Bang from the White House. In the week from 14-18. The official “Crypto Week” now takes place in July. Together with the Republican majority in the congress, a real law offensive is to be launched in order to cement America's supremacy in the crypto sector.
Mike Johnson, spokesman for the House of Representatives, and the committee chairman French Hill and GT Thompsonam announced Thursday that the week from July 14th will be all about crypto regulation. The agenda includes a StableCoin law, a comprehensive law on the market structure of cryptocurrencies and another that is directed against a digital central bank currency (CBDC).
“The Republicans in the House of Representatives take decisive steps to implement the entire agenda of President Trump for digital assets and cryptocurrencies,” said Johnson in a message. The pressure from the white house is noticeable.
Stablecoins: Der GENIUS-Plan
The new administration with the regulation of stable coins seems particularly in a hurry. President Trump has signaled that he wants to see a corresponding law on his desk by August. In order to adhere to this period, the House of Representatives now focuses on the version already adopted by the Senate called “Genius”.
The draft law stipulates that stable coins must be fully covered by US dollars or comparably liquid assets. Issuers with a market capitalization of over $ 50 billion are to be checked annually. In addition, clear guidelines for foreign issuers are determined.
More clarity for the market
Another milestone is to be the “Digital Asset Market Clarity Act” (short: Clarity). This law should finally create a clear regulatory framework for the crypto sector. In particular, the distribution of responsibilities between the SEC stock exchange supervision and the raw material supervisory authority CFTC is regulated-a point that has caused massive uncertainty among companies and investors in the past. In addition, financial oral obligations for companies and the strict separation of corporate and customer funds are planned.
No digital dollar
The third law is the advance of parliamentary group leader Tom Emmer. He wants to prohibit the US Federal Reserve by law to issue a digital central bank currency directly to citizens.
Emmer was combative: “By putting these three laws onto President Trump's desk, we will protect the right of Americans on financial privacy and redeem our promises to make the United States the world of crypto.” He added: “A new day for American excellence has finally broken down, and now it is time to do the work.”
The prospect of clear rules and legal certainty could be the crucial catalyst for the next big rally. Institutional investors who were previously on the sidelines because of the uncertain legal situation are now being rolled out the red carpet. Investors remain on board.
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