Key dishes to remember
- The House of Representatives nicknamed on July 14 to 18 “Week Crypto”.
- Members should vote on the Act on Engineering, which would allow private companies to issue stablecoins. A successful vote in the House would send the bill to the office of President Donald Trump, who expressed his support for the proposal on social networks.
- The Chamber should also examine the law on the clarity of the digital asset market, which would establish a regulatory framework for cryptocurrencies.
Cryptocurrencies – and, in particular, Stablecoins – should occupy the front of the stage in Washington, DC, next week during the self -proclaimed “crypto week” of the House of Representatives.
American representatives should vote on the Act on Engineering, a bill that would allow private companies to issue stablecoins, a type of cryptocurrency which has its value directly linked to a currency issued by the state, often the US dollar. The bill would oblige companies issuing stablecoins to support them individual with liquid species.
The interest of companies for stablecoins seems to increase. Walmart (WMT) and Amazon (AMZN) would have planned to launch their own stablecoins, which buyers could use as payment option. According to experts, this could considerably change the landscape of payments, as their generalized use could allow retail titans to reduce the billions of dollars in credit transaction costs they pay for visa (V) and Mastercard (MA).
The engineering law was adopted 68-30 by the Senate last month, so the approval of the Chamber would send it to the office of President Donald Trump. In a social article of truth then, Trump said that the bill “would make America the undisputed leader of digital assets”. Trump has a participation in World Liberty Financial, a company that launched its own stablecoin, USD1.
The Chamber may also consider the law on the clarity of the digital asset market, which would establish a regulatory framework for cryptocurrencies involving the Securities and Exchange Commission and the Commodity Futures Trading Commission. The donors of the Clarity Act include the Crypto Coinbase Global Coinbase exchange operator (corner), which led a six -digit advertising campaign calling for it.
The CBDC anti-surveillance State Act, which would prevent the federal reserve from issuing a digital currency of the Central Bank, should also be discussed.
Bitcoin, the main cryptocurrency, has been in tears lately, going from less than $ 80,000 in April to more than $ 110,000 this week.
