The U.S. government has initiated its final phase for enacting cryptocurrency legislation, with September 30 marked as the completion deadline. David Sacks, the White House’s AI and Crypto Czar, confirmed the administration’s commitment to push forward two major bills, GENIUS and CLARITY, as part of a structured legislative rollout.
The GENIUS Act, focusing on stablecoin regulation, is expected to reach the bill-signing stage in July. Meanwhile, the CLARITY Act, which targets the broader crypto market structure, will head to the Senate. President Donald Trump has voiced support for both measures, signaling strong executive backing.
Congress Fast-Tracks CLARITY and GENIUS Acts Ahead of September Deadline
Tim Scott (R-S.C.) and Cynthia Lummis (R-Wyom.), respectively, the chairs of the Senate Banking Committee and the Digital Assets Subcommittee, are making efforts to bring the bills up before the August recess. The law will be finished at the end of the month, with a markup put in place early next month. Such a timeline offers apparent anticipations to the crypto industry, which has been under the cloud of regulation.
The CLARITY Act will focus on the significant elements of the digital asset regulation, such as the trading infrastructure and the classification guidelines. Conversely, the GENIUS Act provides a framework for issuance and compliance with stablecoins. These bills are regarded as essential in determining the treatment of digital assets as per federal law.
Coinbase CEO Brian Armstrong welcomed the progress, thanking bipartisan lawmakers for advancing the legislation. According to Armstrong, the government’s commitment is a positive sign for crypto businesses seeking stable regulatory conditions.
Federal Agencies Begin Adapting as Crypto Enters Mortgage Market
Agency-level policy changes are also taking place. FHFA Director Pulte declared that Fannie Mae and Freddie Mac had decided to accept cryptocurrency as a qualified asset in mortgage turnings. It is quite a change of policy and is the same tentative application of digital assets into traditional finance by the government in general.
This move by the FHFA was prompted by internal reviews that ascertained that once verified, crypto assets can be used in mortgage underwriting. This shift is consistent with Trump’s vision of the increased presence of crypto in the financial system of the United States.
With the development of the GENIUS and CLARITY Acts, the landscape in the regulatory field surrounding digital assets is changing quickly. The last three months of 2025 may very well become the most significant crypto regulatory overhaul in history, with congressional backing, White House organization, and agency adjustment.
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