The encryption industry got what you paid for

The encryption industry has started seeing a return on one of its most exciting investments: Donald Trump.

On Thursday, the House of Representatives approved three draft laws that industry supporters believe will bring more legitimacy and the ability to predict the area of digital currency – and that critics warn against enriching the President’s family and handing over a lot of power to the industry at the expense of stability in the financial system. With a loom on the summer vacation, there is a limited time to pass two bills that still require a vote in the Senate, but one is already heading to the Trump office. The encryption week, as the Republicans in the House of Representatives took to contact him, did not go smoothly as he hoped, with some militant Republicans Procedural To pay bills earlier a week. But after the president was a “short discussion” with them, Trump He wrote about social truth He was able to secure the necessary votes to push bills forward.

“We are incredibly approaching that we finally have clear rules for encryption to develop this industry in the United States of America,” Brian Armstrong, CEO of Coinbase. Books on x After genius and clarity. The summer Mersiner, CEO of the Crypto Industry Group Association Association, The name The genius palace corridor “the moment of water gatherings for digital assets in the United States”.

The genius verb was already He passed by the Senate Now he goes to the president’s office to be signed in the law. The draft law creates a regulatory framework for Stablecoins, or the digital currency associated with the value of the US dollar. Supporters of both parties see it as a positive step to create handrails for a prosperous industry, however Some Democrats who opposed the bill Fear of this will help convert the new investment into an area where the Trump family has a direct share through The world is financial freedom.

The other two laws, the clarity law and the CBDC Law, must still be approved. The latter will prevent the federal reserve from issuing a central bank’s digital currency (CBDC), which can compete with current digital currencies but skeptics can be used in government monitoring.

The clarity law will show the rules about it when digital assets can be dealt with as securities organized by the Securities and Exchange Committee (SEC) or a commodity organized by the CFTC. This discrimination was a painful point for the encryption industry during the previous administration, to the extent that former SEC President Gary Ginsner criticized like Bogman Ramzi for all encryption.
Trump He succeeded in obtaining encryption funds For his campaign about the promise that he will shoot Jinsler, and now the industry is witnessing high profits on this investment. They have moved from an era in which independent agencies of the era were made to make the president himself help obtain distinct legislation in the industry on the finish line.