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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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Iolite Vol.20

Iolite Vol.20

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29

Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.