U.S. Lawmakers Aim to Finalize Crypto Market Structure Legislation by September 30 2025

Senator Tim Scott (R-SC) has announced that U.S. lawmakers are aiming to finalize crypto market structure legislation by September 30, 2025. This deadline was set during a fireside chat on Capitol Hill, where Scott was joined by Senator Cynthia Lummis (R-WY) and Bo Hines, the head of the President’s Council of Advisers on Digital Assets of the White House. Scott, who chairs the U.S. Senate Banking, Housing, and Urban Affairs Committee, expressed confidence in meeting this target, stating, “I think that is a realistic expectation.” Hines echoed this sentiment, affirming the commitment to completing the legislation by the end of September.

Several prominent figures in the crypto industry have welcomed this development. Coinbase CEO Brian Armstrong praised the White House’s commitment to working with Senators Scott and Lummis to deliver the market structure legislation by the deadline. Colin McCune, Head of Government Affairs at a16z, also expressed support, stating that comprehensive crypto market structure legislation has been long overdue and that a16z stands ready to assist in its passage.

This legislative push comes at a time of increased congressional activity around digital assets, backed by a crypto-friendly White House. Earlier this month, the Senate passed the GENIUS Act, a significant piece of stablecoin legislation. Lummis has emphasized the importance of passing both the crypto market structure legislation and the GENIUS Act by the end of 2025, although she did not suggest combining the two bills. With the September 30 deadline for the crypto market structure bill now in place, it is anticipated that 2026 could see the implementation of new crypto guidelines.