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United States lawmakers are connected way to walk authorities mounting rules for stablecoins and cryptocurrency marketplace operation by arsenic soon arsenic August, Kristin Smith, CEO of manufacture advocacy radical the Blockchain Association, said during Blockworks’ 2025 Digital Asset Summit successful New York.
Smith’s timeline echoes a akin forecast by Bo Hines, the enforcement manager of the President’s Council of Advisers connected Digital Assets, who said connected March 18 that helium expects to spot comprehensive stablecoin authorities successful the coming months.
“I deliberation we’re adjacent to being capable to get those done for August […] they’re doing a batch of enactment connected that down the scenes close now,” Smith said connected March 19 astatine the Summit, which was attended by Cointelegraph.
“I’m optimistic erstwhile you person the chairs of the applicable committees successful the House and the Senate and the White House that privation to bash thing and you’ve got bipartisan votes successful Congress to get it there,” she added.
US President Donald Trump sits beside Treasury Secretary Scott Bessent astatine the March 7 White House Crypto Summit. Source: The Associated Press
Bipartisan support
At the Digital Assets Summit connected March 18, Democratic Congressman Ro Khanna said helium believes Congress “should beryllium capable to get” some the stablecoin and crypto marketplace operation bills passed in 2025.
According to Khanna, astir 70 to 80 Democrats spot stablecoin authorities arsenic important for promoting US power by expanding entree to dollars globally.
“For the archetypal clip those are really similar thing we’re capable to get done, but to bash that you request to person astatine slightest 7 Democratic votes successful the Senate,” Smith said, adding that “we already person 5 votes astatine the committee level.”
Last week, the Senate Banking Committee approved the GENIUS Act, which is an acronym for Guiding and Establishing National Innovation for US Stablecoins.
The projected measure sets collateralization guidelines for stablecoin issuers and mandates compliance with Anti-Money Laundering (AML) laws.
In 2024, the House of Representatives passed the Financial Innovation and Technology for the 21st Century Act, besides known arsenic FIT21, which sets crushed rules for crypto marketplace structure.
The measure inactive needs to walk successful the Senate to go law.
Executives successful crypto person said that the manufacture will payment much from US regulatory clarity than adjacent the strategical Bitcoin reserve.
On March 6, US President Donald Trump signed an enforcement bid creating a US Strategic Bitcoin Reserve and Digital Asset Stockpile, fulfilling a run committedness helium made successful 2024.
“Markets expect a roadmap for innovation and wide guidelines connected stablecoins, organization adoption and taxation,” Max Giammario, CEO of Web3 artificial quality startup Kindred, told Cointelegraph successful March.
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