The so -called Crypto Week of the US House of Representatives.
While that last necessary vote on the Stablecoin bill known as the guide and establishment of national innovation for the US stable. UU. (GENIUS) Act would send it to President Donald Trump’s desk to sign, is the largest bill, the Digital Assets Clarity Law, the main concern of the cryptographic industry.
This legislation is expected to establish a regulatory framework for the American cryptographic activity to emerge at the end of the afternoon on Wednesday for vote on the floor, the lobbyists of the industry will be advised, which would send the law of clarity to the Senate for consideration. The Chamber has come so far before in a bill of market structure for digital assets, but the Senate was motionless on the subject during the previous session of the Congress. This time, key senators are making promises to complete the work on this subject quickly.
The clarity law is expected to be approved with a heavy bipartisan vote. Its predecessor, financial innovation and technology for the law of the 21st century (FIT21) He drew 71 Democrats when he passed. There is a tremendous pressure on the sector and among the Republican legislators who lead the position to obtain more than that for clarity, so it reaches the Senate with high impulse.
Although Senator Tim Scott, president of the Senate Banking Committee, said that the clarity law will act as a template for the work of their camera, have been told to cryptographic lobbyists that legislators cannot closely have their language, which suggests an upcoming negotiation period.
On Thursday morning, according to people familiar with planning, the Chamber will be expected to vote on the genius, the bill to establish railings for stablecoins emitters, such as the USDC of Circle and the USDT of Circle Tether. That bill has already approved the Senate with a wide bipartisan approval, and the legislators of the House of Representatives agreed to take it as it is, which means that its course would soon end at Trump’s desk if it erases this last legislative step.
The voting series is equivalent to “the most consistent week until the digital asset industry in Capitol Hill”, according to the senior director of government relations of the Blockchain Association, Jessica Martínez.
Before you can establish all this stone vote time, the Chamber Rules Committee will meet on Monday afternoon to solve the plan. The rules panel establishes the procedures of how each piece of legislation will be handled on the floor of the house.
If the Crypto week follows the expected course, it will end with a cryptographic milestone for the Congress, approving the first important cryptographic regulatory bill. Once Genius is law, the industry will focus full on the structure of the market, although it is not clear how much work should be done to reach an agreement between the Chamber and the Senate. Senator Scott said the Senate will be done with his work before September 30.
“Instead of having clarity, we believe that the Senate will present its own bill, but not before September,” said Ian Katz, an Alpha capital policy analyst, although he doubts that the final effort is completed this year.
Also this week, the house was prepared to approve another bill that would prohibit a digital currency from the United States Central Bank (CBDC). Republican legislators have presented the case against the Federal Reserve that issues a digital dollar that said they could compete with the stabilizations issued by the United States and could give the government financial surveillance skills over citizens. Although the federal government has not followed a CBDC significantly, legislation would reduce the ability to do so in the future. The Chamber is expected to vote on this bill on Wednesday, although it is not clear what its destination can be in the Senate, which does not yet have a counterpart bill.
