THE US House Ways and Means Committee The audience of the surveillance subcommittee, entitled “Making America the Crypto Capital of the World: Ensuring the digital asset policy built for the 21st century”, was scheduled for July 16, 2025, at 9:00 am in the 1100 Longworth House Office Building. The audience aimed to explore the creation of a modern digital asset tax policy to position the United States as a world leader in cryptocurrency.
He was part of a broader “crypto week” (July 14-18, 2025), during which the congress focused on digital asset policies, including discussions on the Act of clarity, the act of geniusand the anti-CBDC law on the state of surveillance. The audience focused on creating a clear tax policy framework for digital assets, the fight against industry concerning regulatory uncertainty and exploration of friendly policies to promote blockchain innovation.
The audience focused on creating a modern tax policy framework for digital assets, addressing a long -standing point of industry: unclear tax regulations. A clear framework could reduce compliance costs, encourage innovation and attract institutional investments by providing certainty to business and cryptographic investors.
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Legislation like the Claritywhich aims to delimit the regulatory authority between the Dry and CFTC, and act genius, which provides a framework for the issue of Stablecoin, could rationalize surveillance and reduce regulatory overlap, potentially increasing market liquidity and investor confidence. Lighter rules could position the United States as a global crypto center, drawing capital entries and promoting blockchain innovation, as indicated by industry defenders as Jag Kooner of Bitfinex.
A pro-Crypto tax policy could encourage a broader participation of ecosystems, in particular by institutional investors, potentially stabilizing and growing markets for large cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The law on engineering, if adopted, could allow banks, fintechs and retailers to issue stablecoins, widen access to consumers and integrate digital assets into traditional finance.
This could improve the global domination of the US dollar thanks to the adoption of the stablecoin. However, without robust consumer protection, there is a risk of market instability, as shown by past cryptography. Witnesses like Timothy Massad underlined the need for a regulatory framework to ensure stability of stables and prevent systemic risks. The hearing reflects a thrust to prevent the United States from delaying jurisdictions like Singapore and water, which have clearer cryptographic regulations.
The members of the senatorial banking committee, such as senator Tim Scott, argue that regulatory clarity is essential to preserve jobs and innovation at the national level. A strategic bitcoin reserve or a national digital stock stock, as offering the upcoming report of the Trump administration, could also position the United States as a leader in cryptography, although such ideas remain speculative. Criticisms, including CaroleHighlight risks such as cybersecurity vulnerabilities and illicit finance, citing events such as the North Korean crypto in February 2025.
Measures to combat the money laundering of robust money (AML) and customer (KYC) are essential to respond to these concerns. A balanced framework could alleviate these risks while promoting innovation, but too lax regulations could exacerbate vulnerabilities in the cryptography sector. Republican leadership, including the chamber president Mike Johnson and representative. Jason SmithDefends an approach adapted to industry, supervising the United States as a potential “cryptographic capital”. They support bills such as the Clarity Act and the Genius Act to reduce regulatory charges and encourage innovation.
Republicans argue that the Joe Biden The “application by application” approach of the administration has led innovation to offshore, and they argue “light railings” to protect investors while promoting growth. The law on clarity, advanced by the bipartite majorities of the chamber committees, reflects a republican success to put pressure for clearer limits of dry-CFTC, although it faces a Senate exam.
Democrats, led by figures like the representative. Maxine Waters, Express important concerns about the proposed legislation, citing in particular the personal companies of President Trump, estimated at 2.9 billion dollars. They argue that his financial interests, including the Trump token, create conflicts of interest and risk of regulatory capture. A dramatic uprooting of the Democrats during an audience of May 2025 underlines their frustration, some labeling “dangerous” bills and accusing the Republicans of prioritizing Trump’s interests on consumer protection.
Democrats argue for stronger protections for consumers, LMA / KYC measures and cybersecurity guarantees, warning that deregulation could exacerbate fraud, manipulation and systemic risks on the cryptography market. While the law on clarity and the law on engineering initially had bipartite support, democratic support has decreased due to concerns about Trump’s influence and inadequate protections. This has fractured an earlier consensus, as shown by the rejection of democratic amendments to strengthen consumer guarantees.
The separate hearings of the senatorial banking committee, featuring industry leaders like Ripple Brad GarlinghouseSuggest a more cautious approach, the Democrats growing in complete frameworks on the precipitated deregulation. However, criticisms and the representative Waters highlight the risks of corruption and inadequate surveillance, resonating with those who are wary of deregulation. This division reflects broader public and industrial debates on the balance between innovation and responsibility.
On July 16, 2025, audience and “cryptography week” could open the way to a transformative policy of American cryptography, potentially making the country a world leader by clarifying tax and regulatory executives. However, political division threatens progress. Republicans are pressure for deregulation to stimulate innovation, while Democrats demand stronger protections to mitigate risks, powered by concerns about Trump’s cryptographic companies.
