US lawmakers are nearing the passage of legislation focused on stablecoins and cryptocurrency market structure by August 2025, according to Kristin Smith, CEO of the Blockchain Association. This claim aligns with predictions from Bo Hines, executive director of the President’s Council of Advisers on Digital Assets. Congressman Ro Khanna noted that around 70 to 80 Democrats support stablecoin legislation, emphasizing its importance for US global influence. The Senate Banking Committee has already endorsed the GENIUS Act, which sets guidelines for stablecoin collateralization and compliance with anti-money laundering laws. Meanwhile, the Financial Innovation and Technology for the 21st Century Act, passed by the House in 2024, awaits Senate approval to establish crypto market structure rules. These developments are seen as fostering innovation and institutional adoption, particularly following President Trump’s recent executive order creating a US Strategic Bitcoin Reserve.

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