from this spring, which envisioned Trump signing bills into law by July 4. During Thursday’s chat, Lummis said the Senate hopes to release a market structure draft bill “before the August recess, then mark it up in September.” Scott concurred, saying he wants to ensure “there is a timeline for market structure to be completed by September…

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Filed under: News - @ July 1, 2025 11:22 am