U.S. Representative French Hill, the Chairman of the Digital Assets Subcommittee, outlined that the Stablecoin legislation could pass by the end of the year. Hill also discussed the potential removal of SEC Chairman Gary Gensler.

Stablecoin Legislation Approval Process

In the Thinking Crypto Podcast, French Hill indicated that the House of Representatives could pass the Stablecoin bill by the end of this year. If not approved, his committee will prioritize it next year. New Congressional members' election would require the bill to be reintroduced, possibly passing in the second quarter.

Gensler’s Tenure Insights

Hill provided insights on how Donald Trump might remove SEC Chairman Gary Gensler, stressing that Gensler’s tenure lasts until 2026, making it complex. SEC's status as an independent agency complicates this. Yet, Trump might request his resignation.

Cryptocurrency Regulations

The upcoming U.S. Congress is expected to significantly support cryptocurrency. Politicians hesitated to make hostile statements about cryptocurrencies, leading to smoother Stablecoin bill acceptance. Tether CEO Paolo Ardoino has also called for stablecoin regulations in the U.S.

Insights shared by French Hill shed light on the future of cryptocurrency and digital asset regulations in the U.S., crucial for the industry's support and growth.