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Senate Banking Chairman Confident Cryptocurrency Bill Will Pass by August

2025/04/14 16:57 (Updated 2025/04/15 10:01)
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Written by Naoko Koda
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Senate Banking Chairman Confident Cryptocurrency Bill Will Pass by August

Progress of cryptocurrency bill

In an exclusive interview with FOX News Digital, Senator Tim Scott (Republican), Chairman of the U.S. Senate Banking Committee (official name: Banking, Housing, and Urban Affairs Committee), expressed his belief that the Market Structure Bill for cryptocurrencies will be enacted by August 2025.

Looking back on his 100 days as Chairman, Senator Scott emphasized the significance of the committee passing the Guiding and Establishing National Innovation in U.S. Stablecoins Act (GENIUS Bill) and the Financial Integrity and Regulatory Management Act (FIRM Bill) and moving them to the full Senate for deliberation.

The GENIUS Bill...

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MAGAZINE
Iolite Vol.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.