Both the Senate's stablecoin bill and the House's market structure legislation are nearing crucial votes. The House Financial Services Committee may finalize the Digital Asset Market Clarity Act next week, while the Senate is close to passing the GENIUS Act on stablecoins. Despite years of waiting, these legislative moves indicate progress toward regulatory clarity for the crypto industry. On the House side, a markup on the Clarity Act is set, and if the vote passes, it will advance to the larger House for consideration. The Senate may also hold votes on the GENIUS Act, which advocates foresee will gain significant bipartisan support. However, whether these bills will reach the President's desk by August remains uncertain, as skepticism about timelines persists. Solutions like merging the two bills into a single vote have been proposed, yet some lawmakers may resist this approach. Meanwhile, concerns over President Trump's crypto ties continue, notably with developments like his media firm's Bitcoin ETF application. Overall, progress appears likely but may stretch further into the year.

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