American MPs may actually find a crypto bill at the President’s desk. The House has been designed to vote on the market structure and Stabecrim law next week, giving the US an important step to draft new rules for the industry.
You are reading the kingdom of Cryndesk newspaper Crypto, a coindesk newspaper looking at the intersection of Crypto and the government. Click here to sign up for future versions.
Explanation
The US House of Representatives is set to vote on a market structure bill, a stabechoin bill and the US Central Bank Digital Currency Bill next week. Perhaps it is prior to the time to suggest that the industry will win a big win – but all indications indicate that US President Donald Trump will sign a Stabecrim bill in the law before the August holiday, as his team has sought from February.
why it matters
The Crypto industry has long demanded “regulatory clarity” on its terms – previous rules disagreeed that it was opposed and the political action committees of the industry put millions of dollars in 2024 elections and tried to form a Congress, which would be friends for Crypto policies.
Next week, the efforts may be paid, as the Representative Assembly is ready to vote on a Stabechoin bill that can become law within weeks and become a market structure bill that can reach the White House before Christmas.
Breaking it
The House of Representatives was called next week – 14 July to 18 July – “Crypto Week”. The main event will be the house vote, and the “Digital Asset Market Clarity Act 2025” will be expected to be passed. (Clarity)The Anti-CBDC Monitoring Act and “Establishment and Establishment of National Innovation for US Stabechines of 2025” (genius),
The House Rules Committee is going to meet ET at 4:00 pm on Monday Discuss each of NoteThis means that there may be a floor vote, where the entire House voted till Tuesday. Although some discussion of clarity and packaging of talent was in a large bill, it seems that instead there will be different votes for each bill. If the Genius Act receives its vote, US President Donald Trump can sign the law at the earliest next Friday or next Monday, although no confirmation has been made at this point. (And clearly depends on the actual house vote),
Especially, House Financial Services Committee Confirmed on Thursday The House will vote on the Genius bill sent by the Senate, not its own stabelcoin transparency and accountability to a better laser economy “. (Staff Act)As the previously reported by Jessie Hamilton of Coindesk.
It is likely that all three bills will be passed, and with bipartisan heads.
To recur: The Clarity Act will create an outline for how various cryptocurrency is treated by federal regulators including the Securities and Exchange Commission and Commodity Futures Trading Commission.
There is no Senate equivalent for this bill yet, although the Senate Banking Committee has already held several hearing on market structure issues, and the Senate Agricultural Committee has set a hearing for this upcoming Tuesday on the same subject. Banking Committee Chairman Tim Scott earlier said that he hopes that the Senate expects his work to be wrapped on the market structure by 30 September.
Last year’s financial innovation for the 21st century Act and the House’s final attempt to pass the market structure law for technology, wide bipartisan support with 279 MPs (208 Republican and 71 Democrats) Voting in favor of bill.
While there is no public whip count for this year’s version yet, the Clarity Act was passed on a large scale from the House Agricultural Committee (47-6) And House Financial Services Committee with some bipartisan support (32–17)Either the number suggests that both Democrats and Republican will vote for the bill on the house floor.
The Genius Act will set up a outline for the supervision of Stabecrim. The Senate has already passed the Genius Act, which means that once the House passes it, it goes to Trump’s desk for his signature in the law. It can mark the Stabelcoin bill in the form of the first major crypto-centric bill to become a law.
The Genius Act may then be one of the few bills that do not “need” to undergo a legislative process, which means that it is not a budget bill and it is not the Annual National Defense Authority Act. While the House is voting on the Senate version and not its own stable Act, Updated house text The Clarity Act will add some additional rules around stablecoins.
The Anti-CBDC Monitoring Act, as the name suggests, banned the US from developing or launching the central bank digital currency. The House also passed a version of this bill in 2024.
In theory, the passage of these bills is positive for the industry. Although it may take time for regulators to write and implement rules after these bills are enacted, Crypto companies will have firm guidelines to operate within the next few years. It is less clear what these bills can actually do to use or adopt.
A recent publication of Moody’s rating suggested that “there would be important implications for banks” during the passage of the Genius Act, but that the Stabecoin writ large “needs to provide a compelling benefit on the existing consumer and commercial payment systems” to become a more widely accepted transaction tool.
The report stated, “While solid bilateral political support appears to us, assuming that the issuers have been banned from paying any kind of financial incentive, we see the possibility of a significant change in domestic payment as relatively modest.”
Democrats are concerned about the ability to pass these bills, which to enable or carry out corruption, with a member of the Financial Services Committee with Maxin Waters and Rape. Stephen Lynch points to Trump’s Crypto Ventures and pointing to his ability to enrich the President.
“These bills serve as a seal of approval for the misuse of power, which we are looking at in real time,” Waters said in a statement.
