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Crypto Laws in U.S. Could Pass by Q2 2025 – Congressman French Hill

Crypto Laws in U.S. Could Pass by Q2 2025 – Congressman French Hill

CoinEditionCoinEdition2024/10/23 16:00
By:Ikemefula Aruogu

French Hill thinks the U.S. will introduce crypto regulations by Q2 2025. Hill thinks Congress has made progress toward achieving a crypto regulatory framework. The Congressman believes the arrival of new members will delay the bill’s passing.

  • French Hill thinks the U.S. will introduce crypto regulations by Q2 2025.
  • Hill thinks Congress has made progress toward achieving a crypto regulatory framework.
  • The Congressman believes the arrival of new members will delay the bill’s passing.

U.S. Congressman French Hill believes the government could introduce significant crypto regulations by Q2 2025. Speaking on the Thinking Crypto podcast , Hill explained that while the current Congress has laid the foundation, a new Congress would require reintroducing the bills in both the House and Senate to familiarize incoming members. This process accounts for the expected delay in his prediction.

Hill referenced the bipartisan vote last May, which supported introducing a crypto regulatory framework. He believes Congress has made real progress toward this goal, citing several hearings that have moved the regulation bill from the House to the Senate.

Although the bill’s passage through the Senate remains uncertain, Hill finds recent developments promising. He mentioned potential compromises with the Senate, including decisions on SEC exchange-traded products and changes in its enforcement division as encouraging signs.

Besides the potential influence of legislation on crypto regulation, Hill thinks the ongoing election campaign shenanigans are shaping the crypto industry. The Congressman highlighted Donald Trump’s crypto remarks, noting this commitment to the importance of digital assets and crypto in America’s future financial innovation.

Read also: Trump, Harris, and the Future of U.S. Crypto Regulation: What to Expect

According to Hill, Trump’s crypto utterances prompted a reaction from the Harris campaign, led by pro-innovation Democrats. He noted how they have worked to get the Vice President to engage the crypto community. Hill considers those significant trends aiding the ongoing discussion about crypto regulation in the U.S.

Speaking on Gary Gensler’s role in the process, Hill noted that it is common for Presidents, upon their inauguration, to ask executive branch officials to consider resigning in place of a new appointee. Therefore, he foresees Gensler stepping down as the SEC Chair and probably remaining a commissioner. 

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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