Odaily News Tim Scott, chairman of the U.S. Senate Banking Committee, recently said that the crypto market structure bill is expected to be passed by August 2025. He pointed out that the committee had promoted key crypto regulatory issues such as the GENIUS Act in March this year, reflecting the priority of crypto policy. Scott emphasized that "innovation must come before regulation" to ensure the United States' global economic dominance in the field of digital assets. The timetable is also consistent with the expectations of Kristin Smith, CEO of the Blockchain Association. Several Democratic lawmakers also expressed support for market structure and stablecoin legislation, and pointed out that Congress has a broad bipartisan consensus on this issue. (Cointelegraph)