The United States prepares to take a crucial turn in the regulation of digital assets. According to David SacksWhite House Advisor for cryptocurrencies and artificial intelligence, Julio will be a “great month” for the crypto industrythanks to the progress of two laws that could unlock the lack of clear rules and attract billions in investment.
What is played in Congress: Genius Act and Clarity Act
The American Senate accelerated the discussion of two key standards: the Genius Actfocused on the regulation of the stablecoins, and the Clarity Actdesigned to delimit the supervision frame of the exchanges and the cryptoactives in general.
According to Sacks, these projects could bring the legal clarity that the sector has demanded for yearsamid conflicts between federal agencies and a wave of cross demands.
The legislative plan, promoted by senators Tim Scott and Cynthia Lummisexpect the final draft to be ready Before the recess of Augustto discuss commissions at the beginning of September and submit to the vote before the end of the month.
Clarity Act: rules for exchanges and shared supervision
One of the most delicate points is the distribution of responsibilities between the Sec (Bag and Securities Commission) and the CFTC (Future Trade Commission). Today both dispute the supervision of tokens, exchanges and derived contracts, generating a regulatory tangle.
He Clarity Act seeks to establish Clear borders of actionin addition to setting standards for exchange platforms, correlators and decentralized projects. A defined regulatory framework could reduce the legal insecurity that until now moved away many American land firms.
Genius Act: Focus on Stablecoins and Banks Pressure
For its part, the Genius Actapproved in the Senate on June 17, focuses on the solvency, transparency and bank support of the stablecoins. However, Sacks questioned one of the most controversial points: The prohibition of paying interests to Stablecoins usersa clause that, according to him, reflects the pressure of the traditional bank to stop crypto competition.
Risks and challenges: greater clarity or bureaucracy?
Despite the enthusiasm, several analysts warn that the new regulations could generate over -regulation. The group Dogeaifor example, warned that demanding companies registering in two agencies at the same time (SEC and CFTC) could Duplicate the bureaucracyfar from simplifying the stage.
The key will be that Congress achieves a balance between Inverter protection, promotion of innovation and openness to global competition. If the US feels a precedent with a clear and efficient system, other economies could replicate the model. But if the rules are confusing or excessively restrictive, there is a risk that companies and capital migrate to more friendly jurisdictions.
A clock on the future of the crypto
For Bo hnesDirector of the Presidential Council for Digital Assets, there is no place for delays: “The legislation will be ready by the end of September. Point”he stressed. The phrase confirms the commitment of the Biden-Trump administration (according to the stage) to close one of the most uncertain chapters of the digital economy.
With the price of bitcoin and other cryptocurrencies moving to the rhythm of each rumorJulio could become a high volatility month and opportunities for traders and investors around the world. The outcome will define whether the US is consolidated as a crypto innovation pole or if it leaves leadership in the hands of Asia and Europe.
Source: Ambito
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