Law to regulate the US crypto market could be ready in September


By Hannah Pérez

The White House cryptocurrency advisor, David Sacks, confirmed the new schedule for the culmination of key cryptocurrency and stablecoins laws. Other officials also indicated on September 30 as deadline.

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  • September is the new deadline for the signing of the cryptocurrency law in the US.
  • White House Advisor, David Sacks, shared the tentative schedule.
  • The plan is to approve in the first week of September and culminate it at the end of that month.
  • Clarity Law of crypto market structure and Genius of Stablecoins They could arrive in synchrony.

The most important cryptocurrency legislation in the United States could come as soon as in September.

The artificial intelligence and cryptocurrency advisor of the White House, David Sacks, has suggested in social networks that the expected law on the structure of the cryptocurrency market could be ready by the end of September.

In a publication in X On Friday, Sacks thanked the president of the Senate Banking Committee, Tim Scott, and the president of the Digital Assets Subcommittee, Cynthia Lummis, for “Announce a clear schedule and a plan for comprehensive legislation on the structure of the cryptocurrency market”, Thus advancing an attempt.

The legislative agenda is clear: present the bill before the recess of August, Approve it in the first week of September and finish it at the end of that monthhe said.

“July will be a great month, with the signing of a bill for Genius and Clarity in the Senate!”Sacks wrote in a monitoring publication, referring respectively to the Stablcoins bill and the structure of the cryptocurrency market.

September is the new deadline

The new date was also confirmed by Senator Tim Scott, president of the Senate Banking Committee, who would have said Thursday to the Donald Trump cryptocurrency advisor Trump, BO HIES, that the legislation that establishes the rules for the United States digital asset markets will be finished for September 30as reported COINDESK.

Like Sacks, Senator Scott also mentioned the progress of the genius law, which establishes norms for the issuing issues of Stablecoins introducing a regulatory framework for digital assets with fiduciary parity. The legislator put his agreement with Trump in which the House of Representatives should pass it quickly after the approval of the Senate last week.

After ensuring a bipartisan victory in the Upper House of the US Congress. Stablecoins.

Take it to my ASAP desktop, without delays or added“Trump said last week, expressing his desire to have the Genius document ready to sign as soon as possible and reiterating his interest in finishing before the Congress recess in August.

Trump had previously stated that he had in mind to sign a law of Stablecoins Before August, although one of the main legislators elaborated by the Genius project ruled out that possibility when it estimated its sanction by the end of the year.

Cryptocurrency legislation advances in the US.

Introduced in May, the Clarity Law (Digital Asset Market Clarity Act, or Law of Clarity of the Digital Assets Market) is a bipartisan project that seeks to establish a clear regulatory framework for cryptocurrencies. The project aims to provide normative clarity, protect consumers, promote innovation and strengthen US leadership in the digital financial sector, especially in the development of technology Blockchain and decentralized finances (web3).

At the beginning of the week, Senator Lummis had said in an event in Washington that both laws on cryptocurrencies would be completed at the end of the year, suggesting that the time window would effectively extend beyond Trump’s desire.

The timelines recently expressed by US policy formulators confirm the ambition of Trump’s administration to implement new specific rules for the cryptocurrency market. Since his presidential campaign last year, Trump has reiterated his support for Bitcoin and has promised to create clear rules for the sector.

“I have been very clear that I believe that the president’s mandate to transfer the genius law immediately to his desk is the best for the American people“S said Scott to COINDESK. “I think we can do both in a very urgent matter, and That is why I have promised to set a deadline. ”

Despite the efforts and ambition to culminate soon, some members of the House of Representatives have indicated that an effective sanction could be delayed due to the work of both cameras to review the projects, according to that media.


Hannah Estefanía Pérez / Diariobitcoin

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