US lawmakers are moving toward passing legislation that will regulate stablecoins and the structure of the cryptocurrency market by August 2025, according to Blockchain Association CEO Kristin Smith.
Context and Official Statements
Speaking at the Blockworks’ 2025 Digital Asset Summit in New York, Kristin Smith indicated that the stablecoin legislation might be set by August 2025. This was supported by Bo Hines from the President’s Council of Advisers on Digital Assets.
Legislative Process and Support
Democratic Congressman Ro Khanna expressed confidence that the bills could pass in 2025. He noted that about 70 to 80 Democrats view stablecoin regulation as key to enhancing US global influence.
Impact on Crypto Market
Following the Senate Banking Committee's approval of the GENIUS Act for stablecoin issuer standards, industry leaders expect regulatory clarity to boost crypto market development.
The regulation of stablecoins and the crypto market structure aims to strengthen the US’s position in the global financial system and offers new growth opportunities for the industry.
