PANews reported on May 26 that according to Crypto In America, the legislative process of the US Congress on crypto market structure and stablecoin regulation has entered the sprint stage. French Hill, chairman of the House Financial Services Committee, announced that the second full hearing will be held on June 4, and the bill will be reviewed on June 10. The August 4 legislative deadline set by President Trump is less than 70 days away, but the industry is skeptical about whether the market structure bill can be passed in time.

At the same time, the SEC's crypto working group has held 104 meetings with the industry, continued to promote the exploration of regulatory paths, and communicated with projects such as Ripple on regulatory clarity and the "safe harbor" mechanism. In terms of stablecoin legislation, the GENIUS Act may be sent to the House of Representatives after being passed by the Senate and then to the President for signature, and is expected to be implemented before the market structure bill.

Congress is on recess this week, and some pro-crypto lawmakers and officials will attend the Bitcoin conference in Las Vegas. The conference will feature speeches from Vice President JD Vance, Senators Lummis and Hagerty, Michael Saylor, and members of the Trump family.