U.S. Targets Crypto Market Bill by September 2025

U.S. Eyes September Deadline for Comprehensive Crypto Market Structure Bill

Washington, D.C. — The U.S. government is accelerating efforts to deliver sweeping cryptocurrency regulations aimed at finally bringing clarity to digital asset markets. David Sacks, the White House Special Advisor for Digital Assets Policy, has confirmed that a comprehensive crypto market structure bill could be finalized by September 2025.

This initiative marks one of the most significant moves yet to define how cryptocurrencies are supervised in the United States and how key agencies like the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) will share responsibilities.

Key Objectives of the Proposed Bill

1. Define Jurisdiction and Reduce Confusion
The legislation aims to end years of uncertainty about whether digital assets should be classified as securities, commodities, or something else entirely. By clearly delineating the regulatory scope between the SEC and the CFTC, the government hopes to eliminate overlapping oversight and contradictory enforcement actions that have discouraged institutional investment.

2. Establish Consumer Protection Standards
The bill is expected to strengthen consumer protections, including rules for initial coin offerings (ICOs), stablecoin issuers, and custody requirements. Lawmakers have emphasized that investors must have access to transparent information and clear recourse in the event of fraud or malpractice.

3. Promote Institutional Adoption
With precise rules and predictable enforcement, the government aims to attract more institutional capital into crypto markets. Regulatory clarity is widely seen as a critical factor holding back hedge funds, pension funds, and large financial institutions from entering the space in a meaningful way.

Bipartisan Support and Political Momentum

Sen. Tim Scott, chair of the Senate Banking Committee, and Rep. French Hill have both voiced support for advancing the bill before the September 30 deadline. According to Sacks, the bipartisan commitment signals that Congress and the White House recognize the urgency of ensuring the U.S. remains competitive as other jurisdictions, notably the European Union, implement their own digital asset frameworks such as MiCA.

Sen. Cynthia Lummis, a long-time advocate of crypto innovation, underscored that the bill will prioritize financial innovation while balancing security and consumer safeguards.

Potential Impact on the Crypto Industry

If passed, the legislation is likely to trigger far-reaching changes:

• Increased Institutional Investment
  Regulatory certainty could unlock billions of dollars in fresh capital from institutional investors who have been waiting for clear guidelines before committing to the market.

• Growth of Regulated Exchanges and Custodians
  Exchanges and custodial platforms compliant with the new rules may gain market share, encouraging consolidation and the emergence of U.S.-based leaders in the space.

• Renewed Momentum for Bitcoin, Ethereum, and Stablecoins
  Clear definitions and protections may lead to higher trading volumes and greater public confidence in digital assets.

Industry Reaction

Many industry stakeholders have welcomed the announcement, seeing it as a sign that the U.S. is prepared to catch up with global peers. However, some caution that overly restrictive requirements could stifle innovation or push startups offshore. The final text of the bill is expected to address these concerns through tailored provisions for different types of assets and business models.

What Comes Next?

Draft negotiations are underway, and lawmakers are collecting feedback from industry representatives, consumer advocates, and financial regulators. The target remains to introduce the bill formally in Congress before the end of Q3 2025, setting the stage for debate and possible enactment later this year.

The outcome could define the next decade of crypto development in the United States.