Senator Tim Scott: Confident that the Market Structure Bill will pass before August

Odaily Planet Daily reports that Tim Scott, the chairman of the U.S. Senate Banking Committee, recently stated that he expects the Cryptocurrency Market Structure Act to be legislated before August 2025. He pointed out that in March this year, the committee has advanced key crypto regulatory topics such as the "GENIUS Act", reflecting a priority for crypto policies. Scott emphasized "innovation must come first before regulation" to ensure America's global economic dominance in digital assets. This timeline is also consistent with Kristin Smith, CEO of Blockchain Association's expectations. Several Democratic lawmakers have also expressed support for market structure and stablecoin legislation and noted there is broad bipartisan consensus on this issue in Congress.