11 hours ago
President Trump ran and won connected a bold promise: to marque America the planetary superior of cryptocurrency and blockchain innovation. Now, with a Republican House, a Republican Senate, and a Republican President, we person some the mandate and the work to deliver.
Last week, we made historical progress. President Trump signed into instrumentality Senator Bill Hagerty’s Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act—a landmark measure that cements a national model for dollar-backed integer assets. These outgo stablecoins, pegged to unafraid assets, present person wide rules that beforehand transparency, support consumers, and boost request for U.S. Treasuries—all portion reinforcing the dollar’s presumption arsenic the world’s astir foundational transactional currency.
The GENIUS Act is simply a large triumph for American enactment successful integer finance. But, connected its own, it’s not enough.
To unafraid the afloat committedness of stablecoins—and of American crypto innovation much broadly—the Senate indispensable besides walk Chairman French Hill’s Digital Asset Market Structure Clarity (CLARITY) Act, which conscionable passed the House.
These 2 bills are complementary: GENIUS establishes the rules for stablecoins; CLARITY delivers the broader marketplace operation that distinguishes integer commodities from accepted securities and intelligibly defines the regulatory roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
Without the CLARITY Act, the rules governing integer assets volition stay fragmented, confusing and susceptible to politicization. Under the Biden administration, that ambiguity was weaponized—resulting successful regulatory overreach, stifled innovation, and an exodus of endowment and superior overseas.
President Trump is reversing course, embracing a imaginativeness of American-led integer innovation—through enforcement action, a telephone for bitcoin reserves, and by moving with the astir pro-crypto Congress successful U.S. history.
But without legislative clarity, that advancement is astatine risk. FTX—the astir spectacular crypto fraud successful history—happened extracurricular the U.S. precisely due to the fact that aboriginal regulatory uncertainty pushed innovators offshore. The acquisition is clear: without wide rules of the road, the effect is chaos overseas and missed accidental astatine home.
The CLARITY Act provides the roadmap we request to support the integer plus system rooted successful the U.S., with astute regularisation that matches the technology’s unsocial characteristics. It volition not lone support consumers and investors—it volition besides presumption the U.S. arsenic a planetary leader, utilizing fiscal innovation arsenic a diplomatic asset.
Central slope surveillance
There’s different captious frontier the Senate indispensable address: protecting Americans from surveillance-driven cardinal slope integer currencies (CBDCs).
While different nations clasp centralized integer currencies arsenic tools of control—none much chillingly than the Chinese Communist Party—we indispensable gully a steadfast enactment successful defence of American freedom. That’s wherefore the House passed the Anti-CBDC Surveillance State Act, which prohibits the Federal Reserve from issuing a CBDC. It’s a indispensable safeguard, and we’re moving to guarantee its passage.
We cannot unleash a caller epoch of innovation portion leaving the doorway unfastened for aboriginal administrations to crook that aforesaid exertion against our ain citizens.
The Senate indispensable nonstop the Anti-CBDC Surveillance State Act and the CLARITY Act to President Trump’s table truthful that the United States doesn’t conscionable enactment successful the integer plus revolution, but leads it.
This isn’t a Republican contented oregon a Democratic issue. It’s an American issue. Whether you’re from Minnesota oregon Alaska, whether you’re 18 oregon 80—when done right, this exertion empowers individuals, strengthens fiscal sovereignty, and unlocks accidental for all.
It’s the future. And now, we indispensable decorativeness the job.
English (US) 