White House, senators eye September deadline for crypto framework

A White House adviser and two key senators said Thursday they are now hoping to pass legislation laying out oversight of the crypto industry by the end of September, pushing back an earlier August deadline. 

Senate Banking Committee Chair Tim Scott (R-S.C.) offered up the new timeline for market structure legislation at a fireside chat alongside Sen. Cynthia Lummis (R-Wyo.) and Bo Hines, executive director of President Trump’s Council of Advisors on Digital Assets. 

“I want to set a timeline … of seeing the market structure completed before the end of September,” Scott said. “I think that is a realistic expectation.” 

Read more at The Hill