It’s new. From July 14 to 18, the US Congress devotes an entire week to Crypto law. A historic first that could rebound the cards in the sector.
Under the leadership of the Republicans, the House of Representatives is preparing a burst vote on several major texts. Objective: to offer the sector federal legislation, after years of legal vacuum. On the program, three major texts:
- GENIUS Act : The first federal framework on stablecoins (USDC, USDT), with 100% cash collacal obligation and monthly publication of reserves.
- CLARITY Act : The law which finally decides on the supervision of tokens – dry (stock market gendarme) or CFTC (regulator of raw materials) – according to their degree of decentralization and their use.
- Anti-CBDC Act : the project which aims to prohibit the Fed from issuing a digital central bank currency (CBDC), clearly displaying the American opposition to state digital currencies.
Zoom on these three texts.
GENIUS Act : Le stablecoin between (finally) in the big leagues
It is the cornerstone of the American “crypto weekend”: the Genius Act. Behind this acronym hides the first federal framework never proposed for stablecoins – These cryptos backed by the dollar, such as the USDT or the USDC, used every day by millions of investors. The Genius Act would authorize private companies to issue their own stablecoins… But under close surveillance.
- Backless 1: 1 with safe liquid assets (dollars or treasury bills).
- Total transparency on reserves, published each month.
- End of stablecoins “Algorithmics” or partially covered.
Objective: secure the ecosystem and avoid any drift on the terra-luna-a stablecoin Algorithmic that has caused crypto-investors to lose several billion dollars.
Each digital dollar must be guaranteed by a real dollar or equivalent – a revolution for the legitimacy of stablecoins Faced with regulators and an obligatory passage to credibility these digital currencies in the eyes of banks, traders and consumers. Notable fact, some companies (such as Amazon and Walmart) already anticipate the integration of stablecoins In their financial flows to reduce transaction costs and speed up payments. Total capitalization of the market stablecoins now exceeds $ 230 billion.
Capitalization of Stablecoins
Coinglass
Adopted in the Senate by 68 votes to 30, the Genius Act benefits from a rare consensus. Its validation by the room this week is almost no longer in doubt before being signed by Donald Trump, who promised to make it a pillar of his crypto strategy.
Clarity Act: The big cleaning of the crypto game rules
After years of trench warfare between the dry and the CFTC, the CLARITY Act Finally intends to put an end to regulatory anarchy which slows down the American crypto ecosystem. With this text, the crucial question – “My token Is it a valuable value or a merchandise? ” – Could find a clear answer.
The bill introduces objective criteria to determine who regulates what:
- Decentralized cryptos, without control entity (example: Bitcoin), would be CFTC.
- The tokens used to raise funds or sharing profits would surely remain under the dry, unless they decentralize over time.
- A formal legal framework would replace the famous “repression regulation” of recent years.
With rules known from the start, the platforms will precisely know what tokens They can list, and projects will be able to operate on. The text was adopted with 47 votes against 6 in committee and supported by giants like Coinbase and Circle.
Anti-CBDC Act: The American shield against state digital currency
Unlike other Crypto Week projects which aim to supervise or promote innovation, it plays the card of No. The CBDC anti-surveillance State Act, nicknamed Anti-CBDC Act, wants to prohibit the federal reserve from launching a central bank (CBDC) for the general public.
Why ban the digital dollar in Fed sauce? The supporters of the text, led by the Republican Tom Emmer, fear that a CBDC becomes an instrument of financial monitoring, like the Chinese digital yuan. With a digital dollar managed by the Fed, the state could potentially follow – or even control – each transaction of citizens.
EMMER sums up its fight: “Any monetary innovation must respect our values of privacy, individual sovereignty and free market.”
The key arguments of the text:
- Block any desire for state surveillance of financial flows.
- Refuse the idea of “programmable money” which could be controlled remotely.
- Maintain a space for private innovation via stablecoins and cryptos.
The text strengthens the posture of the United States in favor of a liberal digital financial model, opposed to the centralized CBDC promoted by China or Europe.
Already voted for the first time in 2024 in the House, the law had been blocked in the Senate in the majority of Democrat. With a congress and a White House now more crypto-compatible, the Republicans put pressure on.
But the political battle remains lively. Many Democrats denounce texts that are too favorable to Big Techs and fear that foreign or unregulated transmitters will bypass anti-flowage controls. They should try to amend the project during the final debate in the House.
Crypto and politics: Trump’s big game
In the shadow of these votes, Donald Trump’s influence plane. The republican president, re-elected in 2024, multiplied the Pro-Crypto signals-until receiving massive financial support from the sector ($ 119 million spent in the mid-term elections). His involvement does not stop there: he is himself a shareholder of World Liberty Financial and behind the $ Trump token launched in January.
The White House ensures that its assets are managed under trust by its children, without a conflict of interest.
This “crypto weekend” falls out. Bitcoin flirts with its historic records, boosted by speculation linked to legislative announcements and the return of investors on risky assets. With the Genius Act, the Clarity Act and the Anti-CBDC Act online in sight, the “crypto week” could redefine the future of digital assets in the United States. The markets have already responded with a palpable euphoria … but the real challenge will start after the vote. The Senate must still validate these laws, and their implementation could take time.
