The Financial Services Committee of the House of Representatives could mark the market structure legislation next week, while the Senate seems close to approveing its Stablecoin bill.
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The narrative
This is what is clear: there are bills and will probably get votes next week. This is what is not clear: what all legislators may need to obtain enough votes to really advance these bills, and if they are already there or not.
Why does it matter
The cryptographic industry has waited for years for Congress to approve legislation, which gives it some type of regulatory clarity. Congress has already taken a series of key steps this year, but next week you could see that many of these steps happen.
Break down
Logistics details first. There will be Marcos in the Chamber Financial Services Committee and the Chamber Agriculture Committee on the market structure bill, the Digital Asset Marity Clarity Law (also known as only the clarity law) on Tuesday. This marking will probably end with legislators voting to advance the bill to the broader chamber of representatives (the vote may fail, but currently seems unlikely).
On the Senate side, legislators could celebrate a series of votes as early as Monday about the guide and establishment of national innovation for the United States established law of the United States (also known as genius) to advance. Senator Ruben Gallego, the Arizona Democrat who headed a pause in the advance of the bill, said in an interview on Thursday that he expects a massive bipartisan vote in favor of the legislation. You will need 60 votes to eliminate clotura (this is a second vote of sewage) and a simple majority after approving the Senate completely. After that, he is in the house.
“We have worked in a very honest and sincere way with our republican colleagues. We believe they have also been doing the same,” he said. “They adopted many of the amendments, most of the amendments that we have been adding, and have continued working with other Democrats who have other concerns, but we believe that if all the changes are made, it will be a very solid and integral bill that I think we could all be proud to vote.”
In other words, at the end of the next week it is possible that the House of Representatives have a bill of market structure to consider, amend and vote and a draft Stablecoin (the version of the Financial Services Committee of the Chamber of Genius, the stable law, already fainted from that committee a while ago).
If both bills will arrive at the desk of US President Donald Trump in the August recess is an open question. The policy formulators in Washington, DC, this week seemed skeptical that both bills would be approved by that deadline, although it is likely that the legislation of Stablecoin will clear the camera and the Senate for then.
A theory that flies is that the Genius law in the Senate could be labeled in the Chamber’s clarity law, allowing the Chamber to vote both in its bill of market structure and in the draft of Stablecoin at the same time and sending both of them back to the Senate. To be clear, this is not a firm plan, only something that several people have suggested is a possibility. However, I have heard that there will probably be a setback from the Chamber and Senate legislators if this path is followed.
The other most likely possibility seems that the legislation of the market structure will take more, perhaps until the end of the year.
This despite the continuous concerns of the Democrats that Trump enriches himself through his various cryptographic companies. Just this week, Trump’s media firm, Truth Social, requested a Spot Bitcoin Trade (ETF) fund with Yorkville America and Nyse Arca. Assuming that this product is approved, it will open another way for a Trump affiliated entity to benefit from interest in the industry.
Additional readings this week:
Trump cryptography is tied to the avant -garde while US legislators weigh the project of cryptocurrency structure structure
The Stablcoin Senate bill will probably gain mass bipartisan support, says the dem -legislator
The Democrats of the House of Representatives obtain a bonus hearing on the structure of the cryptography market, assault Trump’s conflicts
- Circle shares about Nyse’s debut, indicating a strong appetite for Stablecoin emitters: Circle was made public, with shares initially that they are quoted to $ 69, but increased to $ 100 after having an initial price of $ 31. The shares closed to $ 83 on Thursday.
- Trump’s Truth Social takes the next step to launch the spot Bitcoin ETF: Nyse Arca and Yorkville America Digital in association with Trump Media requested a quoted Bitcoin Spot exchange called Truth Social Bitcoin ETF, with Foris Dax Trust Company of Crypto.com as custodian. Documents 19B-4 and S-1 have been submitted, which means that as soon as the stock exchange and values commission recognizes the presentations, the 240-day clock is underway.
- Trump’s team ‘knows nothing’ about the apparent launch of ‘$ Trump Wallet’: Obtain Trump Memes plans to launch a Trump cryptographic wallet in association with Magic Eden, but President Donald Trump’s children say they don’t know anything about it. World Liberty Financial, the project linked to Trump that does other cryptographic things, also plans to issue a wallet and, according to the reports, sent a cessation and withdrawn to the magic Eden.
- France charges 25 people, including 6 minors, in cases of cryptography kidnapping: French authorities arrested 25 different people linked to the kidnapping attempts of several cryptographic executives and their families.
- Suspect in kidnapping of French encryptions arrested in Morocco: The group of 25 people allegedly had a leader who arrested the Moroccan police.
- Democrats say they are blocked on information on the edge of invoicing audiences of the Crypto market structure: Democrats from the Financial Services Committee of the House of Representatives say they have not received much technical assistance from regulators in the clarity law.
- US Darknet, Internet domains, cryptographic funds linked to illegal negotiation in credit card data: US authorities seized 145 Darknet domains and internet linked to a market called Bidencash.
- Moon Pay grabs the coveted approval of Bitlicense in New York: Very simple here.
Tuesday
Wednesday
- 14:00 UTC (10:00 am ET) The Chamber Financial Services Committee and the Agriculture Committee of the House of Representatives held a hearing to discuss the clarity law, the new draft Law on the Chamber Market Structure.
Friday
- 13:00 UTC (9:00 am et) The Democrats in the Chamber Financial Services Committee held another hearing centered on the cryptography links of President Donald Trump, as well as in the bill of the market structure of the market introduced by the Republicans of the House of Representatives last week. (It is not in the previous calendar because I am on the road this week and the calendar was made before announcing the audience).
- (AP news) President Donald Trump and Elon Musk had a very public dispute on social networks on Wednesdays and Thursdays.
If you have thoughts or questions about what I should discuss next week or any other comments you want to share, do not hesitate to send me an email to [email protected] or find myself at bluesky @nikhileshde.bsky.social.
You can also join the group conversation on Telegram.
Look, next week!
