The U.S. Senate Committee on Banking, Housing and Urban Affairs published remarks from Chairman Tim Scott at the Wyoming Blockchain Symposium, where he outlined next steps on U.S. digital asset legislation. Scott said that after advancing the GENIUS Act to President Trump’s desk, he plans to move digital asset market structure legislation through the Senate Banking Committee in September. In a fireside chat with FalconX’s Austin Reid, Scott described an active committee agenda of hearings, markups and bill passage, and said the effort is being coordinated with the Trump administration. He linked the policy agenda to creating clearer “rules of the road” to support competition and capital formation, and argued that durable statutory changes are needed rather than relying on executive action. Scott indicated the market structure package is targeted for Senate Banking Committee consideration in September.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-08-19
U.S. Senate Committee on Banking, Housing and Urban Affairs chair Tim Scott plans September committee action on digital asset market structure legislation
The U.S. Senate Committee on Banking, Housing and Urban Affairs released remarks from Chairman Tim Scott at the Wyoming Blockchain Symposium, highlighting plans for U.S. digital asset legislation. Scott aims to advance digital asset market structure legislation through the Senate Banking Committee in September, coordinating with the Trump administration to establish clearer regulatory frameworks.