The U.S. Senate Committee on Banking, Housing and Urban Affairs published a majority press release recapping Chairman Tim Scott’s fireside chat at the DC Blockchain Summit, where he highlighted the passage of the GENIUS Act as establishing a foundation for payment stablecoins and urged Congress to set clear market structure rules for the broader digital asset ecosystem. Scott argued that predictable “rules of the road” are needed to support innovation in the United States and described negotiations as constructive and bipartisan, with open issues including decentralized finance, ethics provisions, and jurisdictional questions. The discussion also referenced ongoing talks over stablecoin yield, broader stakeholder engagement across crypto firms and traditional financial institutions, and Paul Atkins’ arrival at the Securities and Exchange Commission as a factor in pursuing a more transparent regulatory approach.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-03-18
U.S. Senate Committee on Banking, Housing and Urban Affairs chair presses for final passage of digital asset market structure legislation after GENIUS Act stablecoin groundwork
The U.S. Senate Committee on Banking, Housing and Urban Affairs summarized Chairman Tim Scott's discussion at the DC Blockchain Summit, emphasizing the GENIUS Act's role in establishing a foundation for payment stablecoins. Scott called for clear market structure rules for digital assets, highlighting ongoing bipartisan negotiations on decentralized finance, ethics, and jurisdictional issues. The discussion also noted stablecoin yield talks and Paul Atkins' influence at the Securities and Exchange Commission for a transparent regulatory approach.