Major change: the United States adopts a historic cryptocurrency law

The House of Representatives adopted the first American law regulation of cryptocurrencies on Thursday, a major step for the development of this market in the United States and beyond, while two other texts relating to the sector have also been validated. 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.

Several elected democrats have issued reservations on the text, deemed insufficiently protective for investors in an environment where fraud, fraud and money laundering are not uncommon. “The Clarity Act will help initiate the golden age of digital assets,” commented on X elected representative Mike Flood. The prospect of this historic day had propelled Bitcoin on Monday to a new record, at 123,205.09 dollars.

The three laws mark the highlight of an unprecedented sequence, launched by Donald Trump since his inauguration. Long critical of this environment, the former real estate developer changed his rifle during his last campaign, to the point of promising mountains and wonders to the actors of cryptocurrencies. His government has ended all major legal proceedings against heavy goods vehicles and placed at the head of the financial market regulator a sympathizer of the movement. He also created a strategic reserve fueled by the 200,000 bitcoins seized by the American authorities in legal proceedings.

And Donald Trump could even go further by taking, in the coming days, a decree authorizing regulated pension funds, 401 (K), to integrate digital currencies into their investment assets, according to the Financial Times. At the end of March, these pension funds displayed some $ 8,700 billion in assets under management, according to the professional body here (Investment Company Institute).

Immediately after the adoption of the Clarity Act, a new vote began, this one on the Genius Act, which establishes a legislative device for “stablecoins”, cryptocurrencies backed by a classic currency. 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.

Stablecoins are considered to be a major tool for popularizing cryptocurrencies, much more than bitcoin, which does not have any speculative utility. They are supposed to embody the best of both worlds, namely the stability of a traditional currency such as the dollar and the ease of transaction offered by cryptocurrencies, including from one country to another.

Several observers have interpreted this directive as one more gesture to promote private initiative in the world of cryptocurrencies, the start-up World Liberty Financial, associated with Donald Trump, having recently launched its own stablecoin, USD1.

“These Crypto laws are not only insufficient to protect consumers,” reacted on X the Democrat representative Maxine Waters. “They give the green light to Trump scams and open the way to the next financial crisis.”

The president is thus accused of conflict of interest by several elected officials on the left and observatories of public life. In less than a year, Donald Trump has teamed up with several products and start-ups in the world of cryptocurrencies and has, by the way, more than doubled his personal fortune.