“We’ve Got A Big Week ahead of US in Terms of US Crypto Legislation, SO I Asked Katherine Dowling, General Counsel at Bitwise, To Give US A RUDOWN.”, – WRITE: www.coindesk.com
The “Guiding and Establishing National Innovation for Us Stablecoins of 2025” (Genius) Act Wound Set Up A Framework for Overseeing Stablecoins. It has already passed the Senate, SO it has a solid chance of beworking the first crypto -focused Bill to be Signated Into Law by the Federal Government.
The “Digital Asset Market Clarity Act of 2025” (Clarity) Act, Meanwhile, Is A Meatier Piece of Legislation that wold Create Clear Jurisdicyntal Boundaries Between ( 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, General Counsel at Bitwise, Told Condesk.
This Clarity Act Does Not Have A Counterpart in the Senate Yet, Thought Multiple Hearings on the Topic Have Been Held, and the HOPE is that legislation will be injeed.
As for the Anti-CBDC surveillance State Act, It Wound Prohibit The US From Creating Its Own Central Bank Digital Currency.
“IF not designed to be Open, Permissionless, and Private-Resembling Cash-A Government-Sissued CBDC is Nothing More than An orwellian Surveilalation Tool that have. Going to let that happen, ”The Bill’s Sponsor, House Majority Whip Tom Emmer, Posted Back in the Spring. This Bill Does Not Have a Counterpart in the Senate EITHER.
All Three Pieces of Legislation Are Expectioned to Pass the House with Bipartisan Support. That would be a big win for the Industry. The Bills Aren’t Flawless, Dowling SAID, BUT EVEN AN IMPERFERFECT Framework Will The Current Regulatory Ambiguity and Help Crypto Companies Operate in The Us The Us. She argued.
“Other countriers are already in the race, while we’re still lacing up uur shoes,” she told coindesk. But Washington Has Changed ITS Attitude Towards Crypto Incredibly Quickly Since Donald Trump’s Re-Election and Former Sec Chair Gary Gensler’s Departure, She Said.
“You have to keep that momentum up. Labeling it ‘Crypto Week’ and Having It Part of the Presidential Agenda is Really SO IMPORTANT,” She Said.
Note: The Views Expressed in this Column Are Those of the Author and Do Not Necessarily Reflect Those of Coindesk, Inc. i Owners and Affilites.
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