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Trump's Crypto Assets Tsar supports the market structure bill to be completed before September.
According to Gate News bot, CoinGape reported that President Trump's AI and Crypto Assets expert David Sacks thanked Senator Tim Scott and Cynthia Lummis for creating a clear timeline. Both of them are leading the Senate's digital asset policy work. Their current goal is to complete the market structure bill by the end of September.
The plan includes submitting the bill before the August recess, which has been confirmed by Senator Scott. Lawmakers will begin reviewing the bill in early September. The entire process is expected to be completed by the end of September.
Saks believes that President Trump supports the clarification of market structure. He also values the development and innovation of stablecoins. His support may strengthen bipartisan support for the bill.
The Crypto Assets industry has long called for clear regulatory legislation. This bill may become the foundation of that framework. Many believe that the clarity of cryptocurrency laws may open new growth opportunities for the industry.
If approved, the encryption market structure bill will set new standards for how the United States handles digital assets, and it could define which tokens are securities or commodities.
The final form of the cryptocurrency market structure bill will reveal how much power the SEC or CFTC will have. This decision could impact the U.S. crypto assets industry for years to come.
For traders and investors, this could mean a reduction in regulatory uncertainty. Clearer laws can facilitate the launch of products and services. It may also attract more institutional interest in the field.
Stablecoins are particularly likely to benefit from this legislation. Reports indicate that Trump supports innovation in this field, and businesses may gain new flexibility. Market participants believe that stablecoins are essential for payments and on-chain activities.
Some analysts believe that the September deadline is somewhat ambitious. However, this urgency indicates Congress's emphasis on digital assets. Crypto Assets may become a regular part of national economic policy for the first time.
So far, the industry's response has been positive. Clarity has always been the top requirement for most participants in the industry. If the Crypto Assets market structure bill can be passed in a timely manner, the United States is expected to regain its lead in global Crypto Assets regulatory clarity.