On July 17, the Chamber of Representatives of the United States voted 308 to 122 in favor of the Act on Engineering, a bill entirely focused on stablecoins. The legislation is now on the way to the president Trump Office, potentially preparing the ground for the first clear federal rules around the digital tokens with Pie with a dollar.
Stablecoins get the spotlight
The act of genius statement A simple Rule: Each stablecoin must be supported one by one with cash or cash active ingredients, And Emitters must make these reservations public. Supporters say This could help prevent another terra -style fusion and finally give Us users a stablecoin that they can In fact trust.
Tomorrow Friday 2:30 p.m.
The historic moment will be recorded for the story
The signature ceremony for industry leaders and legislators will be there to attend Trump
Sign the act of genius
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(@ Major This decision too responses Assembly pressure of cryptography defenders who were request For clearer rules around Transparency and security.
Three invoices, a large push
The Stable bill is part of a wider package. In addition to the Act on Engineering, the Chamber has adopted the law on clarity and the anti-CBDC law on the state of surveillance. The Clarity Act would give the CFTC more control over the cryptographic markets, while the anti-CBDC bill aims to block the efforts of the digital dollar in the federal reserve. The Republicans pushed the three forward during what they called “”Crypto week,“” an extent of coordinated legislative action aimed at rewrite country Approach to digital assets.
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Trump Crypto-pivot
President Trump openly supported crypto in recent months and has clearly indicated that he wanted see The United States takes the lead. The signing of the act of genius would help him show the follow -up on this message.
The contrast to the previous one administration A more cautious approach is difficult to miss, and Trump adopted crypto policy as a corner problem before the electoral season.
Everyone Is sold
Not everyone applauded. Legislators like Maxine Waters and Elizabeth Warren have expressed concerns concerning the Bill’s Lack of stronger guarantees. They also reported potential conflicts of interest, noting that some members of the Trump family have links with cryptographic companies. Industry groups, on the other hand, consider the bill as a welcome signal that Washington is ultimately willing to engage rather than to restrict.
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Senate still in play
The Act on Engineering has already adopted the Senate, but the other two bills must still erase this Chamber. The big question is now whether the managers of the Senate will accelerate or let them bury. Anyway, the The result could determine the amount of regulatory clarity that the cryptography markets Get before the next elections.
What the market thinks
The merchants saw this happen. Bitcoin had already joined before the vote and held stable once the bill was adopted. Analysts say that the next phase depends on what is happening in the Senate. If the congress follows and the president signs the three bills, this could open the door to a new capital flowing in space, especially Institutions that have gone on the sidelines.
Wrap
The act of genius could be the beginning of a new phase for American cryptography policy. It establishes a precedent on the Stablecoins and shows that legislators are starting to take digital assets seriously. But The real test will be what will happen next and if the Senate and the White House can turn This momentum in sustainable law.
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Main to remember
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The American Chamber adopted the Act on Engineering with a vote from 308 to 122, sending the first major Stable bill to President Trump for approval.
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The law on engineering would oblige all the stablecoins to support one by one by assets in cash or in cash, with complete public reserve disclosure.
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It is part of a broader effort which also includes the law on clarity and the anti-CBDC law, both adopted during a “crypto week” led by the Republicans.
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Trump’s open support in Crypto adds pressure to the Senate to answer, especially with the booming electoral season.
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The markets remained stable after the vote, but the attention has now moved to if the Senate will advance the complete package.
The Stablecoin Act Act bill heads for Trump after the home approval appeared first on 99Bitcoins.
