$BTC

As of May 15, 2025, the U.S. cryptocurrency legislative process is at a critical stage. Here are the latest developments: 

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🇺🇸 Latest developments in U.S. cryptocurrency legislation

1. Progress on the Stablecoin Bill (GENIUS Act)

• Bipartisan push to restart legislation: Following controversies surrounding the Trump family's involvement in cryptocurrency investments, which led to legislative stagnation, bipartisan lawmakers in the U.S. are intensifying efforts to revive the stablecoin bill that has garnered support from the cryptocurrency industry. 

• Senate rejects initial version of the bill: Due to ethical concerns regarding the Trump family's association with cryptocurrency, the Senate voted 48 in favor and 49 against, rejecting the GENIUS bill aimed at regulating stablecoins. 

2. White House position and expectations

• Expecting to sign the bill before August: Bo Hines, Executive Director of the White House Digital Asset Advisory Committee, stated that despite variables in the legislative process, President Trump is still expected to sign the stablecoin and market structure bill before Congress adjourns in August. 

• Advancing Bitcoin strategic reserves: Hines revealed that the White House and its working group are pushing forward plans to establish a strategic Bitcoin reserve, which could become an important component of U.S. digital asset policy. 

3. Other legislative trends

• Responsible Financial Innovation Act (RFIA): The RFIA bill, promoted by Senators Kirsten Gillibrand and Cynthia Lummis, focuses on the regulatory framework for stablecoins and market structure, and is expected to be a significant turning point in U.S. cryptocurrency legislation in 2025. 

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📌 Summary

U.S. cryptocurrency legislation is at a critical time, and despite facing political controversies and ethical concerns, both parties are working hard to pass relevant bills. The White House is optimistic about signing the bill before August and is actively promoting the establishment of Bitcoin strategic reserves. In the coming months, these legislative developments will have a profound impact on the cryptocurrency market.