Senator Tim Scott has established a target date of August 2025 to pass a comprehensive crypto market structure bill. This ambitious timeline, driven by Scott’s chairmanship of the Senate Banking Committee and his support for stablecoin regulation, aligns with predictions from industry experts like Kristin Smith, CEO of the Blockchain Association, who anticipates both market structure and stablecoin legislation reaching fruition by August. Scott has highlighted progress in advancing crypto regulatory frameworks, including the recent movement of the GENIUS Act stablecoin bill through the Senate Banking Committee. 70-80 Democratic lawmakers are also on board with this agenda, recognizing the need for digital asset regulation as demonstrated by Democrat Representative Ro Khanna’s strong support. The President’s Council of Advisers on Digital Assets backs the bill, emphasizing the potential for U.S. dominance in the digital asset space and advocating for clear rules within the crypto market.