U.S. Congress Races Against Time to Finalize Cryptocurrency Bills Before August Deadline

With the August deadline set by former President Donald Trump looming, U.S. lawmakers are now prioritizing legislation regarding cryptocurrency. The House Financial Services Committee and the Agriculture Committee will meet on May 6th to discuss a legislative framework for digital assets in a bid to expedite the process of finalizing stablecoin and market structure bills. Meanwhile, the Senate is actively integrating elements from the Lummis-Gillibrand bill and the FIT21 bill as they push forward with their own legislation on this issue.