Us lawmakers proposed amendments before marking the crypto market Structure bill. The specific situation is as follows:
The background of the amendment: After a long period of debate and controversy, two bills in the US Congress concerning the regulatory framework for stablecoins and digital assets will enter a crucial stage this week. Members of the House Financial Services Committee of the United States are expected to hold a marking hearing on June 10 to review a cryptocurrency market structure bill, namely the “Clarity Act of Digital Asset Markets 2025”.
Amendment content: The chairperson of the committee, French Hill, proposed an amendment to the Digital Asset Markets Clarity Act, with a focus on “the treatment of certain non-controlling blockchain developers”. The amendment proposes that, under potential market structure laws, certain blockchain developers or service providers will not be regarded as currency transmitters and will not be subject to their registration requirements. This regulation seems to stem from the “Blockchain Regulatory Certainty Act” proposed in May by Representative Tom Emmer and a bipartisan group of lawmakers. Many cryptocurrency advocacy groups, including the Blockchain Association, have called on lawmakers to merge the two bills.
Relevant impact: If this amendment is passed, it will provide certain legal protection for blockchain developers, help clarify their roles and positions in the crypto market, reduce regulatory uncertainty, and may promote the innovation and development of blockchain technology. However, the advancement of this bill still faces some resistance. Democrats such as Maxine Waters, a senior member of the House Financial Services Committee, expressed doubts about the bill, arguing that there are no provisions in it to address the corruption issues related to former President Trump’s involvement in the crypto industry.
Furthermore, in the Senate, lawmakers are expected to vote on the Genius Act soon, which aims to regulate the payment of stablecoins.
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