US Lawmakers Set September Deadline for Crypto Laws, Vow Global Leadership
2025-06-29 23:58:24
Main Idea
U.S. lawmakers aim to finalize landmark crypto legislation by September to establish America's global leadership in crypto innovation.
Key Points
1. Senate Banking Committee Chairman Tim Scott and Subcommittee on Digital Assets Chair Cynthia Lummis set a September 30 deadline for finalizing market structure legislation.
2. The GENIUS Act, passed by the Senate on June 17, aims to establish a regulatory framework for payment stablecoins.
3. Lawmakers emphasize the need for clear regulatory frameworks to maintain U.S. leadership in the crypto industry.
4. New principles released by Scott and Lummis are expected to shape the final legislative proposal.
Description
U.S. lawmakers are racing to finalize landmark crypto legislation by September, aiming to lock in America’s dominance as the global leader in digital asset innovation. Lawmakers Unveil Legislative Priorities to Cement US Leadership in Cryptocurrency U.S. lawmakers are setting a definitive tone for digital asset leadership, targeting legislation to cement America as the global hub
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