Washington Eyes Crypto Rules: Senate Subcommittee Hearing on Digital Assets Scheduled For Tuesday

GENIUS Act Regulation Senate Bill

Author

Julia Smith

Author

Julia Smith

About Author

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

Author Profile

Share

Copied

Last updated: 

June 23, 2025

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

The United States Senate Committee on Housing, Banking, and Urban Affairs is set to hold a hearing on Tuesday, June 24 featuring heavyweights witnesses from the crypto sector.

Key Crypto Players Set To Speak At Senate Subcommittee Hearing

According to the committee’s website, the hearing entitled “Exploring Bipartisan Legislative Frameworks for Digital Asset Market Structure” will take place Tuesday at 3:00 p.m. on Capitol Hill.

Speakers at the key crypto hearing Sarah Hammer, Executive Director of University of Pennsylvania Wharton School, Ryan VanGrack, Coinbase’s Vice President of Legal, Greg Xethalis, General Counsel for Multicoin Capital, and Former Chairman of the U.S. Commodity Futures Trading Commission Rostin Benham.

According to Crypto In America reporter Eleanor Terrett, Senate Banking, Housing and Urban Affairs Republicans are even slated to introduce “principles” of a market structure bill ahead of tomorrow’s hearing.

Senator Cynthia Lummis Encourages Market Structure Legislation

News of the committee hearing comes just one week after the Senate passed the GENIUS Act in a sweeping 68-30 vote.

“Today is a bold step forward – not just for financial innovation, but for American leadership, consumer protection, and economic opportunity,” Chairman Tim Scott (R-SC) said.

“With the GENIUS Act, we’re bringing clarity to a sector that’s been clouded by uncertainty and proving that bipartisan, principled leadership can still deliver real results for the American people,” he added.

Following the GENIUS Act’s Senate approval, Senator Cynthia Lummis (R-WY) encouraged U.S. lawmakers to advance coinciding legislation that would help broaden the crypto sector’s overall reach stateside.

“The success of the GENIUS Act hinges on comprehensive market structure legislation that protects consumers, establishes transparency, and creates clearly defined trading regulations,” Lummis said. “Congress must act quickly.”

Lummis indicated that members of Congress were already working on such legislation “in earnest,” with Senate hearings on the matter in the coming weeks.

The GENIUS Act now heads to the House of Representatives for approval.