Senator Tim Scott (R-SC) recently announced that U.S. lawmakers are working towards finalizing cryptocurrency market structure legislation by September of this year. This deadline was set during a fireside chat on Capitol Hill where Senator Scott was joined by Senator Cynthia Lummis (R-WY) and Bo Hines, the head of the President’s Council of Advisers on Digital Assets of the White House.
During the discussion, Senator Scott expressed his commitment to completing the legislation by September 30, stating that it is a realistic expectation. Bo Hines echoed this sentiment, emphasizing that they are dedicated to getting the market structure legislation done by the end of September without any delays.
The announcement of this deadline was met with enthusiasm from key players in the cryptocurrency industry. Coinbase CEO Brian Armstrong praised the clear path forward and thanked David Sacks for delivering the White House’s commitment to working with Senators Scott and Lummis on this initiative. Additionally, Colin McCune, Head of Government Affairs at a16z, expressed strong support for the effort to pass comprehensive crypto market structure legislation by the September deadline.
This push for legislation comes at a time of increased activity in Congress surrounding cryptocurrency regulation, with the recent passing of the GENIUS Act by the Senate as a notable milestone. Senator Lummis emphasized the importance of passing both the crypto market structure legislation and the GENIUS Act by the end of 2025 to provide clear and effective rules for American consumers and crypto builders.
With the deadline for the crypto market structure bill set for September 30, it appears that 2026 may usher in a new era of cryptocurrency guidelines. The collaboration between lawmakers, industry leaders, and government officials signals a promising future for the regulation of digital assets in the United States.