U.S. lawmakers from both parties hope to pass important cryptocurrency legislation by the end of the year

bipartisan lawmakers in the US Congress have recently expressed hope for passing important cryptocurrency legislation by the end of the year. French Hill, Vice Chairman of the House Financial Services Committee, stated at DC Fintech Week that the Digital Asset Regulatory Framework (FIT21) and Stablecoin Bills are expected to be considered from the November presidential election until the end of the year. Senator Kirsten Gillibrand also holds a similar view, emphasizing that with several supportive cryptocurrency lawmakers leaving office, including House Financial Services Committee Chairman Patrick McHenry, there may be enough willingness to push relevant bills through in December. Earlier, House Majority Whip Tom Emmer proposed attaching key content of the cryptocurrency bill to important year-end spending bills, such as the National Defense Authorization Act (NDAA). Hill said this provided an opportunity for Chairman McHenry to prioritize financial services in the NDAA. If unsuccessful this year, Hill stressed that privacy, stablecoins, and the FIT21 regulatory framework will be the top priority for the 119th Congress.