Yigit Taha OZTURK 
Senator Tim Scott, chairman of the U.S. Senate Committee on Banking, said he is confident that a comprehensive crypto market structure bill will be passed into law by August 2025.
In a statement to Fox News, Scott cited the committee’s progress on the GENIUS Act, a regulatory bill for stablecoins passed in March 2025, as a strong sign of the Senate’s commitment to crypto policy.
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“We must innovate before we regulate — allowing innovation in the digital asset space to happen here at home is critical to American economic dominance across the globe.”
— Senator Tim Scott
Scott’s timeline aligns with Kristin Smith, CEO of the Blockchain Association, who also anticipates that market structure and stablecoin legislation will be finalized by the end of summer.
Bipartisan Support Grows
At the Digital Assets Summit in NYC on March 18, Democrat Rep. Ro Khanna said he expects both bills to pass this year, noting that 70–80 House Democrats support clearer digital asset policies.
The Trump administration has made crypto regulation a strategic priority for preserving the U.S. dollar’s value and ensuring America leads global digital asset innovation.
Bo Hines, executive director of the White House Council of Advisers on Digital Assets, added that stablecoin legislation could pass within 60 days, emphasizing strong bipartisan support.
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