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House representatives adopts regulatory law new:
On Thursday. However, the House of Representatives adopted the first American law regulatory law of cryptocurrencies, a major step in the development of this market in the United States and beyond, while two other texts relating to this sector have also been validated.
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The Clarity Act, which must now be examined by the Senate, has the United States with a clearer regulatory framework, in accordance with the wishes of the government of Donald Trump, very favorable to this industry.
This law is part of a set of three texts examined Thursday by the lower chamber of the American Congress. Meanwhile, a break after the house representatives adopts regulatory law new failure of numerous proposals in the Chamber or in the Senate in recent years.
Several elected democrats have issued reservations on this bill. Moreover, deemed insufficiently protective for investors in an environment where fraud, fraud and money laundering are not uncommon.
Immediately after the adoption of the Clarity Act. a new vote began, this one on the Genius Act, which establishes a legislative device for stablecoinscryptocurrencies backed by a classic motto.
Here again, the text was largely adopted, dozens of members of the Democratic Party pronounced favorably alongside the Republican majority. He will then be submitted to US President Donald Trump for ratification.
THE stablecoins are considered a major tool for the popularization of cryptocurrencies. much more than bitcoin, which does not have any utility other than speculative.
They are supposed to embody the best of both worlds. namely the stability of a traditional currency such as the dollar and house representatives adopts regulatory law new the ease of transaction offered by cryptocurrencies, including from one country to another.
The Genius Act. adopted in the Senate in mid-June, obliges the issuers of stablecoins To keep reserves at least equivalent to total value in circulation, in the form of quickly mobilizable assets such as banking deposits or treasury vouchers.
Several banks are already working at their stablecoinas well as actors of online commerce like Amazon. Walmart, while Meta, Uber or Airbnb plan to adopt them.
Many elected officials from Congress. just like Donald Trump, see it as a vector for strengthening the dollar, thanks to the world’s broadcasting of stablecoins backed by the greenback.
A little later Thursday. the Chamber passed a third text, transcribing into the law a decree taken at the end of January by Donald Trump prohibiting the government from creating his own cryptocurrency.
Several observers have interpreted this directive as one more gesture house representatives adopts regulatory law new to promote private initiative in the universe of cryptocurrencies. the World Liberty Financial start -up company, associated with Donald Trump, having recently launched its own stablecoinL’Usd1.
House representatives adopts regulatory law new
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