According to Odaily Planet Daily, recently, more and more bipartisan members of the United States hope that Congress can pass major legislation related to cryptocurrencies before the end of the year. Democrats and Republicans in the House of Representatives and Senate are optimistic that both houses of Congress can use the "lame duck" session to finally pass legislation to legalize most areas of the cryptocurrency industry.

New York Senator Kirsten Gillibrand said during Washington Fintech Week that it would be great to get a market structure bill done during the lame duck session. She mentioned the FIT21 bill, which would create a federal framework for regulating digital assets.

Gillibrand elaborated that with several pro-cryptocurrency lawmakers retiring from Congress around Christmas, there may be enough collective will in December to finally push some cryptocurrency legislation through. She hopes to work with House Financial Services Committee Chair Patrick McHenry and Senator Cynthia Lummis to propose some recommendations on market structure or stablecoins before the end of this Congress.

Vice Chair of the House Financial Services Committee French Hill expressed the same view during a speech at Washington Fintech Week, believing that the regulatory framework bill FIT21 and the stablecoin bill may be considered during the lame duck session.