US Senate approves the Genius Act, a key project to regulate the stablecoins

He Senate of the USA. Now, the proposal will go to the House of Representativeswhere the Clarity Act.

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• Bill Genius Act exceeded a key vote in the Senate, With 68 votes in favor.
  
• The House of Representatives It also promotes a law to regulate the crypto market, the Clarity Act.
  
• Now it will be the Chamber that makes the final decision, since another related bill is also discussed.

In a historic step for the crypto ecosystem, the United States Senate approved today a crucial vote for the bill Genius Act, which establishes regulatory standards for stablecoins issuing.

According to recently published reports, in the corresponding vote, The project was supported by 68 senators, while the other 30 demonstrated against. With this favorable balance, the Senate He raided the way for the eventual approval of the first significant federal legislation on cryptocurrencies in the country.

This measure represents a notable change in the attitude of the legislative instances towards cryptocurrencies, marking a moment of bipartisan consensus in a chamber that historically had shown resistance to the regulatory advance of the sector.

At the same time, the House of Representatives advanced with key complementary legislation, the Digital Asset Market Clarity Act (Clarity Act)destined to establish a comprehensive regulatory framework for crypto markets in the US.

THE CONTENT OF THE PROJECT Genius Act

He “Guiding and establishing National Innovation for Us Stablcoins of 2025” (Genius Act) It seeks to regulate the issuance of Stablecoins within the country, allowing these to be supervised by state or federal regulators. The law also contemplates the possibility that non -financial companies can issue their own digital tokens, a point that has generated criticism from the progressive wing of the Senate.

This type of digital assets, such as USDC USDC or USDT of Tether, They are essential for the daily functioning of crypto markets. They are widely used in decentralized contracts, exchanges and operations, since they replicate the value of the US dollar in digital environments.

Republican senator Bill Hagerty, project promoter Genius Act, defended his approval on the argument that The regulation would strengthen the fiscal position of the USA and consolidate the dollar as the world reserve currency. “If we do not act now, these benefits could disappear and we will lose global competitiveness.”he said.

However, Democratic Senator Elizabeth Warren harshly criticized the project, ensuring that “It lacks basic safeguards to prevent stablcoins from destabilizing the financial system”.

The senator warned that the proposal allows the emitters to invest in high -risk assets and participate in operations not related to Stablecoins, such as private credit or financial derivatives. He also accused his Democratic colleagues of giving in to the Republicans without demanding necessary reforms.

The legislative path ahead

After overcoming this stage in the Senate, The future of Genius Act It will depend on the decisions made by the House of Representatives. Legislators must determine if they integrate this initiative with the market structure project that is already discussed in the Camera, or if they opt for a direct vote of the text approved by the Senate.

Whatever the mechanism, it will be required that both cameras of the Congress They reach an agreement before the law can be signed by the President.

Meanwhile, on Tuesday, the Camera made significant advances with the Clarity Act, when obtaining large bipartisan majorities both in the Financial Services Committee as in the Agriculture Committee. This is remarkable, since it was thought that this initiative was stagnant in its legislative path given the links of President Trump with the crypto sector in recent times.

A turning point for the crypto industry

These developments reflect a deep transformation in American crypto policy. Until last year, the Senate Bank Committee, Then controlled by the Democrats, it was systematically opposed to any legislative advance in this area. However, under the current direction of Republican Tim Scott, the Camera Alta has adopted a more open and favorable position to financial innovation.

The lobbyists of the crypto industry in Washington have emphasized the need for both laws to provide legal clarity and regulatory security to the sector. According to them, a solid legal framework would not only protect consumers, but would allow the United States to maintain their leadership in technological and financial development at a global level.

Although important legislative steps are still missing, the bipartisan support that has received the Genius Act marks a milestone in the political recognition of cryptocurrencies within the US financial system.

Article written by a content editor. Edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash

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