Recently, Tim Scott, the chairman of the U.S. Senate Banking Committee, revealed an important piece of information to the White House crypto assets advisor: The crypto market structure bill is expected to be completed by September 30. This timeline falls between the previously anticipated congressional recess in August and the end of the year, indicating that the legislative process is steadily advancing.

Scott stated at a press conference that 'completing the market structure legislation by the end of September is a realistic expectation.' This statement was supported by Senator Cynthia Lummis, reflecting that lawmakers have reached some consensus on this issue.

It is noteworthy that the U.S. Congress has previously passed the "Genius Act" aimed at regulating stablecoins, laying the foundation for the standardization of stablecoin regulation. If the crypto market structure bill can be completed as planned by the end of September, it will further improve the regulatory framework for the crypto assets industry in the United States.

This series of legislative actions indicates that the United States is accelerating its pace in an attempt to take a leading position in the global crypto assets regulatory field. However, the specific details of the regulation and its implementation effects remain to be observed. Industry insiders generally believe that a clear regulatory framework will help enhance market confidence and promote the long-term healthy development of the industry.

As the deadline of September 30 approaches, the crypto community and investors will closely monitor the progress of this bill and its potential impact on the market. Regardless, this will be an important milestone in the history of Crypto Assets development.