- Republican lawmakers plan to advance stablecoin legislation and update the FIT 21 crypto framework within days.
- House Financial Services Crypto Subcommittee published a draft stablecoin bill on Wednesday.
- These legislative efforts align with the Trump administration’s promises to make the U.S. the “crypto capital of the world.”
Republican lawmakers unveiled plans to push forward cryptocurrency legislation this week, marking tangible progress toward the Trump administration’s pledges to create a more favorable regulatory environment for digital assets in the United States.
During the Digital Chamber’s Blockchain Summit 2025 Conference in Washington D.C. on Wednesday, several GOP legislators outlined their legislative roadmap for cryptocurrency regulation, with stablecoins receiving immediate attention.
Rep. French Hill (R-AR) announced that lawmakers would publish a revision to FIT 21 within days. This legislative framework aims to establish regulatory guardrails for the American cryptocurrency industry, providing the certainty that businesses have been seeking.
“Business needs certainty and predictability,” said Sen. Tim Scott (R-SC), who joined Hill on the panel. “You want that embedded in the laws of our country.”
In a parallel development, Rep. Bryan Steil (R-WI), who leads the House Financial Services Crypto Subcommittee, revealed that a House stablecoin bill would be published before the end of the day. True to his word, the draft was live on a government website Wednesday afternoon.
These legislative moves align with President Trump’s repeated promises to transform the United States into the “crypto capital of the world.” His crypto czar David Sacks had previously committed to passing both stablecoin and market structure bills within the administration’s first 100 days – a timeline that has proven overly ambitious but still demonstrates the administration’s intent.
The momentum continued with Sen. Bernie Moreno (R-OH) attempting to rally conference attendees around an aggressive timeline for comprehensive legislation. “Market structure, Genius Act, SBR done by August, right,” Moreno said. “What do you guys think?”
However, other legislators offered a more measured outlook on the ambitious legislative schedule. “We cannot get market structure done [by then], but you’re definitely gonna get [a] stablecoin [bill],” responded one lawmaker, tempering expectations about how quickly comprehensive cryptocurrency regulations could move through Congress.
While the initial 100-day timeline for comprehensive crypto legislation appears unrealistic, these developments signal that cryptocurrency regulation has become a priority for the current Congress, potentially bringing the regulatory clarity that industry participants have long requested.
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