The 119th session of the US Congress began, and the digital asset sector hopes that there will soon be favorable and clear regulatory railings for cryptocurrency and stable markets.
During his campaign, President elected Donald Trump prompted Transform the United States into “Cryptographic capital of the planet ”and, according to the non -profit group group CryptoThe 2024 elections saw 250 “pro-Crypto” members of the Congress elected With 16 “Pro-Crypto” senators.
While the scene seems be settled For a sea of change of regulationwith Cryptic supporters set to direct the Commission of securities,, Commerce department And more, a fundamental gap remains: real policy be draftedsponsored and referred to Home Or Senate committee.
Once the new administration has been sworn in, there are three key things to keep an eye on, including the potential establishment of a national reserve for Bitcoin; clarity to know if the dry or Commodity Futures Trading Commission a jurisdiction on the elements of the industry; And clarity around stablecoins, including their broadcast.
Previous administration policy was centered on two invoices – one on stable And the other on digital assets market structure – None of the two has successfully left their Reviews of the second room.
Read also: Bears, bulls and regulations shape the aspirations of cryptography in 2025
The federal initiatives proposed by the 47th cryptographic administration
While the freshly elected legislature can tip the pro-Crypto, the resolution of the problems linked to cryptography will require collaboration between Congress, regulatory organizations and industry stakeholders.
For legislators and regulators, the task is intimidating. Can Washington create a coherent regulatory framework that promotes growth without stifling creativity? Will a balance be concluded between consumer protection and empowering the cryptographic companies to innovate? These questions require more than theoretical answers; They call for action.
The regulatory landscape of cryptocurrencies is as fragmented as the blockchain itself. Who you ask, Bitcoin and Ethereum are either products supervised by the CFTC, or the titles that fall within the dry. Smaller tokens are faced with even more disturbing classifications, leaving cryptographic companies trapped in a field of legal uncertainty.
For startups, the challenges are existential. A classified token like security triggers strict recording and report requirements, while raw materials are faced with less obstacles. This inconsistency can often lead to innovation abroad.
Despite the urgency of explicitly demarcating dry and CFTC surveillance from Cryptographic marketsgiven the rise of stableIt is likely that Stablecoin’s legislation could come first. The Republicans and Democrats of the Chamber’s Financial Services Committee almost reached a compromise last year, and Europe was the first great economy to pass a Crypto license framework, Crypto-active markets (Mica), who also explicitly treated stablecoins.
Belcher Martapresident of FILECOIN Foundationexplained that among the biggest claims is so stable must be one by one by one supported by American dollars, arguing that this requirement would be “beyond is requested other sectors.
See also: Short docs show crypto freeze of the regulator was more warning than prohibiting
A Bitcoin national reserve: dream or necessity?
Maybe the most ambitious idea drift is the establishment of a Bitcoin National Reserve. According to Trump advisers, the proposal would involve keeping all current Bitcoins held by the government and accumulate more to strengthen the country’s cryptographic assets. This would position the United States as one of the greatest sovereigns Bitcoin carriersIncrease global confidence in its leadership of the cryptographic market.
Even if the idea is gaining ground, the implementation would require unprecedented collaboration between the Congress, the Federal reserveAnd Treasury. It is probably a long -term shot, but in a world where central banks experience digital currenciesNothing is outside the table.
At the same time, it is likely that the inbound administration is more inclined to oppose the creation of new regulations And in favor of increasing clarity as to the place where the cryptographic industry can work.
“We signed more American business In the last six weeks of 2024 (since the elections) that the previous six months “,” Ripple CEO Brad Garlinghouse Written this week in an article on the social platform X. “… say what you want, but” the Trump effect “already makes a crypto again – through its campaign and in the priorities of day 1 of the administration.”
“For Ripple, it is even more personal after (president of the Securities and Exchange Commission Gary) Gensler effectively frozen our commercial opportunities here for years,” added Garlinghouse.
Legislators, ultimately, tend to move much slower than innovation.
However, the crypto does not correspond perfectly to existing frameworks, and it is the root of the problem. Trump’s position could attract capital and talent in the United States, but without adequate supervision, the even Policies that promise growth could also expose the market to risks.
