Tim Scott, chairman of the US Senate Committee on banks, housing and urban issues, predicted that the encryption market bill would be passed by the law by August 2025.
The chairman also noted the development of the Genius Act by the Senate Bank Commission in March 2025. Scott said in a statement on Fox News:
“We must innovate before regulation. Innovation of digital asset space at home is important for US economic domination around the world.”
Scott’s timeline for the encryption market structure meets the market structure of Kristin Smith, the CEO of Crypto Industry Groupchain Association, and Kristin Smith, the CEO of the Stablecoin Law.
The Trump administration emphasized that comprehensive encryption regulations are the core of the plan to establish a state as a global leader of digital assets by protecting the value of the US dollar and attracting investment in US -based encryption companies.
Senator Tim Scott emphasizes the goals and achievements of the Senate Bank Commission in 2025. Source: Fox News
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Comprehensive encryption regulations are supported by both parties.
US lawmakers and civil servants expect a clear encryption policy to be established and signed by the legislative support of the Congress.
On March 18, while speaking at the Digital Asset Summit in New York City, Ro Khanna, the Democratic Party’s representative, predicts that both market rescue and Starble Recoin bills will be passed this year.
Democrats added that there are about 70-80 other representatives who understand the importance of passing clear digital asset regulations in the United States.
The finance Minister Scott Bessent took the right picture to the left, and at the White House encryption summit, President Donald Trump and the White House encryption summit. source: White House
KHANNA stressed that fellow Democrats support the Dollar Token due to the role of the dollar token in expanding demand for US dollars around the world through the Internet.
He spoke at the BO HINES Do Conference, director of the Presidential Advisory Council on digital assets, and predicted that stable law would be passed within 60 days.
Heinz emphasized that establishing US dominance in digital asset space is the goal of a widespread support for the widespread controversy in Washington DC.
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