Trump’s Crypto Czar Supports Market Structure Bill To Be Done by September
Highlights
- Trump's crypto czar also wants market structure bill completed before September deadline.
- The bill aims to clarify token classifications and reduce regulatory uncertainty.
- Industry welcomes clarity as SEC and CFTC roles face upcoming definition.
The U.S. may soon see clear rules for crypto. A crypto market structure bill is now expected to be ready by September.
Sacks Aim for Completion of Crypto Market Structure Bill by September
David Sacks, the AI and crypto czar for President Trump, thanked Senators Tim Scott and Cynthia Lummis for laying out a clear timeline. Both lead Senate efforts on digital asset policy. They now aim to finish the market structure bill before the end of September.
The plan includes introducing the bill before the August recess as confirmed by Senator Scott. Lawmakers will then begin reviewing it in early September. Then, by the end of that month, the process should be complete.
President Trump, according to Sacks, supports clarity on market structure. He also values stablecoin development and innovation. His support may boost bipartisan support for the bill.
The crypto industry has long called for clear regulations. This bill may become the foundation for that framework. Many believe clarity regarding crypto laws could unlock new levels of growth for the industry.
If passed, the crypto market structure bill will set new standards for how digital assets are treated in the U.S. It could define which tokens are securities or commodities.
Landmark Bill Could Cement U.S. Crypto Leadership
The final form of the crypto market structure bill will reveal how much power the SEC or CFTC will hold. That decision could shape the U.S. crypto sector for years.
For traders and investors, this could mean less regulatory uncertainty. Clearer laws can make it easier to launch products and access services. It may also attract more institutional interest in the space.
Stablecoins, especially, would benefit from the bill. With Trump reportedly backing innovation in this area, firms may gain new flexibility. Market participants see stablecoins as essential for payments and on-chain activity.
Some analysts believe the September deadline is ambitious. But the urgency shows how seriously Congress is taking digital assets. For the first time, crypto may become a regular part of the national economic policy.
So far, reactions from the industry have been positive. Clarity has been a top request from most players in this industry. If the crypto market structure bill passes on time, the U.S. could regain its lead in terms of clear crypto regulations worldwide.
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