The Chamber’s Financial Services Committee could mark the market structure legislation next week, while the Senate almost adopted its bill on stables.
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The story
Here is what is clear: there are invoices and they will probably get votes next week. Here is what is not clear: what all legislators may need to obtain enough votes to advance these bills, and whether they are already there or not.
Why it matters
The cryptographic industry has waited for years that Congress has been taking legislation giving it a kind of regulatory clarity. The congress has already taken a number of key measures this year, but next week could see a lot of these measures occurring.
Decompose it
Logistics details first. There will be increases in the Chamber of Financial Services Committee and House Agriculture Committee on the Market Structure Bill, Digital Asset Market Clarity Act (otherwise known as Clarity Act) on Tuesday. This markup will probably end with the legislators voting to advance the bill in the wider House of Representatives (it is possible that the vote fails, but this currently seems unlikely).
On the Senate side, legislators could hold a series of votes on Monday on the purchase and establishment of national innovation for the American stables of the law of 2025 (otherwise known as engineering) to make it move forward. Senator Ruben Gallego, the Arizona Democrat who has taken a break in the progress of the bill, said in an interview on Thursday that he expects a massive Bipartisan vote in favor of the legislation. He will need 60 votes to erase the Clot (this is a second vote by the fence) and a simple majority thereafter to completely adopt the Senate. After that, it’s at home.
“We worked in a very honest and serious way with our republican colleagues. We believe that they have also done the same,” he said. “They have adopted many changes, most of the amendments we have added, and they have continued to work with other democrats who have other concerns, but we think that if all the changes are made, it will be a very solid and complete bill for which I think we could all be proud to vote.”
In other words, at the end of next week, it is possible that the House of Representatives will have both a bill on the structure of the market to consider, amend and vote and a bill on stables (the version of the Genius financial services committee, the stable act, already issued from this committee some time ago).
The question of whether the two bills will go to the office of American president Donald Trump by the recess of August is an open question. Washington’s political decision -makers, DC, seemed to be skeptical about what the two bills were adopted by this deadline, although stablecoin legislation is likely to release the Chamber and the Senate by then.
A theory flying around is that the law on engineering in the Senate could be labeled on the law on the clarity of the Chamber, leaving the Chamber to vote both on its bill on the structure of the market and the Stablecoin bill and to refer both to the Senate. To be clear, it is not a firm plan, just something that various people have suggested is a possibility. However, I have heard that there will probably be declines from the legislators of the Chamber and the Senate if this path was prosecuted.
The other possibility, more likely, seems that the legislation on the market structure will take more time – perhaps until the end of the year.
This despite the concerns of the Democrats that Trump is enriched through his various cryptographic companies. This week, Trump’s media firm, Truth Social, filed a Bitcoin Bitcoin (ETF) fund with Yorkville America and Nyse Arca. Assuming that this product is approved, it will open another avenue for an entity affiliated with Trump to benefit from the interest in industry.
The more in -depth reading of this week:
Trump’s cryptographic links at the forefront while American legislators weigh the bill on the structure of the cryptography market
Senate stable law bill likely to gain massive bipartisan support, says the legislator DEM
House Dems obtains an audition as a bonus on the structure of the cryptography market, assaulted Trump’s conflicts
- Circle shares actions on the beginnings of Nyse, signaling a strong appetite for stable issuers: Circle has become public, the shares initially negotiating at $ 69, but going to $ 100 after being initially at a price of $ 31. Actions closed $ 83 on Thursday.
- Trump’s Truth Social makes a next step in launching Spot Bitcoin ETF: Nyse Arca and Yorkville America Digital in partnership with Trump Media have filed a fund translated in exchange for Bitcoin, entitled Truth Social Bitcoin Etf, with Foris Dax Trust Company of Crypto.com as a goalkeeper. Documents 19B-4 and S-1 have been submitted, which means that as soon as the Securities and Exchange Commission recognizes the documents, the 240-day clock is underway.
- Trump’s team “ knows nothing ” on the apparent launch of Trump Wallet “:” Get Trump Memes plans to launch a Crypto Trump portfolio in partnership with Magic Eden, but the children of President Donald Trump say they know nothing about it. World Liberty Financial, the project linked to Trump which does other cryptographic tricks, also plans to issue a portfolio and would have sent a cease-up to Magic Eden.
- France invoices 25 people, including 6 minors, in cases of cryptography removal: The French authorities have arrested 25 different people linked to attempts to remove various cryptography executives and their family members.
- Suspect in the abductions of French crypto arrested in Morocco: The group of 25 people would have had a leader that the Moroccan police arrested.
- Dems say they are blocked by information on the penis of the Bill Audience Cryptographic Market structure: The Democrats of the Chamber’s Financial Services Committee say they have not obtained a lot of technical assistance from regulators on the Clarity Act.
- The United States seized Darknet, Internet domains, cryptographic funds linked to illegal negotiations in credit card data: US authorities have seized 145 Darknet and Internet domains linked to a market called BidenCash.
- Moonpay catches the approval of Bitlicense coveted in New York: Very simple here.
Tuesday
Wednesday
- 2:00 p.m. UTC (10:00 a.m. HE) The Chamber’s Financial Services Committee and the Chamber Agriculture Committee each held a hearing to discuss the law on clarity, the bill on the structure of the chamber market.
Friday
- 13:00 UTC (9:00 am) The Democrats of the Chamber’s Financial Services Committee held another audience focused on the crypto links by President Donald Trump, as well as the market on the market structure presented by the Republicans of the Chamber last week. (It is not on the calendar above because I am on the road this week and the calendar was made before the hearing announcement).
- (AP News) President Donald Trump and Elon Musk had a very public social media spit on Wednesday and Thursday.
If you have reflections or questions about what I should discuss next week or any other comment you want to share, do not hesitate to send me an e-mail at nik@PK Press Club.com or to find me on Bluesky @ nikhileshde.bsky.social.
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See you next week!