The House Wes and Means Committee is also hearing the crypto taxation next Wednesday, although it has not shared many details yet.
To resume the schedule for the next week, or if you want to see it only at a glance:
- On Monday, July 14, 4:00 pm ET: House Rules Committee will discuss and discuss the Clarity Act, Genius Act and Anti-CBDC Monitoring Act.
- Tuesday, July 15, 3:00 pm ET: Senate Agricultural Committee will hear the market structure law.
- Tuesday, July 15, Time TBA: House can be found and can start voting on all three bills discussed above.
- On Wednesday, July 16, 9:00 am ET: House Well and Means Committee Crypto will hear taxation.
- Thursday, July 17: Nothing is determined (At least now),
- Friday, July 18: If the house votes to carry forward talent on Tuesday, the bill may be signed.
- The US house dug up its Stabelcoin Bill to return Trump’s choice from the Senate: The House of Representative will vote on the Genius Act next week, Jesse Hamilton said instead of his own stable Act.
- The deal to share USDC revenue in Circle is with the second largest crypto exchange bibit: Source: Circle had previously revealed the revenue sharing agreements with coinbase and benns, but also with Bibit, the report of Ian Elison of Coindsk.
- Europe’s financial sentinel examined Malta on fast-track Micah authorities: The European Securities and Markets Authority has reviewed how Malta implemented the markets in an anonymous crypto asset service provider in the Crypto Assets multinational structure, after reporting the coindesk’s Ian Elisen and Chamomile Shumba on Malta’s approach.
- OFAC tornado may not be tested for the sanctions dropped against cash, the judge says: A federal judge ruled that the US Treasury Department restrictions against tornado cash could not come under the criminal trial of Tornado Cash Developer Roman Storm, which is going to start on Monday and may last for four weeks.
- After the US appeal, 5% torn and another tornado appeals to the court at the end of the cash case: But somewhere else, the eleventh circuit court of the appeal dismissed a case against tornado cash as a moot, the end of the restrictions and a separate federal judge prevented the Treasury Department from restoring sanctions against the smart contract of tornado cash.
- SEC set time limit for solana etf refillings, clearing path for pre-October approval: The US Securities and Exchange Commission asked the applicants for the Solana Exchange-Trade Fund to amend its filing by the end of July to resolve outstanding issues.
- Bitcoin broke a fresh record of $ 116,000: Bitcoin hit a new all-time high this week. Coindesk hosted a live blog to track immediate analysis on the news.
- Jack Dorsi Unveiling Bitch: Offline, Bitcoin inspired by encrypted messaging: Jack Dorsi announced that he is working on a new peer-to-pier with messaging tool that communicates using Bluetooth and claims to enable encrypted communication. A security researcher Shared some concerns How it can work in practice.
- Former Bitfury Exec Gold confirmed capturing US banking agency OCC: The US Senate confirmed Jonathan Gold as the new controller of the currency. Gold was earlier in the office of the controller of the currency, and later the Chief Legal Officer at the Blockchain firm Bitfuri.
Tuesday
- 14:30 UTC (10:30 pm ET) A federal judge held a final-in-person Pratiel Conference for the Roman storm.
Wednesday
- 14:00 UTC (10:00 AM ET) The Senate Banking Committee heard the issues of market structure.
- ,Nation, Last month, the Dubai-based Aqua 1 Foundation said it would invest $ 100 million in Trump-Buddhist World Liberty Financial. Aqua 1, however, does not really exist, Jacob Silverman’s report in the nation.
- ,Wire, McDonald’s uses AI bot to filter applicants, but this bot may have exposed the individual information of the applicants for any hacker “absurd basic safety defects,” Wired’s Andy Greenberg’s report.
- ,the new York Times, The Times has for a long time read how US President Donald Trump had gone to suspect a crypto for the President-Crypto President of a crypto.
- ,The Wall Street Journal, Groke, the AI firm associated with the XAI-X created by the Grake, the big language model Artificial Intelligence, the company, which was earlier known as Twitter-posted some very very antisemitic statements, called himself Matchhitler and said that the real Adolf Hitler would be the best 20th century to address “Anti-White Hate”. X owner Elon Musk said he was making some changes in the bot.
- ,404 media, Polymarkat became strange, when Betters could not compromise on whether Ukraine’s President Volodomeir Zelancesi wore a suit. He recently wore a few forms of formal clothing in an appearance, which was initially solved by the polymarket pool as “yes”. The Uma token holders disputed the resolution, and later it was replaced to solve the bet as “no”. Derek Gai, an expert on formal clothing and historical clothing styles, told 404 media that in his view, Zelansky’s clothes qualified as a suit.
If you have got ideas or questions, then what should I discuss next week or want to share any other response, feel free to email me at nik@coindesk.com or search me on Blaski @nikhileshde.bsky.social,
You can also join the group conversation Wire,
See next week!
