Three different crypto bills could potentially pass through the House of Representatives in the next few days: Genius Act, Clarity Act and Anti-CBDC Act.
“Guidance and Establishment of National Innovation for us StableCecoins from 2025” (Genius) ACT would create a framework to oversee stableecoins. It has already adopted the Senate, so it has a solid chance of becoming the first cryptophocused bill to be signed in the law of the federal government.
“Digital Asset Market Clarity Act from 2025” (Clarity) ACT, meanwhile, is a meating piece of legislation that would create clear jurisdiction boundaries between Securities and Exchange Commission (SEK) and Commodity Futures Trading Commission (CFTC) in the regulation of digital assets.
The Crypto industry has been waiting for such a bill for a long time, Katherine Dowling, Attorney General at Bitwise, told Coindesk.
This Law of Clarity does not yet have a counterpart in the Senate, although several hearings have been held on the subject, and the hope is that the legislation will be ink in the law before the end of the year.
As for the law of monitoring anti-CBDC surveillance, it would prohibit the United States from creating its own central bank’s digital currency.
“If it is not designed to be open, permission-free and private-— there looks like cash-is a government-issued CBDC nothing more than an Orwellian surveillance tool that would be used to erode the American lifestyle. We will not let it happen,” the bill’s sponsor, house majority spic empty empty emerged in the spring. This bill also does not have a counterpart in the Senate.
All three pieces of legislative are expected to pass the house with bipartisan support. It would be a big victory for the industry. The bills are not flawless, Dowling said, but even an imperfect framework will expel the current regulatory ambiguity and help cryptic companies operate in the United States, the rough spots are likely to be leveled over time, she argued.
“Other countries are already in the race while we are still lingering our shoes,” she told Coindesk. But Washington has changed his attitude towards Krypto incredibly quickly since Donald Trump’s re-election and former SEC chairman Gary Genslers departure, she said.
“You have to keep that momentum up. Marking the ‘Crypto Week’ and having it part of the president’s agenda is really so important,” she said.
