The United States will finally have its first cryptocurrency legislation
By Hannah Pérez
Only the signature of President Trump is missing so that the project ‘genius’ officially becomes law. The House of Representatives approved in a historical movement a legislation of Stablecoins and two other cryptocurrency bills. A before and after for the industry.
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- Historical moment for cryptocurrencies: USA will have specific legislation.
- The House of Representatives approved Clarity Law, Genius Law and Anti-CBDC Law.
- A before and after for the digital asset industry in the United States.
- The regulation of Stablecoins, Genius, will be the first: only the Trump signature is missing.
- Political clarity feeds the price rebound, Bitcoin is around its maximums.
The United States is about to receive specific cryptocurrency legislation for the first time in its history.
The United States House of Representatives approved the “Genius” law with a 308-122 vote, marking a historical milestone by becoming the first important law on cryptocurrencies to receive a vote in favor in Congress.
This legislation, which introduces a regulatory framework for Stablecoins And that was previously approved by the Senate on June 17, he is now on his way to officially becoming law. Only the signature of President Donald Trump is missing for entry into forcea final step that could come as soon as this weekend.
The same day, the Chamber approved two additional projects during which the “Crypto Week” had been called, an effort led by Republicans to advance the regulation of digital assets.
The “Clarity” Law, a bill that would establish a complete set of rules on cryptocurrency markets in general, providing clarity to the sector, and an anti-CBDC law, which would prevent the Federal Reserve from issuing a digital version of the dollar, known as the Central Bank digital currency (CBDC). These proposals, however, must still be reviewed by the Senate.
The United States will have its first crypto law
This historical development marks a before and after for the cryptocurrency policy in the United States, representing an outstanding contrast with the uncertainty and regulatory hostility that in the past defined the reality of the local crypto industry.
Before these laws, the policy of the United States supervisory agencies was defined by a model of “application regulation“, Generating uncertainty for investors and cryptocurrency companies. Meanwhile, in Congress, US legislators had failed to finish their related political efforts.
The approvals of the Genius Law and the Clarity Law, which managed to ensure bipartisan support in both chambers, will now provide clear frames, reducing legal risks and potentially promoting innovation.
Trump had pushed legislators to advance in the legislation for the industry as he identified the regulation of cryptocurrencies as one of his political priorities of 2025. The president had established a deadline of August to end the legislation of Stablecoins, as well as the rules for the cryptocurrency market.
On Tuesday, after the vote of the three key laws failed to advance due to a Impasse Among the Republicans, Trump hastened to invite them to overcome the impasse to vote again. Even so, it took more than 10 hours to legislators to agree.
Genius law will be the first
The effort to create a regulatory framework for Stablecoins It marks the first step towards comprehensive cryptocurrency legislation in the United States. Genius’s firm will potentially put a foot in the accelerator towards the approval of the other two laws.
The “Genius” Law (Guiding and Establishing National Innovation for Us Stablecoins) establishes a comprehensive regulatory framework for Stablecoinsa class of digital tokens based on Blockchain Linked to stable assets of the real world, often fiduciary currencies such as the US dollar.
Among its provisions, this legislation requires that STABLECINS are 100% supported by liquid reserves, such as bank deposits or treasure bonds, guaranteeing their redemption to the nominal value. It also requires regular audits and federal supervision, establishing capital requirements, measures against money laundering and strict transparency standards.
Clarity Law and Anti-CBDC Law
Possibly the most important is the Law “Clarity” (Digital Asset Market Clarity Act), because it is responsible for establishing a comprehensive regulatory framework for cryptocurrencies, derivatives and decentralized finance platforms (DEFI).
Approved with a vote of 294-134, it defines which assets are basic values or products, clarifying roles between the Bag and Securities (SEC) commission and the Basic Products Commerce Commission (CFTC) eliminating the regulatory overlap that generated uncertainty. Now go to the Senate for your debate.
Finally, the anti-cbdc law, Integrated in the National Defense Authorization Law (NDAA), it prohibits the Federal Reserve from issuing a CBDC arguing concerns about privacy and state control. It was approved with a record procedural vote of 217-212.
A new era for cryptocurrencies
The advance in the laws marks a turning point for the digital asset industry in the US. And predicts a new era of legitimacy for a sector that for a long time remained in the gray area of legality. It is also in line with Trump’s broader ambition to make the United States “Global capital”Cryptocurrencies.
The cryptocurrency market reacted to the historical event with a generalized price increase on Thursday. Bitcoinwhich conquered a new historical maximum of USD $ 123,000 on Monday, it is negotiated at the time of editing around USD $ 119,000.
Article written with the help of AI, by Hannah Estefanía Pérez / Diariobitcoin
Image generated with AI tool, under free use license
WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.
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