Overview

• President Trump has called on the House to pass the GENIUS Act without amendments or delays
• Some House members favor combining the stablecoin framework with broader market structure legislation to ensure synchronized progress
• Senate Banking Committee Chair Tim Scott has pledged to finalize market oversight rules by September 30
• Sen. Cynthia Lummis announced plans to release draft market structure legislation before the August recess with a markup scheduled in September
• Crypto adviser David Sacks predicted a July signing of the GENIUS Act followed by Senate consideration of the CLARITY Act