U.S. cryptocurrency legislation enters a critical phase, Bitcoin conference is about to be held

ChainCatcher news, according to Crypto In America, U.S. House Financial Services Committee Chairman French Hill announced that a hearing on cryptocurrency market structure will be held on June 4, with a markup session planned for June 10, aiming to complete legislation before the August 4 deadline set by President Trump.

Meanwhile, the GENIUS stablecoin bill is facing obstruction from Democrats and some Republican lawmakers in the Senate and is undergoing a new round of amendments. The SEC's crypto task force has held 104 industry meetings, including discussions with Ripple Labs, demonstrating a markedly different open attitude compared to former Chairman Gary Gensler.

Although Congress is in recess this week, the annual Bitcoin conference will take place in Las Vegas, featuring heavyweight figures such as Vice President J.D. Vance and White House crypto and AI czar David Sacks, with Crypto in America providing live coverage.