The month of September 2025 is shaping up to be a significant one in terms of cryptocurrency regulation in the United States. Several key bills are currently under discussion in Congress, with the aim of further tightening anti-money laundering controls and enhancing market structure for digital assets.
The GENIUS Act, which was recently signed into law by President Donald Trump, is the first federal regulatory framework specifically targeting stablecoins. However, lawmakers are still looking to strengthen the anti-money laundering measures and impose stricter restrictions on foreign issuers within this legislation.
Another important bill on the agenda is the CLARITY Act, which aims to establish a comprehensive market structure for digital assets, clarify regulatory oversight between agencies, and create new asset categories. The Senate Banking Committee is working towards finalizing this legislation by September 30, 2025, with the goal of boosting innovation in the crypto space and providing greater protection for consumers.
The Anti-CBDC Surveillance State Act is also under discussion, seeking to prevent the Federal Reserve from issuing a retail central bank digital currency without explicit Congressional authorization. This bill will be debated in the Senate as part of broader financial regulation efforts.
In addition, the Senate Crypto Market Structure Bill, also known as the “Responsible Financial Innovation Act of 2025,” is expected to pass the Senate Banking Committee by the end of September. This legislation focuses on enhancing market integrity and investor protection in the crypto space.
The impact of these discussions on stablecoin issuers is significant, with stricter rules set to limit issuance to only banks, federally qualified fintech firms, and state-regulated entities that meet specific standards. The legislation will also increase transparency and require rigorous audits to ensure compliance with anti-money laundering and financial crime controls.
As Congress prepares to tackle these important bills in September, the cryptocurrency community is eagerly watching to see how these regulations will shape the future of the industry. Stay tuned for updates on these developments and their implications for the crypto market.