Crypto Regulations Are Coming! U.S. Lawmakers Set September Deadline
U.S. Senate Targets September 30 Deadline for New Crypto Regulations
Senator Tim Scott Says Crypto Market Structure Bill Is Nearly Ready
WASHINGTON, D.C. — The U.S. is moving closer to finally putting clear rules around crypto. On Thursday, Senator Tim Scott, head of the powerful Senate Banking Committee, told a White House adviser that a full crypto market structure bill will be done by September 30.
This timeline is later than what President Donald Trump had hoped for, but it’s still earlier than some lawmakers had previously predicted.
At a press event in Washington, Scott said he believed the new crypto law — covering how digital assets are regulated — can be wrapped up before the end of the fiscal year.
“I think that is a realistic expectation,” said Scott.
Trump’s Adviser Urges Speed on Stablecoin Bill
Senate Passed It — But Will the House Agree?
The conversation happened between Senator Scott and Bo Hines, crypto adviser to President Trump. Hines emphasized that the President wants the House of Representatives to approve the Senate’s stablecoin bill right away, without changes.
That bill, called the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), was passed by the Senate last week. But the House hasn’t yet confirmed its plan for stablecoins — and that’s causing some delays.
Competing Timelines: Trump vs. Congress
August, September, or End of Year?
There’s a clash of timelines behind the scenes in Washington:
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President Trump wants everything wrapped up by the August recess
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Senator Tim Scott says the crypto market structure bill can be done by September 30
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Senator Cynthia Lummis said earlier this week that the legislation might drag on until the end of 2025
But at Thursday’s event, Lummis quickly supported Scott’s deadline.
“Yes, sir. You’re the chairman, and we will do as you wish,” she said.
What’s Actually in These Crypto Bills
Two Main Pieces: Market Structure & Stablecoins
There are two key crypto bills in play:
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Crypto Market Structure Bill – Defines which digital assets fall under which agencies (like SEC or CFTC), and how exchanges, brokers, and investors must operate legally in the U.S.
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Stablecoin Legislation (GENIUS Act) – Creates rules for issuing and managing stablecoins, which are digital tokens tied to real-world assets like the U.S. dollar.
The Senate has moved faster on stablecoins, while the House was originally leading on market structure through its own bill — the Digital Asset Market Clarity Act.
What’s Holding the House Back
Key Lawmakers Still Working Out Differences
Representative French Hill, chairman of the House Financial Services Committee, has stayed quiet on whether the House will quickly approve the GENIUS Act.
He hinted that the House has its own stablecoin bill, and some parts may conflict with what the Senate passed. This means the two chambers will need to negotiate — possibly delaying the whole process.
“Some issues need to be worked out,” Hill noted this week.
So while the Senate is pushing fast, the House might take a longer route to compromise.
Missing Piece: The Senate Agriculture Committee
One Key Committee Isn’t Moving Fast
Another obstacle? The Senate Agriculture Committee still hasn’t engaged much with the legislation. Their approval is critical, especially since parts of the crypto market — like futures and derivatives — fall under their jurisdiction.
Senator Lummis acknowledged after Thursday’s press event that not all Senate committees have shown the same urgency.
Without full cooperation from both chambers and all relevant committees, even a strong push from Scott and Lummis may not be enough to meet the deadline.
White House Adviser Bo Hines Supports Quick Action
Says Lawmakers “Understand What’s Happening”
Bo Hines, Trump’s crypto adviser, praised the momentum from Scott and Lummis.
“I think it’s very clear you both understand what’s happening,” he said.
Hines also repeated Trump’s position: He wants the stablecoin law passed quickly, without edits. That would send it straight to his desk for signing.
Senator Scott agreed, saying:
“The president’s mandate of moving GENIUS Act immediately to his desk is in the best interest of the American people.”
What Comes Next for Crypto Rules in the U.S.?
Despite the political back-and-forth, the U.S. is finally closing in on a clear legal path for crypto. If both the market structure bill and stablecoin bill are passed by September, it would be a major breakthrough for the industry.
The legislation will:
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Give regulatory clarity to exchanges and crypto businesses
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Set up guardrails for stablecoins tied to the dollar
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Define roles for agencies like SEC and CFTC
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Help the U.S. compete with Europe’s MiCA laws and Hong Kong’s regulatory push
For investors, developers, and exchanges, September 30 could be a turning point.
Why This Crypto Law Matters
After years of uncertainty, the U.S. is getting closer to real crypto legislation. Clear rules could:
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Protect investors
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Attract more institutional capital
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Push out bad actors
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And help the U.S. lead global digital finance innovation
But delays in the House or other Senate committees could still throw things off course. The next few months will be critical.
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