The US Senate is stepping into the accelerator to define the future of cryptocurrency regulations. Lawmakers are calling for a strict roadmap to approve industry legislation by the end of September, and ending regulatory uncertainties that delay the sector.
Released this week on Thursday, June 26th, this new impulse marks July as a key month to intensify Efforts to clarify the industry through two major bills. Additionally, we follow a strict calendar that promises a critical decline in domestic digital assets.
“Julio will be a great month, signing the Genius Bill on the one hand and becoming transparent to the Senate on the other!” said David Sachs, the White House emperor who directs science and technology advisory advisors.
In legislative proposals, clear laws point to Create a comprehensive market structurewhich agents (SEC or CFTC) oversee different types of digital assets, and at the same time establish clear rules for sector exchanges and companies.
Meanwhile, with its genius, stubcoins are specially sought to protect users and ensure the solvency and security of integrating them into the financial system.
In that sense, the plan confirmed by Senators Tim Scott and Cynthia Ramis establishes a schedule with no margin of delay. That means that A draft legislation on market structure will be presented before the August break. The project will then be discussed and revised by the committee in the first week of September.
The goal is to ensure that the law is ready at the end of September. Punto» highlighted BO Hies, executive director of the Presidential Advisory Council of Digital Assets, and highlighted its unwavering commitment to deadlines.
In any case, it is not clear that the Senate-approved Genius Act on June 17th will arrive at Trump’s desk in July. However, the president said he hopes he is ready to sign him as soon as possible, as Crypto reported.
A new maze for highways or cryptocurrency for evolution?
Despite being optimistic, the speed of the process lights the alarm. Meanwhile, David Sachs questioned the genius law, claiming it was the traditional banks that imposed conditions that restricted stable competition.
According to Sacks, the ban on emitters transferring interest is Owner It was a “commitment” necessary to achieve bank support. They see them as a direct threat to their business model.
Meanwhile, other criticisms emerged, such as those launched for Dogeai analysis. Through it, it is pointed out that Rush can replicate other regulatory errors that are also discussed in Congress.
The main fear is that instead of simplifying the new framework, it imposes a double regulatory load and forces businesses to register and comply with both SEC and CFTC regulations. This, he argues, “is simply adding bureaucracy while clarifying the rules.”
Criticism emphasizes that True reform must dismantle overlapping jurisdictions of federal agenciesthe pillar of the “impulse to innovation” promoted by Trump, rather than recycling inefficiencies under new brands.
After all, stopwatches are ongoing, and September is emerging as the month in which the US decides whether to build a highway for the evolution of the cryptocurrency industry or a new bureaucratic maze.