Clarity law for cryptocurrencies is accused of “calamity”

The Democrats of the United States Financial Services Committee reinforced their frontal attack against cryptocurrency bills promoted by Republicans. They did this accusing the initiatives to undermine financial stability.

The offensive began before the arrival of the “cryptocurrency week” that began on Monday promoted by Republicans, but It has been intensifying in Congresswhere three key proposals advance to vote in the lower house.

These projects are Clarity, which proposes to divide digital assets into Securities and CommoditiesGenius, which offers a regulatory framework for Stablecoins, and Anti-CBDC, which aims to prohibit the issuance of a central bank digital currency.

The leader of the Republican majority, Steve Scalise, confirmed that the projects will arrive at Plenary this week. The Democrats, however, responded renamed them with provocative names.

In such a way they called to the clarity bill (clarity, in Spanish) as “calamy” (calamity). They also renamed the Genius regulatory initiative (genius) as “unstable” (instability), playing with the word stablecoins, and the anti-CBDC proposal as “anti innovation.”

This measure was promoted as a strategy to discredit them and mobilize opposition. With derogatory nicknames they seek to ridicule the proposals, suggesting that Clarity Law would generate regulatory chaos, Genius lacks solidity and the anti CBDC proposal slows technological advances.

As Cryptonoticia reported yesterday, the Democratic senators who do not support the laws, led by Maxine Waters, use these terms, in what they call “crypto anti-corruption week”, To associate laws with risks and question motifs. To achieve this, they have focused on cataloging the memecoin launched by the Trump family, as a fraudulent scheme.

Waters intensified the pressure, promoting his Stop Trump law in Crypto and accusing the president of enriching himself with his memecoin. He added that the cryptoactive “is useless, and that it only has value for Trump’s name and public profile.”

Meanwhile, in the streets of Washington, Coinbase displayed a millionaire campaign with advertising fences, digital trucks and 5,000 chocolate bars with the Lago of the Clarity Law distributed in the Capitol. Similarly, the Solana Policy Institute and other groups saturate the city with lobbying events.

In short, with the watch on progress and deep divisions, the week of cryptocurrencies promises to define a regulatory framework for the industry that grows in the US., Although it is not ruled out that it can become the scene of an unprecedented political shock.