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U.S. nearing bipartisan crypto and stablecoin regulations Sen. Cynthia Lummis stated that Congress is close to finalizing bipartisan legislation on stablecoins and crypto market structure, with hopes of passing bills by year-end for President Trump’s approval. According to The Block, lawmakers are prioritizing stablecoin regulations, including the GENIUS Act, which sets reserve requirements and regulatory standards for issuers. Discussions continue in both the Senate and House, with debates on oversight and consumer protections. The Senate Banking Committee’s digital assets panel, led by Lummis, is actively shaping the regulatory framework.

Sen. Lummis urges action on FIT21 and GENIUS crypto bills U.S. Senator Cynthia Lummis called for the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Stablecoin Act (GENIUS Act) during a congressional hearing, The Block reported. FIT21 aims to classify cryptocurrencies as commodities rather than securities, while the GENIUS Act seeks to establish a clear regulatory framework for stablecoins. Lawmakers from both parties are pushing to advance stablecoin legislation in the new Congress.

Sen. Lummis urges action on FIT21 and GENIUS crypto bills U.S. Senator Cynthia Lummis called for the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21) and the Stablecoin Act (GENIUS Act) during a congressional hearing on Feb. 26, The Block reported. FIT21 aims to classify cryptocurrencies as commodities rather than securities, while the GENIUS Act seeks to establish a clear regulatory framework for stablecoins. Lawmakers from both parties are pushing to advance stablecoin legislation in the new Congress.

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