Breaking: Tim Scott Confirms U.S. Crypto Regulation Bill Deadline – September 30th or Bust
Washington's playing catch-up with the crypto revolution—and the clock's ticking. Senator Tim Scott just dropped the deadline that'll either spark the next bull run or send lawyers into a fee-generating frenzy.
The Regulatory Countdown Begins
Mark your calendars: September 30th is D-Day for digital asset legislation. After years of 'wait-and-see' from DC, this bill could finally replace regulatory guesswork with something resembling rules. Market makers are already pricing in the volatility.
What's at Stake?
Clear rules could legitimize crypto for institutional money—or strangle innovation with compliance costs so steep only Wall Street players can afford to play. Either way, the SEC's enforcement-by-lawsuit approach might finally get some competition.
Funny how Congress moves at blockchain speed when election season's around the corner. Maybe they've finally realized those crypto donors prefer policies over pork barrels.
After months of debate, the U.S. crypto regulation bill is now expected to be finalized by September 30, according to Senator Tim Scott, chairman of the Senate Banking Committee. Speaking at a Capitol Hill press event, Scott confirmed that the legislation—covering both stablecoins and broader crypto regulations—is on track for completion by the end of September.
NEW: SENATE BANKING CHAIR SCOTT SAYS MAJOR #BITCOIN AND CRYPTO BILLS WILL BE PASSED BY AUGUST
"DIGITAL ASSETS ARE CRITICAL TO AMERICAN DOMINANCE."
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Trump’s Timeline vs. Congress Reality
President Donald TRUMP had pushed for crypto laws to be ready by August. While that won’t happen, Scott’s updated timeline is still faster than what many expected. Just a day earlier, Senator Cynthia Lummis had suggested the process might drag into year-end. But during the event, she threw her support behind Scott’s deadline, saying, “Yes, sir. You’re the chairman, and we will do as you wish.”
GENIUS Act Ready—But House Still Hesitating
A big piece of the puzzle is the GENIUS Act, a bill focused on regulating stablecoins. The Senate passed it last week, and Scott urged the House of Representatives to fast-track it to the President’s desk, aligning with Trump’s stance. “The president’s mandate to MOVE the GENIUS Act immediately is in the best interest of the American people,” Scott emphasized.
[post_titles_links postid=”475444″]White House crypto adviser Bo Hines backed the push, praising both Scott and Lummis for staying aligned with the administration’s crypto vision. But not everyone’s in sync. Representative French Hill from the House Financial Services Committee pointed out that differences still exist between the Senate’s version and the House’s stablecoin bill. That could delay things.
One More Hurdle?
Another hurdle is the Agriculture Committee, which must also approve the market structure part of the bill. So far, it hasn’t matched the pace of the Banking Committee, making it a possible bottleneck.
Still, if everything comes together, the U.S. could have a full crypto framework by the end of September, finally giving the industry the clarity it’s been waiting for.
[article_inside_subscriber_shortcode title=”Never Miss a Beat in the Crypto World!” description=”Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.” category_name=”News” category_id=”6″]FAQs
What is the U.S. crypto regulation bill?It’s comprehensive legislation expected by Sept 30, aiming to create a federal regulatory framework for stablecoins (like the GENIUS Act) and broader crypto market structure.
How will the new U.S. crypto framework benefit the industry?A finalized framework by September WOULD provide much-needed regulatory clarity for the crypto industry, fostering innovation and stability.
