President Trump ran and won a bold promise: to make the United States the global capital of cryptocurrency and blockchain innovation. Now, with a Republican Chamber, a Republican Senate and a Republican President, we have both the mandate and the responsibility of delivering.
Last week, we made historical progress. President Trump signed the law of Senator Bill Hagerty and established national innovation for the established law (genius) of the United States (genius), an emblematic bill that consolidates a federal framework for digital assets backed by dollar. These payment stable, linked to ensure assets, now have clear rules that promote transparency, protect consumers and increase the demand for the United States Treasury bonds, all while reinforcing the position of the dollar as the most fundamental transactional currency in the world.
Genius law is a great victory for US leadership in digital finances. But, by itself, it is not enough.
To ensure the complete promise of Stablecoins, and American cryptographic innovation more widely, the Senate must also approve the law of clarity (clarity) of the digital asset market of President French Hill, who has just passed the house.
These two bills are complementary: Genius establishes the rules for the stable; Clarity offers the broader market structure that distinguishes digital products from traditional values and clearly defines the regulatory roles of the Basic Products Trade Commission (CFTC) and the stock exchange and values commission (SEC).
Without the law of clarity, the rules governing digital assets will remain fragmented, confused and vulnerable to politicization. According to the Biden administration, that ambiguity was armed, resulting in regulatory overreach, suffocated innovation and an exodus of talent and capital abroad.
President Trump is reversing the course, adopting a vision of digital innovation led by the United States, through executive action, a call to Bitcoin reserves and working with the most proprietary congress in the history of the United States.
But without legislative clarity, that progress is at risk. FTX, the most spectacular cryptographic fraud in history, occurred outside the United States precisely because early regulatory uncertainty pushed innovators in the high seas. The lesson is clear: without clear road rules, the result is chaos abroad and lost the opportunity at home.
The clarity law provides the road map we need to maintain the economy of digital assets rooted in the US., With intelligent regulation that coincides with the unique characteristics of technology. Not only will consumers and investors protect, but will also position the United States as a world leader, using financial innovation as a diplomatic asset.
Central Bank Surveillance
There is another critical border that the Senate must address: protect Americans from digital currencies (CBDC) based on surveillance.
While other nations adopt centralized digital currencies as control tools, nothing more chilling than the Chinese Communist Party, we must draw a firm line in defense of American freedom. That is why the Chamber approved the State Law on Anti-CBDC surveillance, which prohibits the Federal Reserve issuing a CBDC. It is a necessary safeguard, and we are working to guarantee its passage.
We cannot unleash a new era of innovation while we leave the door open for future administrations to convert that same technology against our own citizens.
The Senate must send the Law of the State of Anti-CBDC surveillance and the clarity law to the desk of President Trump so that the United States not only participates in the revolution of digital assets, but also directs it.
This is not a republican problem or a democratic problem. It is an American problem. Whether it is Minnesota or Alaska, whether I am 18 or 80 years old, when it is done well, this technology empowers people, strengthens financial sovereignty and unlocks opportunities for all.
It is the future. And now, we must finish the job.
