Senate Banking Chair Tim Scott has announced that major Bitcoin and cryptocurrency bills are expected to pass by August 2025. Scott emphasized the importance of digital assets to American dominance, indicating a significant push towards regulatory clarity in the crypto sector. The anticipated legislation includes market structure reforms, aimed at addressing regulatory confusion and SEC overreach, as highlighted in recent congressional hearings led by Representatives Bryan Steil and French Hill. These efforts are part of a broader initiative to rewrite the rules governing digital assets in the U.S. President Trump is seen as leading the way towards a crypto revolution, with bipartisan support expected for these reforms. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
