Democrats on the US Financial Services Committee have stepped up a head-on attack on the cryptocurrency bill promoted by Republicans. They condemned initiatives that would undermine financial stability.
The attack began before the arrival of “Cryptocurrency Week,” which began Monday, which was promoted by Republicans, It’s intensifying in the parliamentthree important proposals move forward to vote in the House.
These projects are clear and propose to split digital assets into securities y merchandiseGenius provides anti-CBDCs aimed at providing a regulatory framework for Stablecoins and banning central banks’ digital currencies.
Republican majority leader Steve Scullyse confirmed that the project will arrive this week. However, Democrats replied that they had changed their name under a provocative name.
In that way, they called A clear bill (clearity, Spanish) as “Calamy” (Calamity). They also renamed the Genius Regulation Initiative (genius) as “unstable” (unstable) (unstable), playing around with the term stablecoins, calling the anti-CBDC proposal “counter innovation.”
This measure was promoted as a strategy to trust them and mobilize opposition. With a mildly rog-like nickname, they try to ridicule the proposal, suggesting that clear laws create regulatory disruptions, geniuses are not solid, and anti-CBDC proposals slow down technological advances.
As Cryptonoticia reported yesterday, Democrat senators who don’t support the law led by Maxine Waters will use these terms in what is called “Crypto Anti Corruption Week.” Relationship of law with risk and questioning motifs. To achieve this, they have focused on cataloging memocoin, launched by the Trump family, as a fraudulent plan.
Waters has accused him of increasing pressure, promoting his suspension Trump Act with code and enriching the president with his memo coins. He added that Cryptoactive is “useless and worth only in Trump’s name and public profile.”
Meanwhile, on the streets of Washington, Coinbase exhibited a billionaire campaign featuring advertising fences, digital trucks and 5,000 chocolate bars. Similarly, the Solana Policy Institute and other groups are saturating the city with lobbying events.
In short, with progress and deep divisional clocks, Cryptocurrency Week commits to define the regulatory framework for the growing industry in the US.