Three projects of different cryptographic law could go through the House of Representatives in the coming days: the Genius Law, the Law of Clarity and the Anti-CBDC law.
The “Guide and the establishment of national innovation for US stabilizations of 2025” (GENIUS) ACT would establish a frame to supervise Stablcoins. The Senate has already approved, so it has a solid possibility of becoming the first bill focused on cryptographic that the federal government signs.
The “Clarity of the Digital Assets Market of 2025” (Clarity) The law, meanwhile, is a more fleshy legislation that would create clear jurisdictional limits between the stock exchange and securities (SECOND) and the Basic Products Trade Commission (CFTC) In the regulation of digital assets.
The cryptographic industry has been waiting for a bill for a long time, said Katherine Dowling, Bitwise General Advisor to COINDESK.
This law of clarity does not yet have a counterpart in the Senate, although multiple hearings on the subject have been held, and the hope is that the legislation is signed before the end of the year.
As for the State Law on Anti-CBDC surveillance, it would prohibit the United States from creating its own digital currency of the Central Bank.
“If it is not designed to be open, without permission and private, which resembles cash, a CBDC issued by the Government is nothing more than an Orwellian surveillance tool that would be used to erode the American lifestyle. We are not going to let that happen,” the sponsor of the house, most of the house, the whip of the house, published in the spring. This bill does not have a counterpart in the Senate either.
The three pieces of legislation are expected to approve the house with bipartisan support. That would be a great victory for the industry. Bills are not perfect, Dowling said, but even an imperfect frame will dissipate current regulatory ambiguity and help cryptographic companies operating in the US. UU. Difficult points will probably be softened over time, he argued.
“Other countries are already in the race, while we are still attacking,” he told Coindesk. But Washington has changed its attitude towards incredibly quickly cryptography since the re -election of Donald Trump and the departure of the former SEC president, Gary Gensler, he said.
“You have to maintain that impulse. Labeling ‘Cryptography Week’ and having it in part of the presidential agenda is really very important,” he said.
