The Agriculture Committee of the House of Representatives sent an important bipartisan message with a 47-6 progress of the EE. UU cryptocurrency market structure bill. UU. On Tuesday, marking the first of several expected developments in the advance of digital asset legislation that is expected this week.
A second panel of the Congress, the Financial Services Committee of the House of Representatives, was also eliminating some of the final details on Tuesday on the bill to establish the supervision of the digital asset market, and at the same time, the legislation of the Senate to regulate the stablecoin issuers was reaching a final vote.
This year’s effort to finally establish the US scenario for cryptography trade, known as the law of clarity of the digital association market, was the focus of the frames, special audiences in which the panels of Congress consider amendments and put a final enamel on the legislation before advancing to the floor of the camera. In this case, two committees of the House of Representatives were considering the clarity law at the same time on Tuesday, and the agriculture panel ended first.
“The clarity law provides certainty about digital assets to market participants, fills the regulatory gaps in the Basic Products Trade Commission and the Bag and Securities Commission, Bolsters American Innovation and carries the protections of the necessary customers to the activities and intermediaries related to digital assets,” said the president of the Agriculture Panel, Glenn “GT” GT “Thompson, when opening the Audience of your Committee.
The panel classification democrat, the representative Angie Craig, said that “this is not a perfect bill,” but also said that dozens of millions of Americans who use cryptocurrencies “will continue to grow whether Congress acts or not, but if we do not act, it will grow without the protections of consumers that retail investors need and deserve, protections such as those that govern other corners of the financial system of the financial system United States”.
The Chamber’s Bill describes the jurisdictional borders between the two regulators of US markets and establishes a new main role for the CFTC on the trade of digital products, which represents most of the cryptographic activity. Because the two Congress Committees supervises each different elements of the cryptography market (products and values, each has a part of the relevant jurisdiction, so the work of the panels to amend the legislation will have to be cast.
Congress employees said that the products of the successful marked of each committee would be combined in a “unified” committee report to be considered by the widest chamber.
The legislation has been reviewed continuously to the marked, and the Republicans hope to keep enough Democrats aboard that a bipartisan support can influence the amount that the Senate adopts the bill if it approves the Chamber. But the Democrats in the Chamber Financial Services Committee still gathered to examine the points of the bill with which they are worried as recently as Monday night.
The representative David Scott, one of the Democrats that serves in both committees, expressed the discontent of some in his party. “The bill allows cryptographic companies to avoid adequate supervision and ignore investor protections, since I have outlined multiple occasions here and in the finance committee,” he said, arguing that the bill does not properly finance the basic products regulator. “The CFTC, although essential, is not designed to supervise investment products oriented to retail trade.”
Scott added: “This is a gift for the worst actors in this industry.”
Others are still concerned that the legislation does not directly block senior government officials, especially President Donald Trump, to personally benefit from cryptographic commercial interests.
Maxine Waters, the main Democrat in the Chamber Financial Services Committee, raised similar concerns when it introduced an amendment on Tuesday in the 2025 HUD Transparency Law that would lead its Inspector General to investigate a suggestion that the Department of Housing and Urban Development could evaluate cryptographic or t -shirt crows for payments.
“Unfortunately, Trump and his administration are trying to force cryptography for the throats of people who live in huds assisted by HUD,” he said. “For my part, I would like to know if HUD is using Trump Stablecoin, how they choose the stablcoin and what rates are being paid in the president’s pocket.”
Genius act
While the Chamber advances in the clarity law, the Senate is approaching a possible final vote this week on the guide and the establishment of national innovation for the US stamps.
The leader of the majority, John Thune, the main Republican of the Senate who recently joined the effort to boost the legislation of Stablecoin, made a procedural movement on Monday to advance soon to a final vote. Industry experts are preparing to vote as soon as Wednesday.
Jaret Seiberg, TD Cowen’s policy analyst, told clients that Thune’s measure meant a “limit what amendments can be considered before a final vote on the package”, including the difficulty of sponsors of unrelated credit card legislation to use the Stablecoin bill as a lever to force its own effort. That was one of the final potential obstacles for the advance of the Senate in the bill, which has already generated strong bipartisan votes as it advanced through the process in that Chamber of Congress.
The sponsor of the legislation, Senator Bill Hagerty, had made it clear that the bill faces a very tight window for adoption this year, considering what more is on the Senate dish. The Genius law was on the Senate floor agenda for Tuesday, with an amendment deadline for 2:30 pm.
If the Genius law approves the Senate, it will be directed to the Chamber, where a similar Stablecoin bill is already expected, after having cleared its obstacles of the committee. At that time, legislators will have to decide their strategy on how to proceed, whether to include the stablecoin issue together with the market structure bill as a single package, if the Chamber can collect the Senate bill as it is written or if the camera will seek to eat its own version.
