Below are some of the latest developments in U.S. cryptocurrency legislation:

- Stalemate on Stablecoin Bill: On May 9, 2025, the Senate voted 48-49 against the "Stablecoin Innovation and Security Act," which aimed to establish the first federal regulatory framework for stablecoins pegged to the dollar. Previously, nine Democratic senators publicly stated they would not support the Republican revision, demanding increased regulation of foreign issuers and anti-money laundering provisions, among others.

- House Passes Related Legislation: In May 2024, the House passed the "21st Century Financial Innovation and Technology Act" (FIT21) with a vote of 279 to 136, establishing a new regulatory framework for digital currencies and emphasizing the role of the Commodity Futures Trading Commission (CFTC) in crypto oversight.

- States Advance Crypto-Related Legislation: Several states are advancing legislation to include Bitcoin in financial strategies, such as the Arizona House passing SB1373 and SB1025, which involve establishing a digital asset strategic reserve fund and allowing state investments in Bitcoin; the Governor of Kentucky signed the "Bitcoin Rights" bill; and the Oklahoma House passed the "Strategic Bitcoin Reserve Act," among others.

Additionally, in March 2025, the Federal Deposit Insurance Corporation (FDIC) released new guidelines allowing regulated banks to engage in crypto-related activities without prior approval. In the same month, the U.S. Senate voted 70-28 to repeal the Internal Revenue Service (IRS) rules on decentralized finance (DeFi) brokers, which is expected to be signed by Trump. Overall, the U.S. shows a trend of joint advancement in cryptocurrency legislation at both the federal and state levels, with increasingly clear and refined attitudes, though there are also setbacks in the progress of bills due to partisan differences and other factors.