Crypto Fans Hedge Bets on Format, Timing of US Legislation (2)

It was supposed to be a slam dunk: once President Donald Trump was reelected, the US crypto industry would get its long-awaited regulatory clarity in the form of fresh new laws to govern the asset class.

Instead, as President Trump’s public goal of having legislation by August looms, those involved have been unable to agree on whether to prioritize passing standalone stablecoin legislation or to combine it in some form with a different bill centred on market structure.

There is already broad bipartisan consensus around the urgency and importance of passing US stablecoin legislation, and the Senate’s stablecoin bill is ...