Three different crypto invoices could potentially go through the House of Representatives in the coming days: the law on engineering, the law on clarity and the anti-CBDC law.
“Guide and establish national innovation for American stablecoins of 2025” (GENIUS) Act would set up a framework to supervise the stablecoins. He has already adopted the Senate, so he has a solid chance of becoming the first bill focused on crypto to be promulgated by the federal government.
The “Digital Asset Market Clarity Act of 2025” (Clarity) The law, on the other hand, is a more fleshy legislation which would create clear jurisdictional boundaries between the Securities and Exchange Commission (SECOND) and the commodity future trading commission (CFTC) in the regulation of digital assets.
The cryptography industry has been waiting for such an invoice for a long time, said Katherine Dowling, a lawyer in Bitwise, told Coindesk.
This clarity law does not yet have a counterpart in the Senate, although several hearings on the subject have taken place, and hope is that the legislation will be signed before the end of the year.
As for the anti-CBDC law on the state of surveillance, it prohibits the United States from creating its own digital currency from the Central Bank.
“If it is not designed to be opened, without permission and private – resembling species – a CBDC issued by the government is nothing more than an Orwellian surveillance tool which would be used to erode the American way of life. We are not going to let this happen”, the sponsor of the bill, the majority whip Tom Emmer, displayed in the spring. This bill does not have a counterpart in the Senate either.
The three laws should pass the house with bipartite support. It would be a great victory for industry. The invoices are not impeccable, said Dowling, but even an imperfect framework will dissipate the current regulatory ambiguity and help cryptographic companies to operate in the United States, the difficult points will probably be smoothed over time, she argued.
“Other countries are already in the race, while we are still giving in our shoes,” she told Coindesk. But Washington changed his attitude to Crypto incredibly quickly since the re-election of Donald Trump and the departure of the former SEC president, Gary Gensler, she said.
“You have to continue this momentum. Labeling the” crypto week “and having been part of the presidential program is really so important,” she said.
