According to Eleanor Terrett, the number of House Republicans opposing key crypto bills has now reached ten. This increase comes after one member reportedly switched their vote from 'yes' to 'no'. This development highlights growing legislative challenges for the cryptocurrency industry in the United States, which could introduce market uncertainty and bearish sentiment as traders watch for regulatory clarity.

According to @WhiteHouse, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure legislation, a timeline he described as a "realistic expectation." This development provides a clearer, though still challenging, path for U.S. crypto regulation, which is a key factor for traders monitoring market stability. The source notes this deadline is later than President Donald Trump's preference but earlier than previous year-end predictions. Concurrently, President Trump reiterated his pro-crypto stance at a Coinbase summit, stating his administration will work toward "clear and simple market frameworks" and support the Senate-passed GENIUS Act for stablecoins. However, potential delays loom as the House of Representatives has shown hesitation in quickly adopting the Senate's stablecoin bill, with Representative French Hill suggesting issues still need to be resolved between the chambers' respective versions.

According to @WhiteHouse, U.S. Senator Tim Scott has established a new deadline of September 30 for completing the crypto market structure legislation, providing a clearer timeline for regulatory clarity in the United States. The source states that while this is a firm commitment, potential delays could arise from the House of Representatives, which has its own stablecoin legislation and has not committed to passing the Senate's GENIUS Act quickly. Meanwhile, President Donald Trump, in a recorded message at a Coinbase summit, reiterated his administration's commitment to creating 'clear and simple market frameworks' for crypto and Bitcoin (BTC). These parallel developments introduce both positive catalysts, such as a set deadline and presidential support, and uncertainty from potential legislative friction, which could influence volatility for digital assets like Bitcoin (BTC) and Ethereum (ETH) as traders watch for progress.

According to @DowdEdward, U.S. Senator Tim Scott has established a September 30 deadline for finalizing the comprehensive crypto market structure legislation, a timeline that has received support from a White House crypto adviser. The source indicates that while Senator Scott is confident, potential delays could stem from the House of Representatives, which may seek to reconcile its own stablecoin bill with the Senate's version, and a lack of urgency from the Senate Agriculture Committee. This regulatory push coincides with positive market movements, as current data shows Ethereum (ETH) trading at $2501.46, a 2.97% increase over 24 hours. Similarly, Solana (SOL) is trading at $151.56, up 1.26%. For traders, this Q3 deadline for regulatory clarity in the U.S. could become a major catalyst for market volatility.

According to @FoxNews, U.S. Senator Tim Scott, chairman of the Senate Banking Committee, has established a new target deadline of September 30 for completing the comprehensive crypto market structure legislation. Scott stated this timeline is a 'realistic expectation' and urged the House to quickly approve the separate GENIUS Act for stablecoins, a sentiment echoed by White House crypto adviser Bo Hines. However, the process faces potential delays as it requires coordination with the Senate Agriculture Committee and alignment with the House, where key lawmakers have not committed to the Senate's timeline. Separately, Senator Adam Schiff has introduced the COIN Act, which aims to prohibit the president and other senior officials from issuing or sponsoring digital assets, citing ethical concerns over President Trump's crypto-related profits. This introduces a layer of political complexity, even from crypto-friendly Democrats, which could impact the bill's passage. While these regulatory developments unfold, market data shows positive short-term momentum, with major assets like Ethereum (ETH), Cardano (ADA), and Solana (SOL) posting gains over the past 24 hours.

According to legislative reports, the U.S. Senate passed a key procedural vote for the GENIUS Act with a 68-30 result, setting standards for stablecoin issuers like Circle's USDC and Tether's USDT under state or federal oversight. This regulatory progress, supported by bipartisan approval, could enhance market stability and trading volume in cryptocurrencies by reducing uncertainty. Senator Bill Hagerty argued the bill strengthens the dollar's reserve status, while Senator Elizabeth Warren criticized it for lacking safeguards against risky investments, as cited in Senate proceedings.

According to the report, the U.S. Senate voted 68-30 to advance the GENIUS Act, which establishes regulatory standards for stablecoin issuers like USDC and USDT, potentially enhancing market stability and reducing volatility in crypto transactions. Senator Bill Hagerty argued that this bill strengthens the dollar's global reserve status, while Senator Elizabeth Warren criticized it for lacking safeguards against risky investments. The House is concurrently progressing with the Digital Asset Market Clarity Act, both seen as vital for comprehensive U.S. crypto oversight and investor confidence.

According to Crypto Rover, US Crypto Czar David Sacks announced that the long-awaited crypto regulatory bill is 'very close' to completion, signaling a bullish environment for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). This development could provide much-needed regulatory clarity, potentially attracting institutional investors and increasing trading volumes. Traders should monitor legislative updates closely as the bill's passage may trigger significant price movements across the crypto market. Source: Crypto Rover on Twitter, June 18, 2025.