According to @WhiteHouse, significant progress is being made on U.S. crypto legislation, which could provide much-needed regulatory clarity for traders and investors. U.S. Senator Tim Scott has set a new, accelerated deadline of September 30 to finalize the crypto market structure bill, a timeline endorsed by Senator Cynthia Lummis, as stated at a press event. This move signals a strong push for regulation, although potential delays could arise from coordination with the House of Representatives and the Senate Agriculture Committee. Separately, President Donald Trump, speaking at a Coinbase summit, reiterated his administration's commitment to creating 'clear and simple market frameworks' for crypto and Bitcoin (BTC), and supported the swift passage of the GENIUS Act for stablecoins. These developments suggest a growing political will to establish a formal regulatory environment for digital assets in the U.S., a potentially bullish catalyst for the broader crypto market.

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.