The expected cryptocurrency week in the United States begins

The United States Congress begins this week a legislative career that could transform the regulatory framework of cryptocurrencies.

From July 14 to 18, legislators will face a crucial agendavoting three bills aimed at establishing clear standards for industry, protecting consumers and strengthening the country’s technological and financial leadership at the global level.

The offensive, which was called by legislators as “the week of cryptocurrencies”, is concentrated in three legislative pillars that directly address current regulatory gaps. These bills are:

Clarity Law:

It seeks to eliminate ambiguity by classifying most cryptocurrencies, such as Bitcoin (BTC) and Ethher (ETH, cryptocurrency of the Ethereum Network), as digital raw materials (digital commodities) instead of values (Securities), solving previous regulatory conflicts.

In addition, it clearly delimits the responsibilities of the Bag and Securities Commission (SEC) and the Basic Product Future Negotiation Commission (CFTC), granting the latter the main supervision of the markets to the cash of digital commodities, while the SEC regulates assets related to values. This reduces the regulatory overlap that has hindered investment and innovation in the sector.

Anti-CBDC law:

It proposes to veto the creation of a digital dollar of the Central Bank without an explicit approval of the Congress. This measure responds directly to the growing concerns about state surveillance and centralization of monetary control.

Law Genius:

It establishes a comprehensive regulatory framework for the stablecoins, such as USDT (Tether) and USDC (Circle). This legislation seeks to strengthen confidence in the market through strict requirements, such as 1: 1 reserves and audits, protecting consumers and promoting financial stability. In addition, it encourages the use of the dollar in the digital economy, consolidating its position in the face of global defront trends.

For years, the digital asset sector has operated in a gray area, facing regulatory agencies and leaving companies and investors without a clear path.

In response to this, the announcement of The so -called “cryptocurrency week” accelerate rhythm in Congress and responds to the pressure of an industry that demands predictable rules to innovate. Republican leaders, determined, seek to capitalize on the political impulse and approve these laws before the August legislative break.

In short, this “cryptocurrency week” becomes bicameral with actions in the House of Representatives and the Senate. The Chamber will vote on the three key projects, sending Genius law, the desk of President Donald Trump if he passes without changes, after his approval in the Senate.

For its part, the Senate intensifies its agenda. The Agriculture Committee will hold a hearing this Tuesday, July 15 on the structure of the Digital Assets Market of the Clarity Project.

In addition, the Subcommittee of Media and Arbitration of the Chamber will address the fiscal policy on cryptocurrencies on Wednesday, consolidating a joint effort to regulate the sector and position the US as leader in digital assets, as reported in the United States.