#Write2Earn The timeline for federal cryptocurrency reform is set for the summer, with deadlines in July, August, and September to finalize rules and define the boundaries of the SEC and CFTC for digital assets.
White House cryptocurrency official confirms timeline for comprehensive digital asset reform
U.S. lawmakers are quickly aligning around long-awaited digital asset regulation, paving the way for cryptocurrency and stablecoin markets to gain federal legitimacy. David Sachs, White House advisor on artificial intelligence and cryptocurrency, posted on social media platform X on June 26 that the Senate is preparing a comprehensive structural framework for the digital asset market.
Senate Banking Committee Chairman Tim Scott and Digital Asset Subcommittee Chair Cynthia Lummis thanked each other for "announcing a clear timeline and plan for comprehensive legislation on the structure of the cryptocurrency market." The legislative sequence is clear: introduce the bill before the August recess, pass it in the first week of September, and complete it by the end of that month. In a subsequent post, Sachs highlighted the next steps:
The Senate has already approved the 2025 American Stablecoin Innovation and Establishment Act (GENIUS). This law establishes rules for the issuance of stablecoins for payments. Only approved issuers, including insured bank affiliates or qualified non-bank institutions at the federal level or state-qualified entities with stablecoin issuance of $10 billion or less, may offer them to U.S. users under federal or state regulations. Issuers must back the coins one-to-one with U.S. currency or similar liquid assets, disclose redemption policies, and publish monthly reserve reports. It also regulates the use of reserves, custody, and federal oversight.
At the same time, the 2025 Clarity in Digital Asset Markets Act was introduced in the House of Representatives to establish regulatory boundaries between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This law sets a legal framework for digital assets to reduce the regulatory confusion that has pushed innovation abroad and increased consumer risk. The law defines the roles of the agencies, requires brokers to disclose and separate funds, and provides legal avenues for developers to raise capital and trade cryptocurrency-based commodities. It also emphasizes transparency, accountability, investor protection, and maintaining the United States' leadership in global digital asset markets.