U.S. crypto legislation has entered a critical period, and the market structure and stablecoin bill are facing a deadline in August

PANews
PANews
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PANews reported on May 26 that according to Crypto In America, the legislative process of the U.S. Congress around the structure of the crypto market and the regulation of stablecoins has entered a sprint stage. French Hill, chairman of the House Financial Services Committee, announced that a second full hearing will be held on June 4 and plans to consider the bill on June 10. President Trump's August 4 legislative deadline is less than 70 days, but the industry is skeptical that the market structure bill will pass in time.

At the same time, the SEC's crypto working group has held 104 meetings with the industry, continued to explore regulatory pathways, and communicated with projects such as Ripple on regulatory clarity and "safe harbor" mechanisms. In terms of stablecoin legislation, the GENIUS bill may be passed by the Senate and then sent to the House of Representatives for signature by the president, which is expected to be implemented before the market structure bill.

Congress adjourns this week, and some pro-crypto lawmakers and officials will attend the Bitcoin conference in Las Vegas. The conference will feature speakers including Vice President J.D. Vance, Senators Lummis and Hagerty, Michael Saylor, and members of the Trump family.

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