The U.S. Congress is accelerating encryption legislation and aims to complete it before August

On April 28th, news came that US congressmen returned to Congress after the Easter recess and prioritized cryptocurrency legislation, aiming to complete the stablecoin and market structure bill before the August deadline set by President Trump. The House Financial Services Committee and Agriculture Committee will hold a joint hearing on May 6th to discuss the blueprint for digital asset legislation. The Senate is also integrating the contents of the 2022 Lummis-Gillibrand Act and the FIT21 Act.