Crypto revolution in the USA: Clarity through new laws!

Crypto revolution in the USA: Clarity through new laws!

The US House of Representatives recently voted for clearer cryptocurrency regulations, marking a crucial step in crypto policy. This new set of rules is supplemented by the Clarity Act, supported by US President Donald Trump, which is intended to create a uniform legal framework for digital means of payment. In addition, rules for stablecoins pegged to currencies such as the dollar have also been approved. Trump's spokeswoman, Karoline Leavitt, emphasized that the use of cryptocurrencies should be made easy.

In the context of the new laws, Trump plans to sign the Genius Act on stablecoins immediately after the Clarity Act is first discussed in the Senate. Trump's Republicans have a slim majority there. The current session week is referred to as “crypto week” by Congress. Cryptocurrencies are digital means of payment that operate independently of state central banks and are considered highly risky forms of investment with extremely fluctuating prices.

Important legislative initiatives

With ongoing bills including the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) and the CLARITY Act (Digital Asset Market Clarity Act), the US is facing a major overhaul of its crypto policy. The GENIUS Act aims to establish a regulatory framework for stablecoins and requires issuers to hold 1:1 fiat reserves. It also allows non-bank institutions to issue regulated stablecoins.

The CLARITY Act, on the other hand, aims to divide oversight between the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission). It excludes stablecoins from SEC authority and ensures that crypto regulation is shaped by Congress, not court rulings. In a further step, Congress is planning the Anti-CBDC Surveillance State Act, which is intended to prevent the Federal Reserve from issuing a central bank digital currency (CBDC).

Expected impacts and innovations

The passage of these laws is expected to lead to a boom in stablecoins, which could be recognized as the preferred “digital currency.” Banks like JPMorgan and Citigroup would be able to issue deposit-backed tokens. In addition, retailers such as Amazon or Walmart could experiment with brand-specific stablecoins. Fintech companies could offer stablecoin-native wallets and rewards.

Implementation of the CLARITY Act will also accelerate the entry of institutional players by eliminating legal ambiguity. More public companies may be able to hold crypto on their balance sheets. At the same time, payment processors would offer native crypto checkout options.

The Anti-CBDC Act will ultimately signal that the US will forego a government-issued digital currency and that the private sector should drive innovation in digital money. In summary, the passage of these laws will provide the US with a clear legal basis for cryptocurrencies, which can lead to increased adoption, legitimacy and innovation.

You can find more information in the reports from star and CoinGate.