This week, the US Congress will launch a legislative career that can change the regulatory framework of cryptocurrency.
From July 14th to 18th, legislators will face a key agendavoting for three bills aimed at establishing clear industry standards, protecting consumers, and strengthening the country’s technical and financial leadership at the global level.
As reported by Cryptootics, the attack, dubbed “Cryptocurrency Week” by lawmakers, is concentrated on three legislative pillars that directly address current regulatory gaps. These bills are as follows:
Race Clarity:
Most cryptocurrencies such as Bitcoin (BTC) and Ethher (ETH, Ethereum Network’s cryptocurrency) are made into digital raw materials (digital raw materials)Digital products) instead of the value (securities), resolves previous regulatory disputes.
Additionally, it clearly separates the responsibilities of the Bag and Securities Commission (SEC) and the Basic Product Future Negotiation Committee (CFTC), giving the latter key market oversight to digital commodities cash, while the SEC regulates value-related assets. This reduces the overlap of regulators that has hindered sector investment and innovation.
Ley Anti-CBDC:
It proposes rejecting the creation of a central bank digital dollar without the explicit approval of Congress. This measure directly addresses growing concerns about centralising state surveillance and financial controls.
Rei Genius:
Establish a comprehensive regulatory framework for stables, such as USDT (Tether) and USDC (Circle). The law seeks to strengthen trust in the market through strict requirements such as 1:1 reserves and audits, consumer protection and promoting financial stability. Additionally, it encourages the use of dollars in the digital economy and consolidates its position in the face of global clever trends.
For years, the digital assets sector has operated in grey regions, faced with regulatory bodies, leaving businesses and investors without a clear path.
In response to this, the announcement SO -CALLED “CryptocurrencyWeek” Accelerate the rhythm of the parliament Respond to industry pressures demanding predictable rules to innovate. Republican leaders decided to use political impulses to approve these laws before the legislative collapse in August.
In short, this “Cryptocurrency Week” will become two-headed with actions in the House and Senate. The Chamber of Commerce will vote for three important projects that will send out the genius law, the desk of President Donald Trump, after its Senate approval.
The Senate will bolster its agenda. The Agriculture Committee will hold a hearing on Tuesday, July 15th about the structure of the Clarity Project’s digital asset market.
Additionally, the media subcommittee and the Chamber of Commerce arbitration will address fiscal policy on cryptocurrency on Wednesday, consolidating joint efforts to regulate the sector and position the US as a leader in digital assets, as reported in the US.