Key ads about Bitcoin are approached at the regulatory level

Currently, the looks behind Bitcoin (BTC), which reached a record price yesterday about $ 112,000 (USD), are put in the United States, where two historical decisions could transform the present of digital assets to give them momentum and integrate them more into the traditional financial system.

On the one hand, the possible approval of the Guide and Establishment of National Innovation for the United States Stable (Genius) is at stake. And, on the other, that of a Bitcoin strategic reserve in Texas, the second largest state of the American power.

In the Senate, the genius law prepares for its final debate and vote, A key step to regulate the Stablecoins marketincluding USDT of the Tether and USDC company of Circle, which together exceed 210 billion dollars in market capitalization. With its approval, a clear legal framework would be established that foster institutional trust.

Among its provisions, the obligation of the authorized issuing issues, whether they are subsidiaries of secured depository institutions, non -banking emitters with federal or state rating, to maintain complete reservations in liquid assets, such as US dollars or treasure bonds. This with the idea that each Stablecoin is supported, as specified in the draft project introduced in the United States Senate.

The bill has the acceptance of several actors in the industry, despite criticisms such as that, with its approval, the United States will have the power to block transactions in USDT and other Stablecoins, as Cryptonotics already reported. However, although that has been a matter of debate, it is applauded that prioritizes consumer protection, ensuring reimbursements in case of bankruptcy of emitters and prohibiting public officials to issue Stablecoins during their mandate To avoid conflicts of interest.

The community sees in the Genius law a step towards the integration of digital assets in the global financial system, especially because It would be the first legislation of this type to overcome the complex processes of the Senate.

With its possible approval before the recess of the Fallen Day this Monday, May 26, due to the extensive advance of the legislative process, the expectations are high. However, lawyer John Deaton warned that a rejection could postpone significant reforms until 2029, leaving the sector in a regulatory limbo.

In any case, after a crucial procedure vote last Monday, which surpassed a bipartisan support of 66-32, the Genius law seems to have a clear path. Figures such as Senators Cynthia Lummis and Kirsten Gillibrand have been their main drivers.

“Now we have all the expectations that will be approved,” said David Sacks, who works as the Tsar (specialist) of cryptocurrencies and artificial intelligence in the White House.

Senator Elizabeth Warren usually lifters her voice, warning about possible regulatory lagoons and pointing out conflicts of interest, particularly in relation to the USD1 stablcoin, which has been linked to the family of President Donald Trump. Although this has not been a reason for disapproval, but of advances in modifications.

Warren, together with other legislators, presented an amendment to the Genius bill to prevent presidents and other US officials from benefiting from Stablecoins, which can facilitate their approval.

A Bitcoin strategic reserve is about to be created in Texas

At the same time, in the state of Texas, the eighth largest economy in the world is one step away from consolidating its reputation as a Pro Bitcoin bastion. This is because the SB 21 bill, which proposes the creation of a strategic Bitcoin reserve for the State, has already received green light from its representatives and now only expects the governor’s signature to become law, something that could take place at any time.

This regulation would allow Texas comptroller Buy, sell and maintain bitcoin as part of the State’s financial strategy. The wake of proposals at the national level follows, such as the “Bitcoin Law”, which seeks that the federal government acquires 1 million BTC within five years for a national reserve.

After the entry into force of laws in Arizona and Oregon that are opening the doors For Bitcoin to integrate into their state financial systemsthe definitive approval of the SB 21, strongly backed by figures such as Senator Charles Schwertner, would be a significant support for Bitcoin’s legitimacy as a strategic asset at the state level.

According to an opinion article published in cryptootics, this measure could trigger a phomo effect, encouraging other jurisdictions to follow the example of Texas.

However, the market also remembers the caution that followed previous ads, such as the executive order of President Trump that, although positive for the industry, did not include direct purchases of BTC by the federal government, which caused a temporary correction in prices.

As the clock progresses, the Bitcoin and cryptocurrency ecosystem awaits with expectation the results of these decisions that, in addition to meaning regulatory historical changes, could impact on the feeling of the market and, therefore, in the price of Bitcoin.

The approval of the Genius law and the Bitcoin strategic reserve in Texas are two of the regulations that They could consolidate An impulse to integrate digital assets into the global financial system already the United States as leader in the digital economy. However, political tensions and regulatory uncertainty remember that the road is not exempt from obstacles.

While Bitcoin consolidates his new maximum historical prices and the regulatory framework of the Stablcoins seeks their place in the present, the next few hours will determine if this day marks the beginning of a new era of financial innovation, with Texas adding as a market investor.