US Congress Races Towards Crypto Regulation Deadline Amidst Skepticism

A tight deadline of August 4th looms for US Congress as they race towards finalizing crypto regulations, with crucial market structure and stablecoin legislation at the forefront. The House Financial Services Committee is leading the charge, setting hearings for June 4th and aiming to implement a bill on stablecoins before broader market rules are established. This push is driven by increasing SEC involvement, seeking regulatory clarity in the rapidly evolving crypto landscape.