Washington has decided it’s crypto’s time to shine—again. A group of lawmakers is trying (emphasis on *trying*) to push stablecoin and crypto market structure bills through Congress. This latest push is being framed as part of former President Trump’s plan to give crypto the home it’s always dreamed of: the United States.
So, What’s Actually Happening?
During the Digital Chamber’s Blockchain Summit 2025 in D.C.—basically crypto Comic-Con for suits—Republican lawmakers came out swinging with promises of new legislation “in the next few days.” That includes updates to something called FIT 21, a bill that’s supposed to give the crypto industry some regulatory bumpers.
Rep. French Hill (R-AR) and Sen. Tim Scott (R-SC) were among the ones on stage. Hill talked about timelines, while Scott reminded everyone that businesses crave “certainty and predictability.” Translation: crypto companies want to know if what they’re doing will land them in jail or not.
Meanwhile, Rep. Bryan Steil (R-WI), who heads the House Financial Services Crypto Subcommittee (yes, that’s a thing), teased a new stablecoin bill dropping… the same day. And surprise—it did.
Trump’s Crypto Playbook: Still Open
Trump’s been talking a big game about making America the “crypto capital of the world.” His go-to guy for all things digital currency, David Sacks, said they’d get both a stablecoin bill and a crypto market structure bill passed within Trump’s first 100 days if he returns to office.
Spoiler alert: that timeline was wildly optimistic. But some lawmakers are clearly trying to show they’re serious about this, even if they’re moving at a pace more “government bureaucracy” than “Silicon Valley startup.”
The Big Summer Push (Maybe)
At the same panel, Sen. Bernie Moreno (R-OH) tried to rally the troops and set a deadline: get the crypto market structure bill passed by Congress’ summer recess in early August. He even threw in acronyms like “Genius Act” and “SBR” to really sound like progress is happening.
Sen. Kirsten Gillibrand (D-NY), however, was quick to pour a little cold water on the hype. Her take: Don’t get your hopes up for the full package by August, but hey—we might get a stablecoin bill through the door.
If you’re wondering, stablecoins are digital currencies pegged to something stable like the U.S. dollar. The idea is they’re not supposed to wildly swing in value like, say, Dogecoin after an Elon Musk tweet.
Why This Even Matters
Right now, U.S. crypto companies are stuck in a weird legal limbo. There’s no clear rulebook, and federal agencies keep playing regulatory hot potato. That’s not great for innovation—or investor confidence.
Passing real, workable legislation could finally give the crypto industry what it’s been begging for: clarity. The kind of clarity that lets companies know what’s legal, what’s sketchy, and what might get them a call from the SEC.
The Bottom Line
Lawmakers are making noise about crypto regulation again, with stablecoin and market structure bills in the spotlight. It’s part of a broader push to show the industry that real progress *might* be happening—eventually. Just don’t expect miracles by August.
If you’re betting on Congress to move fast, well… maybe don’t quit your day job. But yes, progress is better than radio silence.