Congress will accelerate efforts to finalize US cryptography before President Trump’s August deadline.
Lawmakers are pushing for market structure and stable bills as the industry calls for action against DOJ prosecution.
The crypto industry is urging intervention from Trump’s Crypto Czar as the legal battle for developer accountability heats up.
As lawmakers return to Capitol Hill after a two-week break, cryptography is at the top of their agenda. In just three months President Trump’s August deadlineCongress is doing a lot of work to create laws that can be defined. The future of American digital assets.
Eleanor Terret X was used to provide all the *spicy* updates of the brew.
By: The lawmakers have returned to the hill to tackle the code law. Additionally, a spicy industry letter to Crypto & Ai Czar @DavidSacks47, and an interview with @wisdomtreefunds defeated SEC Custody Roundtable on Friday. ⬇⬇️https://t.co/boh5xf5hpz
– Eleanorterrett (@Eleanorterrett) April 28, 2025
The pressure is underway, but do lawmakers stand up to the challenge? This is the overview.
Cryptography: Countdown begins
Lawmakers are working to push forward two important bills: market structure and regulating stubcoin. There is little time left before the August deadline, so there is little room for error. Honestly, it was time.
Last Friday, the House Financial Services Committee was scheduled for a joint hearing with the House Agriculture Committee on May 6th.America’s innovation and the future of digital assets. ”
It’s clear that Congress is aiming for a positive approach, but can they pull that apart in time? That’s a million dollar question.
Chairman of the House Financial Services Committee French Hill (R-AR) He shared that a draft discussion of the new law is expected soon. This draft is the updated version from last year. FIT21 Market Structure Bill. Meanwhile, Senate staff are working on their own versions that incorporate both elements. 2022 Lummis-Gillibrand Responsible Financial Innovation Act and the FIT21 Bill.
Industry leaders step up: DOJ, it’s time to listen
The crypto industry is speaking out while Congress is scrambling.
Petition led by Defi Education Fundand rose to urge President Trump along with major industry leaders. Crypto and Ai Czar, David Sacksintervenes in prosecution of Department of Justice’s tornado cash co-founder Roman Storm.
The petition argues that developers should not be criminally liable for the extent to which bad actors use their code, especially if they have no control over the code. The legal theory behind the prosecution can have a serious impact on innovation.
If lawmakers want to ensure the growth of their crypto ecosystems, this issue must be immediately taken into consideration.
What’s next for Crypto?
We’ve been wild for months, following the August deadline and the industry’s demand for reform.
It is a critical time for the future of American cryptography. Coinpedia will provide you with the latest information on how everything is formed.
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