The 119th Congress is making its first public effort to establish regulations for the $2.7 trillion crypto industry in the U.S. with a hearing titled “American Innovation and the Future of Digital Assets: Aligning U.S. Securities Laws for the Digital Age”. Republican leaders are working on delivering stablecoin and market structure bills to President Trump before the August recess. The House is expected to release a revised market structure draft in the coming weeks, building on previous bills like the FIT21 Act and the Responsible Financial Innovation Act. The House Financial Services Committee will also hold a markup session for the STABLE Act, complementing the Senate’s GENIUS Act, at the Digital Chamber Blockchain Summit.