According to @FoxNews, U.S. Senator Tim Scott has set a new deadline of September 30 for completing the comprehensive crypto market structure legislation, a timeline he communicated to a White House crypto adviser. This new target is later than President Trump's request for an August completion but sooner than a previous year-end estimate from Senator Cynthia Lummis, who has agreed to the new schedule. However, potential delays loom as the House of Representatives has not committed to the Senate's stablecoin bill, the GENIUS Act, and the Senate Agriculture Committee's involvement is still required. For traders, this provides a clearer but still tentative timeline for regulatory clarity. Concurrently, political friction is increasing as Senator Adam Schiff, despite voting for the stablecoin bill, has introduced the COIN Act to prohibit officials like President Trump from issuing or sponsoring digital assets. This move, backed by other Democrats, highlights concerns over potential conflicts of interest and introduces a layer of legislative risk that could complicate the passage of the broader crypto bills.

According to nic__carter, the Democratic Party's evolving stance on stablecoins now appears to favor allowing Big Tech firms increased visibility and potential control over payment flows, a notable shift from previous criticisms regarding insufficient regulatory surveillance (source: Twitter/@nic__carter, May 9, 2025). For crypto traders, this policy uncertainty introduces new risk factors, especially concerning regulatory clarity and the influence of major technology companies on stablecoin infrastructure. Market participants should monitor legislative developments closely as they could impact stablecoin adoption, trading volumes, and overall market liquidity.

According to The Kobeissi Letter, President Trump has reiterated his willingness to sign legislation banning congressional stock trading, a stance he has supported several times. However, prediction markets currently assign only a 7% probability that such a ban will be enacted in 2025, suggesting traders anticipate significant legislative resistance despite Trump's public commitment (source: The Kobeissi Letter on Twitter, April 25, 2025). This low likelihood may affect sentiment around political risk and regulatory reform trades, with short-term volatility possible for stocks linked to congressional trading activity and policy-focused ETFs.