Senator Tim Scott, Chairman of the US Senate Committee on Banking, Housing, and Urban Affairs, believes a comprehensive crypto market structure bill will be passed into law by August 2025. This expectation aligns with predictions from Kristin Smith, CEO of the Blockchain Association, who anticipates similar legislation regarding stablecoin regulation being introduced before then. Scott emphasizes the importance of fostering innovation in the digital asset space while emphasizing its impact on US economic dominance globally. The Senate Banking Committee’s work on the GENIUS Act, a comprehensive stablecoin regulatory bill, serves as evidence of this commitment. Scott’s timeline coincides with expectations from other key players, including Representative Ro Khanna, who anticipates both market structure and stablecoin bills to pass in 2023, with bipartisan support garnered from within the Democratic Party. Treasury Secretary Scott Bessent, President Donald Trump, and crypto czar David Sacks also emphasize the importance of comprehensive regulations for protecting the US dollar and promoting investment in US-based firms. Republican Congressman Tim Scott’s view on regulation is supported by Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, who expects stablecoin legislation to be passed within 60 days. This highlights bipartisan support for establishing clear crypto policies in the United States. The consensus among lawmakers, officials and industry leaders signifies a growing understanding of the need for strong regulation to shape the future of the digital asset space.