White House Backs September Crypto Framework as Stablecoin Bill Nears July Signing

The White House and key Republican lawmakers said the U.S. aims to enact comprehensive market-structure rules for Bitcoin and other digital assets by the end of September. Director of Digital Assets David Sacks, Senate Banking Committee Chair Tim Scott and Senator Cynthia Lummis all cited a September deadline after meeting this week to align the administration’s priorities with draft Senate legislation.

Scott and Lummis, who released guiding principles for the bill earlier this month, said the framework will give the industry the “certainty and predictability” needed to keep crypto innovation in the United States. The measure is expected to clarify which tokens fall under securities or commodities law, set custody standards and establish safeguards for trading platforms.

A separate stable-coin measure, the Genius Act, is moving on a faster track. Lummis told CNBC the White House is showing “real enthusiasm” and could be ready to sign the bill as soon as the week of July 7, once the House sends the legislation to President Donald Trump.

Momentum is also building in the House, which this week passed the Deploying American Blockchains Act of 2025 (H.R. 1664). The bill directs the Commerce Department to promote blockchain technology, underscoring bipartisan efforts to position the U.S. as a global hub for digital assets.

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