Congress on the right track for stablecoin, market structure bills by August: Blockchain Association

Christine Smith, CEO of the Call Group in the industry, said the Bluchin Association, during the 2025 digital assets summit in New York, said that legislators in the United States are walking in the right track to pass the rules for identifying the legislation for Stablecoins and Cryptocurrency Market by August, in August, said Christine Smith, President, said President The Blockchain Association Execution Group Executive Executive During the 2025 Digital Assets in New York.

Smith’s timetable is chanted by similar expectations by Bo Hines, CEO of the Chairman’s Chamber of Chamber Comprehensive streakoin legislation in the coming months.

“I think we are about to be able to accomplish those who have done August […] Smith said on March 19 at the summit, which was attended by Cointelegraph.

She added: “I am optimistic when you have chairs from the relevant committees in the House of Representatives, the Senate and the White House that want to do something and got voices from the two parties in the Congress to reach there.”

Support the two parties

At the top of digital assets on March 18, a member of the Democratic Congress said that he believed that Congress “should be able to get”. The bills of the Stablecoin and Crypto Market In 2025.

According to khanna, approximately 70 to 80 democratically sees that Stablecoin’s legislation is important to enhance American influence by expanding the scope of access to the dollar worldwide.

“For the first time, they are similar to something we can actually do, but to do this, you must have at least 7 democratic votes in the Senate,” Smith said, adding, “We already have 5 votes at the committee level.”

Last week, the Senate Banking Committee approved the Genius Act, an abbreviation to guide and create the national innovation of the American Stablecoins.

The proposed draft law determines guarantee guidelines for Stablecoin Exporters and provides for compliance with the anti -money laundering laws (AML).

In 2024, the House of Representatives approved financial innovation and technology for the law of the twenty -first century, also known as Fit21, which defines the basic rules of the encryption market structure.

The draft law still needs to pass it in the Senate to become a law.

Crypto executive officials said this industry It will benefit more than the American organizational clarity Even from strategic bitcoin reserves.

On March 6, US President Donald Trump signed an executive matter that creates a strategic bitcoin reserve and the digital asset store, which made a promise in the campaign he presented in 2024.

“The markets expect a road map for innovation and clear guidelines about Stablecoins, institutional adoption and taxes,” Max Giario, CEO of Web3 Instalence Startup told CointeleGraph in March.

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