According to the source, President Donald Trump is urging the House of Representatives to quickly pass the Senate's stablecoin legislation, the GENIUS Act, without any amendments. However, this push for speed is meeting resistance from key lawmaker Representative French Hill, who signaled that further talks are necessary to resolve 'subtle' and 'material' differences between the Senate and House versions of the bill. The source reports that Hill aims to find a 'common constructive landing place' before the August deadline set by Trump, but his unwillingness to commit to a clean bill introduces uncertainty for crypto traders. This legislative friction is further complicated by Senator Adam Schiff's COIN Act, which aims to ban officials like Trump from sponsoring digital assets, a move reflecting broader Democratic concerns that could impact the passage of any crypto-related market structure bill. For traders, the key takeaway is the political uncertainty surrounding the timeline and final form of U.S. crypto regulation, which will likely influence market volatility.

According to the source, 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." The source notes this is faster than Senator Cynthia Lummis's previous end-of-year prediction but later than the August goal requested by President Donald Trump. Senator Scott and the White House are also reportedly pressuring the U.S. House of Representatives to immediately pass the Senate's stablecoin bill, the GENIUS Act. However, key House lawmakers have expressed hesitation, suggesting a lengthier process to reconcile differences with their own stablecoin legislation. For traders, this accelerated but contested legislative timeline introduces significant policy-driven volatility risk. Clarity on market structure and stablecoins could be a major bullish catalyst for the crypto market, including Bitcoin (BTC) and Ethereum (ETH), while continued delays or political gridlock could create headwinds.

According to the source, key U.S. Senator Tim Scott has set a new deadline of September 30 for completing the comprehensive crypto market structure legislation, a timeline he described as a "realistic expectation." This development provides a more concrete target for traders monitoring U.S. regulatory progress, although it is later than the August deadline President Trump had requested. The source reports that this new timeline was committed to in a discussion with a White House crypto adviser. Meanwhile, significant debate continues over the stablecoin bill. While President Trump has called for the House to pass the Senate's GENIUS Act "lightning fast" without any changes, Representative French Hill has indicated that negotiations are ongoing to resolve "subtle, some material" differences with the House's version. These differences reportedly involve extraterritoriality, the roles of state and federal regulators, and the separation of banking and commerce. This friction suggests that a quick, clean passage of the stablecoin bill is unlikely, potentially delaying regulatory clarity for that sector of the crypto market.

According to the source, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the crypto market structure legislation, providing a clearer timeline for traders and investors. This announcement, made to a White House crypto adviser, positions the bill's completion later than President Trump's request but sooner than previous year-end estimates from lawmakers like Senator Cynthia Lummis, who has agreed to the new schedule. However, potential delays loom as the House of Representatives, led by Representative French Hill, may seek to reconcile differences with the Senate's stablecoin bill (GENIUS Act) rather than pass it directly. Further complicating matters, Senator Adam Schiff has introduced the COIN Act, one of several new bills aimed at preventing government officials, including President Trump, from sponsoring or profiting from cryptocurrencies due to ethical concerns. This legislative friction introduces regulatory uncertainty, even as a firm deadline for the market structure bill is seen as a positive step. Amid these developments, market data shows modest gains for major cryptocurrencies, with Solana (SOL) up 3.35%, Ethereum (ETH) up 0.745%, and Cardano (ADA) up 0.464% in the last 24 hours.

According to the source, U.S. Senator Tim Scott has set a new target deadline of September 30 for completing the crypto market structure bill, a timeline supported by the White House but potentially complicated by political divisions. The source states that while the Senate pushes forward, with Senator Lummis agreeing to the chairman's timeline, House lawmakers appear more hesitant. A significant trading risk emerges from bipartisan friction, highlighted by Senator Adam Schiff's introduction of the COIN Act, which aims to prohibit officials like President Trump from issuing or sponsoring digital assets. This legislative effort, backed by other Democrats, could create roadblocks for the broader market structure bill, introducing regulatory uncertainty for traders. As these key regulatory discussions unfold, market data shows positive momentum for assets like Solana (SOL), which is up over 3%, and Ethereum (ETH), up nearly 1%, indicating market sensitivity to legislative news.

According to the source, U.S. Senator Tim Scott has established a new deadline of September 30 to finalize legislation for the U.S. crypto market structure. This timeline, which Senator Cynthia Lummis has agreed to, is later than President Trump's push for a resolution before the August congressional break but earlier than previous year-end estimates, as cited in the report. A key point of friction remains as the White House and Senate urge the House to quickly pass the Senate-approved stablecoin bill (GENIUS Act), while key House Representative French Hill suggests that differences between the Senate and House versions need to be reconciled, potentially delaying the process. For traders, this new September 30 deadline provides a clearer, albeit not immediate, timeline for significant regulatory clarity, which could be a major catalyst for the digital asset market upon successful passage.

