An important week ago for the legislation of digital assets, sent with Crypto (SWC) and more than 60 other industrial companies a letter urging legislators to the House of Representatives to link clear regulations for the industry and cancel its capabilities.
The industry coalition is paid for the approval of the clarity law
On Monday, the Advocacy Group group with Crypto, along with 65 companies and other groups, sent a letter to the US House of Representatives, which urges legislators to support the Claarity Digital Assets market for 2025, where the United States approaches a “axis crossroads”.
Excerpt from the letter to members of the House of Representatives. Source: SWC
The Industry Coalition argued that digital assets are still reshaping the global economy, despite some efforts to “politicize encryption legislation”, adding that the American risks fail to knees unless the policies supporting sulfate that fully adopt Blockchain technology are adopted.
There are already signs of the encryption driving slide. We cannot let down and uncertainty expose our ability to secure the economic future of America. Above all, the American encryption industry needs the market structure – ensuring clear rules of the road and providing the organizational clarity that developers, users and preachers need to continue innovation.
The message explains that digital assets “provide a basis for a more comprehensive, transparent and safe digital economy” and “opening doors for economic opportunities, innovation and financial empowerment on a scale that we have not seen before.”
As such, encryption developers need a clear guidance and guarantee to continue building Blockchain systems, with transparency, safety and accountability standards, and where users can control their digital assets.
The lack of unified rules obstructing institutional adoption, innovation, and pushing talents and companies to more friendly judicial states outside the United States. However, passing the long -awaited market structure bill would address these issues, says the encryption alliance.
Legionships at home are preparing for “encryption week”
It is worth noting that the SWC message comes before the very expected “encryption week”, which will witness the review of three major legislation during the week from 14 to 18 July, including the law of genius and clarity.
Also, Bitkoni, Chairman of the Financial Services Committee in the House of Representatives, the Chairman of the French Agriculture Committee, the Chairman of the Agriculture Committee in the House of Representatives, Gilin Thompson, and the Speaker of the Council, Mike Johnson, announced the next debate on the rules related to the nails, the market structure, and the digital currency of the Central Bank as part of Congress efforts to make America the capital of encryption in the world.
Thompson president Assure “It will be the time to reach the House of Representatives to connect the American people and send clarity to the Senate. I thank the leadership of the House of Representatives for its awareness of the urgent need for clarity to support the American leadership in the area of digital assets.”
The draft law of the two parties was presented on May 29 by President Hill, with the aim of establishing an organizational framework for encryption origins and providing the long -awaited clarity and protection for the industry.
If approved, the legislation will appoint clear roles and responsibilities to the Securities and Stock Exchange Committee (SEC) and the CFTC Futures Trading Committee, which “will not only enable developers and enable them to innovate, but also protect consumers through selection, and promotes greater participation in the Blockchain economy, and promoting national security.”
Nearly a month ago, the draft law approved signs of his two committees, but he still has to pass a full vote on the House of Representatives and the Senate before heading to President Donald Trump’s office.
However, its way to approval was not unconfirmed, as the Democrats in the House of Representatives criticized the draft law, and some legislators were prompted to integrate it with the genius law, which made discussion next week a pivotal moment of legislation.
Bitcoin (BTC) trades at $108,442 in the one-week chart. Source: BTCUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
Editing process For Bitcoinist, it is focused on providing accurate, accurate and non -biased content. We support strict resource standards, and each page is subject to a diligent review by our team of senior technology experts and experienced editors. This process guarantees the integrity of our content, importance and value of our readers.
The post Crypto Coalition Urges US House To Support CLARITY Act first appeared on Investorempires.com.
