- After cleaning the Senate, the law on engineering should be adopted by the Chamber.
- The Clarity Act would facilitate the rules for many blockchain projects.
- The legislation would constantly block a digital dollar from the American central bank.
President Donald Trump’s campaign promises the cryptography industry will soon face their first real test in the congress.
Members of the United States House of Representatives will hold a “crypto week” from July 14, legislators who will have to vote on three main elements of legislation that could reshape the digital asset industry.
In the center of the thrust are the law on engineering, the Clarity Act and the anti-CBDC law on the state of surveillance. Everyone addresses different parts of the American cryptography regulation puzzle.
Crypto lawyer John Deaton argues that the signing of these bills would make “very unlikely” for any future administration to overthrow the course.
“The toothpaste will be out of the tube,” he wrote in an article on X.
The votes will be hot on the heels of Trump’s victory via his “big and beautiful bill” of tax and discounts of expenditure on Friday.
The act of genius
The Geniors Act, already adopted by the Senate, would establish federal standards for stable -coated stables in US dollars, with transmitters higher than a threshold of $ 10 billion faced with the regulation of the federal reserve and the office of the currency controller.
Small transmitters could opt for state surveillance, according to a move, supporters encourage competition and innovation.
But the leaders of the Chamber weigh whether to adopt the Senate bill as is or continue with their more stable stable, which is based more on federal supervision, prohibits algorithmic stalins for two years and obliges anti-flowage compliance.
The initiates expect a certain form of reconciliation between the two bills if the chamber advances its version.
The act of clarity
The Clarity Act, which adopted two key committees in the chamber last month, is designed to finally settle the question of how digital assets are regulated in the United States.
The draft monitoring law largely from the cryptographic industry to the Commodity Futures Trading Commission while adapting the rules for blockchain systems which respond to its definition of decentralization.
Republican legislators argue that the bill has long been careful for innovators and developers who are built in space.
But some Democrats warn that the decentralization provisions could create a “huge escape”, which facilitates the surveillance of cryptographic companies.
The bill allows organizations to request the status of “mature blockchain”, which provides lighter rules and less challenge restrictions.
Critics say that it would overwhelm regulators and invite abuses.
Anti-CBDC act
One of Trump’s first crypto -adjacent campaign promises – to block a digital digital digital currency from the Central Bank – is also planned for a vote in the House.
The Anti-CBDC surveillance law would transform its January law decree into a permanent law, prohibiting the federal reserve or any other American agency from issuing a digital currency from the Central Bank.
CBDCs are digital money issued by the government. This is a concept that supporters say that payments could modernize, but criticism supports the state an unprecedented control over the way people spend and save.
Supporters of the bill argue that a CBDC would threaten privacy and individual financial freedom, with the author of the bill, the representative Tom Emmer, calling them an “Orwellian surveillance tool”.
Kyle Baird is DL News’ Weekend editor. Do you have a tip? Email to kbaird@dlnews.com.
