U.S. Crypto Market Regulation Bill Targeted for Completion by September 30

U.S. Senator Tim Scott, chairman of the Senate Banking Committee, announced that crypto legislation setting rules for digital asset markets could be finalized by September 30. This timeline lands after President Donald Trump’s preferred August deadline, but ahead of the year-end prediction from key lawmakers like Senator Cynthia Lummis.

Speaking at a press event on Thursday, Scott told White House crypto adviser Bo Hines that completing both the crypto market structure bill and the Senate-passed stablecoin legislation—the GENIUS Act—before the end of September is “a realistic expectation.” Lummis, who leads the Senate’s digital assets subcommittee, agreed, affirming her support for Scott’s schedule.

The House of Representatives, however, has not yet aligned with the Senate’s approach. While the House’s Digital Asset Market Clarity Act has advanced through key committees, House Financial Services Committee Chairman French Hill has not committed to taking up the GENIUS Act. Hill cited unresolved differences between the Senate and House versions of stablecoin regulation, suggesting potential delays.

White House adviser Bo Hines emphasized President Trump’s support for the Senate’s stablecoin bill and urged the House to adopt it without changes. He praised Scott and Lummis for committing to a clear timeline.

One key obstacle remains: the Senate Agriculture Committee, which also has jurisdiction over crypto market structure, has yet to weigh in. Without its involvement, progress could stall.

Still, Scott remained confident, stating, “I believe that we can do both [market structure and stablecoins] in a very time-sensitive manner,” calling the House’s Clarity Act a “strong template” for bipartisan progress.

The push for comprehensive crypto regulation reflects growing urgency to bring clarity and investor protections to the rapidly evolving U.S. digital asset market.