The US Congress accelerates the push for encryption legislation and strives to complete it before August

According to Crypto In America, US congressional members returned to Congress after the Easter recess to prioritize cryptocurrency 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 the Agriculture Committee will hold a joint hearing on May 6th to discuss the legislative blueprint for digital assets. The Senate is also integrating the contents of the 2022 Lummis Gillibrand Act and FIT21 Act.