The leaders of the American Republican Chamber are committed to considering three key cryptography invoices from mid-July as part of a regulatory “crypto week”.
The president of the Finance Committee of the Chamber French Hill, the president of the Chamber’s Agriculture Committee, Glenn Thompson, and President Mike Johnson, said Thursday that they would use the week of July 14 to 18 to examine a bill on the cryptographic structure, a stablecoin invoice and an invoice on the digital currency of the Central Bank (CBDC).
“The Republicans of the Chamber take decisive measures to offer the entire scope of the agenda of digital assets and cryptocurrencies of President Trump,” said Johnson
“During the” crypto week “, the Chamber is impatiently awaiting the consideration of three historical laws: the law on clarity, the law on the state of anti-CBDC surveillance and the law on the genius of the Senate,” he added.
The party’s push comes as President Donald Trump said last month that he wanted the Genius Act of stable regulation to be adopted as soon as possible, before the Congress went to a break of one month in August.
Bills would begin to hold on the promises focused on Trump’s crypto during its campaign, which the cryptographic industry has strongly supported and funded.
Genius considered stable
The Chamber goes ahead with the Act on the Engineering led by the Senate on its own similar bill known as Stable Act, which the Chamber’s Finance Committee adopted in May but has not yet seen a full vote.
The Senate adopted the law on engineering with bipartite support last month, which means that if the chamber adopts the bill as is, it will be sent to Trump to connect.
However, legal analysts of the Pillesbury law said on Wednesday that the Chamber could modify “the main provisions, including those linked to the eligibility for issuers, surveillance dynamics and state -compliance requirements.”
If this happens, it will be sent back to the Senate for a vote to approve the changes.
Troutman Pepper Locke’s lawyers said last Tuesday that the Chamber and the Senate could form a committee to reconcile the differences between genius and stable acts, which would then need the approval of the two chambers before sending Trump.
A notable difference between bills is around surveillance, because the stable act stipulates strict federal surveillance of stablecoin issuers while the law on engineering allows the supervision of the State.
Clarity could be the next on Trump’s desktop
A bill on the cryptographic market structure, called the Clarity Act, could be the next on the office of Trump after the Chamber’s Financial Services Committee and the Agriculture Committee advanced it on June 10 to put it before the full chamber.
The bill, which has yet to adopt the Senate, stipulates the jurisdiction that the Securities and Exchange Commission and the Commodity Futures Trading Commission have on Crypto.
Most types of crypto-ne exchanges should register with the CFTC and establish rules of disclosure, segregation of customer assets and holding files.
The Democrats have largely opposed both acts of genius and clarity, citing the growing cryptographic empire and his family build, which includes an exchange of crypto, stablecoin and several cryptographic tokens.
Gop Bill aims to ban CBDC
The last bill that the Chamber will consider is the law on the state of anti-CBDC surveillance, which has a bill identical to the Senate in order to accelerate the legislative process.
In relation: New York AG urges Congress to strengthen protections in cryptography invoices
The bill would prohibit the federal reserve from being able to test, develop, create or issue a digital currency in any form whatsoever and prevent the Central Bank from offering financial products directly to individuals.
The bill was presented in the last congress by the whip of the majority of the Tom Emmer chamber, but it expired at the end of the mandate of this congress after adopting the Chamber in May 2024.
EMMER has revived the bill in the current congress, and the finance committee of the Chamber adopted its version of the bill in April, while the senatorial version is still sitting on the banking committee of the Chamber.
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