The House Agriculture Committee sent a Bipartisan’s major message with a 47-6 US Crypto Structural Bill bill on Tuesday, marked the first of some expected development in the promotion of digital assets expected this week.
The second panel of Congress, the House Financial Services Committee, also prompted some of the final details on Tuesday on the bill to set up Oversight Market Oversight, and at the same time, the Senate law to organize stablecoin issues rolled into a final vote.
This person’s efforts to finally set the US stage for crypto trading, known as the Digital Asset Market Clarity Act, is the focus of the markups – special hearings in which Congress panels consider the amendments and place a final polish in the law before promoting it to the floor of the room. In this case, two home committees are Considering the law of cleanliness At the same time on Tuesday, the agricultural panel ended first.
“The Clarity Act assures digital assets to market participants, filling regulations gaps to the commodity futures trade commodity and the Securities and Exchange Commission, Bolsters American Innovation and bringing necessary customer protection to digital assets and intermediary activities,” he said as he opened the panel chairman of Panel’s panel. Glenn “GT” Thompson, as he opened The hearing of his committee.
The rank of Democrat panel, the representative Angie Craig, noted that “this is not a perfect bill,” but also said that ten -tens of Americans who use cryptocurrency “will continue whether Congress is acting or not, but if we do not act, it will grow without consumer protection of the American financial system. “
The House Bill described the boundaries of jurisdiction between the two US market regulators and established a new leading role for the CFTC in the trading of digital goods, which represents most of the crypto activity. Because the two Committees of Congress each administer different elements of the crypto market – goods and security – each with a piece of the subject, so the work of the panels to change the law needs to be dissolved.
Congress staff said the products of successful markups from each committee would then combine with a united “Committee report” to be considered by a broader house.
The law continues to be -overhaul up to the markups, with Republicans hoping to maintain adequate democrats that a bipartisan support can influence how much the Senate embraces the bill if it passes in the Chamber. But Democrats on the House Financial Services Committee are still meeting to check the points of the bill that they have a remembrance of recently on Monday.
Representative David Scott, one of the Democrats serving the same committees, expressed the disappointment of some of his party. “The bill allows crypto companies to miss proper administration and ignore investor protections, as I have released many occasions here and to the financial committee,” he said, focusing that the bill did not properly fund the regulator of the goods. “The CFTC, though important, is not designed to handle retail -facing products.”
Scott added, “This is a gift to the worst actor in this industry.”
Others remain concerned that the law does not directly hinder older government officials – most noticeable -noted that President Donald Trump – from personally benefits from the interests in the crypto business.
Maxine Waters, the leading Democrat in the House Financial Services Committee, raised similar concerns when he introduced a Amendment Tuesday to the HUD Transparency Act of 2025 to direct the Inspector-General to investigate a suggestion that the Department of Housing and Urban Development could check Crypto or StableCoS for payments for payments.
“Unfortunately, Trump and his administration are trying to force the crypto into the throats of people living in housing assisted by HUD,” he said. “I want to know if HUD is using Trump’s stablecoin, how they choose Stablecoin and what fees are paid in the president’s pocket.”
Genius Act
As the House progresses to The Clarity Act, the Senate is close to a potential final vote this week in guiding and promoting national change for the US Stablecoins of 2025 “(Genius) Act, which will build guards for the release of US Stablecoins, dollar -based tokens that supported a wide Crypto trading swath.
Majority Leader John Thune, the leading Republican of the Senate who recently participated in an effort to push Stablecoin law, Created a moving procedure on Monday Soon to be in a final vote. Industry insider prepares for a vote as soon as Wednesday.
Jaret Seiberg, a TD Cowen policy analyst, told a note to clients that Thune’s move meant a “limit what amendments might consider before a final package vote,” including this difficult for supporters of the unrelated credit-card law to use the Stablecoin Bill as leverage their own efforts. That is One of the last potential road barriers As the Senate advanced to the bill, Bipartisan’s votes were already getting strong votes as it moved to the process in the Congress Chamber.
Law sponsor Senator Bill Hagerty, is clear that the bill is facing a tight window for adoption this year, considering what else is on the Senate plate. The Genius Act is On the Senate floor agenda for Tuesdaywith a 2:30 pm amendment deadline.
If the Genius Act passes the Senate, it will go to the Chamber, where a similar stablecoin bill is awaiting, removing the hurdles of its committee. At that point, lawmakers will have to decide their approach to how to proceed, if the Stablecoin object is included next to the market structure bill as a single package, if the Chamber can only take the Senate bill as a written or if the Chamber will seek its own version.
