The crypto is debated. The question of the adoption of cryptocurrencies in the United States has become A full -fledged political subject And this situation is largely due to a well -determined Donald Trump in the history of this booming digital economy. As specified by the republican representative French Hill, « There is currently no federal framework for digital assets »and this is the reason why two bills are currently being discussion at the Congress. These are the Clarity Act and the Genius Act.
- The question of the adoption of cryptocurrencies in the United States was propelled on the political scene, notably by Donald Trump, determined to mark the history of this booming digital economy.
- Two bills, the Clarity Act and the Genius Act, are under discussion at the Congress, arousing heated debates between Democrats and Republicans, in particular because of Trump’s personal implications in the cryptocurrency sector.
The Crypto Clarity Act project under the fire of criticism
Discussions therefore continue at Congress of the UNITED STATES About the crypto And the opinions are very shared. The position and role of the president in office crystallize part of the resentments of the Democratic opposition, especially with regard to the possibility for Donald Trump to take advantage of its position to enrich yourself and take advantage of the sector. A drift that democrat Maxine Waters would like to see clarified as part of the bill Digital Asset Market Clarity Act (Clarity):
“This rushed and too complicated bill will increase the damage caused to investors, which is already rampant in the current crypto market. Some of the most risky activities are largely exempt from the bill, leaving our voters without anyone to turn to when their money disappears. The bill jeopardizes our national security and does not contain any sanction for crypto criminals. »»
Maxine Waters, Democrat deputy for California – Source: US congress
The Genius Act bill also in debate
And this criticism is carried by many legislators democrats ! The latter ask for surveys On the links of Donald Trump With its family crypto platform World Liberty Financial and its other digital investments. This while Congress envisages legislation to regulate stablecoins and establish a market structural framework.
At the same time, the bill Guiding and Establishing National Innovation for Us Stablecoins Act (Genius) also faces a persistent opposition from Democrats. The latter demand a specific treatment to approach – again – the links of Donald Trump with cryptocurrencies.
However, this bill has already passed a crucial stage last May at the Senate And he is now heading for Room of Representatives to be examined. For the Clarity Act, things are less advanced and it is still under examination within the Chamber of Financial Services Committee.
The debates therefore continue at the Congress of the United States where Democrats and Republicans compete on several legislative texts relating to cryptocurrency. The president promised to advance the regulations on the sector, but his personal activities important and mediated in the industry necessarily throw doubt on his motivations. Being both judge and party is not an ideal position in a democracy and it inevitably triggers suspicions of conflict of interest. Especially when your name is Donald Trump.