White House Targets September for Crypto Clarity Act and Stablecoin Oversight

- White House and key senators aim to finalize sweeping crypto regulations by September 30, 2025. - Key bills include the GENIUS Act for stablecoin oversight and the Clarity Act for market rules. On June 26, 2025, the White House and U.S. lawmakers unveiled plans to finalize comprehensive cryptocurrency legislation by September 30, 2025. This initiative centers on two pivotal bills: the GENIUS Act, which will regulate stablecoins, and the Clarity Act, which will establish clear market oversight and define digital asset frameworks. This ambitious timeline underscores a bipartisan urgency to address the rapidly transforming cryptocurrency industry. During a press event on June 26, Senator Tim Scott, Chairman of the Senate Banking Committee, said the September 30 deadline is a “realistic expectation.” White House crypto adviser Bo Hines and Senator Cynthia Lummis echoed this confidence, while Senator Lummis confirmed that lawmakers expect to draft the Clarity Act before the August recess and have scheduled a markup session in September to advance the bill. Lawmakers have already made significant progress on the GENIUS Act. On June 17, 2025, Crypto Briefing reported that the Senate passed the legislation with a bipartisan vote of 68-30. The bill establishes a unified federal framework for stablecoin issuers, detailing authorization processes, reserve maintenance standards, and financial stability safeguards. According to CoinGape on June 26, President Trump urged the House to pass the Senate-approved version promptly so it reaches his desk by August. Meanwhile, the Clarity Act addresses broader regulatory challenges by designating oversight roles for the SEC and CFTC, clarifying that digital assets sold via investment contracts are not inherently securities, and proposing exemptions for certain fundraising activities. On June 10, 2025, House committees advanced the legislation, setting the stage for a full House vote. The stablecoin market also remains active despite minor trading fluctuations. As of 20:17 UTC on June 26, First Digital USD (FDUSD) was trading at $0.998, its 24-hour volume having declined by 4.7%. Both Tether USDt (USDT) and USDC (USDC) were trading at $1, with each experiencing a 0.6% decline in 24-hour volume.