U.S. Congress accelerates encryption legislation, aims to complete it by August

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According to ChainCatcher and Crypto In America, US Congress members will return to Congress after Easter break, prioritizing crypto legislation with the goal of completing 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 6 to discuss the legislative blueprint for digital assets. The Senate is also integrating the contents of the 2022 Lummis-Gillibrand bill and the FIT21 bill.

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