According to @MilkRoadDaily, analysis from JPMorgan and Coinbase Research points to a constructive outlook for the crypto market, driven by a more favorable U.S. regulatory environment and positive macroeconomic shifts. JPMorgan analysts led by Nikolaos Panigirtzoglou noted that the progress of stablecoin legislation like the GENIUS Act is boosting crypto corporate activity, with the number of crypto IPOs in 2024 matching the 2021 bull market pace and venture capital funding on the rise. This provides investors with opportunities to diversify beyond Bitcoin (BTC) and Ether (ETH). Concurrently, a Coinbase Research report highlights that stronger U.S. economic growth, potential Federal Reserve rate cuts, and increasing corporate adoption of digital assets are creating structural tailwinds, particularly for Bitcoin. While BTC appears poised to benefit, the report suggests that the outlook for altcoins is more complex and will depend on specific catalysts such as potential ETF approvals or protocol developments.

According to the report, Senator Tim Scott, chairman of the Senate Banking Committee, stated that legislation establishing rules for U.S. crypto markets will be finalized by September 30, potentially reducing regulatory uncertainty and stabilizing crypto prices for traders. Scott emphasized the need for the House to quickly approve the Senate-passed stablecoin bill (GENIUS Act), as this could expedite market clarity. However, challenges from the House and Senate Agriculture Committee may cause delays, as noted by Representative French Hill and Senator Cynthia Lummis, which could lead to short-term volatility in crypto markets.

According to Senator Tim Scott, chairman of the Senate Banking Committee, legislation for U.S. crypto market structure rules will be finalized by September 30, potentially reducing regulatory uncertainty and boosting crypto prices as traders gain clarity, based on his statements at a White House meeting. Senator Cynthia Lummis confirmed this timeline, which could accelerate market stability and influence trading strategies amid ongoing delays in the House.

According to Senator Cynthia Lummis, US crypto legislation, including stablecoin and market structure bills, may be finalized by the end of 2024, potentially reducing regulatory uncertainty for traders. Lummis highlighted bipartisan challenges but expressed optimism, which could influence crypto market stability and adoption.

According to Senator Tim Scott, the U.S. crypto market structure legislation will be completed by September 30, potentially providing regulatory clarity that could reduce market volatility and boost investor confidence. Senator Cynthia Lummis supported this timeline, while Representative French Hill indicated potential delays in aligning House and Senate bills, which may prolong uncertainty affecting crypto prices, as ETH recently showed a -1.461% decline over 24 hours based on provided market data.

According to nic carter, the passage of the stablecoin bill represents a major setback for pro-CBDC advocates, signaling a significant shift in regulatory sentiment toward decentralized stablecoins (source: Twitter/@nic__carter, May 28, 2025). For crypto traders, this development may boost market confidence in stablecoins like USDT and USDC, potentially increasing liquidity and reducing regulatory uncertainty in the broader cryptocurrency market. Market participants should monitor stablecoin volumes and related tokens, as this legislative win could drive increased adoption and trading activity across exchanges, especially if CBDC development slows as a result.

According to Crypto Rover, the upcoming Monday features several high-impact events for cryptocurrency traders, including Coinbase's inclusion in the S&P 500, CME's launch of XRP futures, and the US Senate's vote on the 'GENIUS Act' stablecoin bill. Additionally, Michael Saylor is expected to announce another significant Bitcoin purchase, and there are geopolitical developments with Trump scheduled to speak to Putin. The addition of Coinbase to the S&P 500 (source: Crypto Rover) is likely to boost institutional interest in crypto stocks, while CME's XRP futures launch (source: Crypto Rover) could increase volatility and liquidity for XRP. The Senate vote on the stablecoin bill (source: Crypto Rover) may impact regulatory sentiment, affecting broader market confidence. Traders should monitor these events closely, as they present both opportunities and risks across the digital asset market.

According to Nic Carter, the ongoing debate around the stablecoin bill centers on issues of corporate power, which directly affects the regulatory environment for stablecoins and, by extension, broader crypto market liquidity and adoption (source: Nic Carter on Twitter, May 6, 2025). Traders should closely monitor legislative developments, as increased corporate oversight could lead to stricter compliance requirements for stablecoin issuers, potentially impacting stablecoin trading volumes and liquidity across major exchanges. This regulatory focus may also shape institutional adoption trends and influence price stability in USD-backed cryptocurrencies, including USDT and USDC.

According to Eleanor Terrett, Democratic resistance to the current stablecoin bill in the US Congress could stall progress on broader market structure reforms, raising concerns among industry stakeholders that this delay may negatively impact other critical crypto legislation (source: Eleanor Terrett on Twitter, May 5, 2025). The uncertainty around regulatory timelines introduces additional risk for traders in stablecoins and related assets. However, renewed legislative efforts in Arizona to advance Bitcoin-friendly policies could provide regional trading opportunities and potentially boost local market sentiment (source: Eleanor Terrett on Twitter, May 5, 2025). Traders should closely monitor both federal and state-level developments, as evolving regulations can significantly influence market volatility and liquidity.

According to Tom Emmer (@GOPMajorityWhip), the Financial Committee, led by @RepFrenchHill, discussed the Anti-CBDC Surveillance State Act, marking a significant step towards its enactment. Emmer highlights concerns over CBDCs threatening privacy and American values, while suggesting that the stablecoin bill could facilitate the integration of traditional finance into the blockchain globally.

According to Eleanor Terrett, Senator Hagerty has released the official text for a new stablecoin bill, prompting industry reactions and analysis on its potential impact on stablecoin markets. The bill could influence trading regulations and market stability, crucial for traders considering positions in stablecoins. [Source: Eleanor Terrett's Twitter]