In the United States, “Cryptonedel” started

Against the backdrop of bitcoin growth, to the new historical maximum above $ 123 thousand. On Monday, July 14, in the US Congress, Cryptonedel began, in which the authorities plan to adopt a number of bills related to cryptocurrencies. Although some legislators are criticized by initiatives, the experts interviewed by Reuters expect the adoption of laws to positively affect the cryptorrhea, reports RBC Crypto.

“Historically, when lawmakers are promoting industry initiatives, institutional moods are improving. We expect that capital, previously retreated from the market due to regulatory uncertainty, will return again, ”said Jug Kuner, head of the derivatives department of the cryptocurrency exchange of Bitfinex.

Cryptonedel announced the republican part of the House of US representatives in early July. It is expected that from July 14 to July 18, the authorities will consider three cryptocurrency bills: Genius Act (regulation of stablecoins), Clarity Act (regulation of crypto), Anti-CBDC Surveillance State ACT (about the supervision of a digital dollar from Federal Reverse).

Clarity Act is a bill aimed at regulating the activities of crypto -streaks and circulation of digital assets. The key aspect of this act is a clear distinction between the “digital product” and “security”. The bill Genius Act refers to the regulation of stablecoins based on the US dollar. He obliges the issuers to fully provide tokens with reserves in dollars and short -term treasury bonds, publish data on reserves and pass an audit. Anti-CBDC Surveillance State ACT prohibits the federal tank (Fed) to release the so-called digital currencies of the Central Bank (CBDC) and limits its capabilities for the use of CBDC for monetary policy. The bill also includes the provisions on the prohibition of CBDC testing and restricting the use of CBDC for purposes related to observing citizens.

What law can be adopted

The most popular bill is Genius ACT, which has already been adopted by the Senate, including some democrats. This bill was enlisted by the support of not only cryptoexperts, but also the US Minister of Finance Scott Immort, who stated that the adoption of the law is designed to create a new sustainable demand for US state debt securities. This will help to restrain the growth of public debt and reduce its maintenance costs, as well as expand global access to digital dollar infrastructure. And after the adoption by the House of Representatives, Donald Trump promised to sign it.

One of the most “inconspicuous” bills is Anti-CBDC Surveillance State Act, which prohibits the United States to release digital currency of the Central Bank. Republicans believe that the release of such a currency violates the right of Americans to the inviolability of private life. The bill has not yet been considered in the Senate, and the Federal Reserve System (Fed) did not express the desire to develop the digital currency of the Central Bank.

Clarity Act has not yet been considered in the Senate. For crypto companies, which claim that most tokens should be classified as goods, not securities, this bill would simplify the proposal of tokens to their customers.

If a bill is approved, then it will become the first cryptocurrency law since Trump entered the post of president in January 2025.

Criticism of bills

Criticism of the bills sounds mainly from representatives of the Democratic Party, claiming that Genius Act and Clarity Act provide too little consumer protection and will be concessed by the personal cryptocurrency projects of US President Donald Trump due to softer regulation.

In response to the initiative of the “cryptondeli” from the Republicans, the democrats congressmen, Maksin Waters and Stephen Lynch, announced the holding of the US Congress “Weeks against Crypto Corruption” (Anti-Crypto Corruption Week).

Crypto projects associated with the Trump family, including World Liberty (issuer of the USD1 stablecoin) and Trump Memcoin, have increased the state of the US president by at least $ 620 million in recent months, according to Bloomberg estimates. The White House stated the absence of a conflict of interests and that Trump’s assets are in the trust, which is controlled by his children.

As the Congressman Maksin Waters wrote: “These bills are deprived of the necessary defense and actually make Congress an accomplice to the unprecedented scheme of the personal enrichment of Trump and his environment.” She called the Republican initiative “one of the most egregious gifts to billionaires in history” and “the seal of approval for abuse of power”.

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