White House Sets Crypto Law Deadline as Congress Advances GENIUS and CLARITY Acts

• Crypto laws, including GENIUS and CLARITY, are set for final action by September 30.
• Coinbase, FHFA, and lawmakers back major reforms for stablecoins and crypto markets.
• FHFA now allows cryptocurrency to count as mortgage assets, boosting real-world use.

The White House has also established a firm deadline for enacting crypto legislation, with the AI & Crypto Czar, David Sacks, indicating that the market structure bills will be completed by September 30. July will be a turning point, with the GENIUS Act set to reach the bill-signing phase, while CLARITY will head to the Senate.

Senate Banking Committee Chair Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis are spearheading the legislative effort with an official agenda. The agenda includes bill introduction before the August recess, markup during the first week of September, and completion by the end of the month. The CLARITY Act focuses on market structure bills, while the GENIUS Act focuses on stablecoin structures. Both bills are supported by President Trump.

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