- U.S. crypto czar says July will see major moves on stablecoin and asset classification laws.
- The GENIUS Act sets national guidelines for stablecoins to boost domestic innovation.
- The CLARITY Act aims to define crypto assets, unlocking institutional investment in the U.S.
A significant regulatory shakeup could be on the horizon for the U.S. crypto market this July. White House crypto czar David Sacks has hinted at a significant breakthrough for digital assets. He revealed that two key bills, the GENIUS Act and the CLARITY Act, are gaining strong momentum.
These legislative moves arrive as President Trump ramps up efforts to position the U.S. as a leader in digital finance. Sacks says July could bring a “defining moment” for the industry, changing how the country handles blockchain innovation and stablecoins.
Stablecoins and Definitions Set for Legislative Action
The GENIUS Act, which stands for Government-Enabled National Issuance of Uniform Stablecoins, is nearing final approval. The bill creates a unified legal standard for issuing stablecoins in the U.S.. It is also aimed at reducing the use of foreign stablecoins.
If passed, the GENIUS Act would streamline stablecoin regulation for companies, offering a consistent and secure path to launch and manage dollar-pegged tokens. U.S.-based innovation would get a boost under this new legal structure.
Meanwhile, the CLARITY Act is heading to the Senate floor. The bill aims to define major groups of crypto assets, a first for U.S. law. It may categorize digital assets as securities and commodities. Lawmakers and industry leaders have long demanded such clarity. The lack of definitions has left financial institutions cautious. Many firms have delayed their involvement in crypto due to regulatory uncertainty.
David Sacks stated that the CLARITY Act will provide clear legal boundaries. This could unlock institutional investments, as banks and funds get clearer guidance on asset classification. Trillions of dollars could flow into crypto markets under this new legal certainty.
Lawmakers Set Timeline for Crypto Reforms
Senators Cynthia Lummis and Tim Scott have helped drive the process forward. They confirmed that the broader crypto market structure bill is set to be completed by September’s end. However, both acts, GENIUS and CLARITY, are expected to take key steps in July. Senator Scott confirmed that the market structure bill will be introduced before the August recess. Lawmakers aim to begin reviews in early September. If progress stays on track, Congress may finalize the bill by the month’s end.
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President Trump has publicly supported digital assets and stablecoin innovation. He has appointed pro-crypto leaders to push the U.S. forward. Sacks credits Trump’s backing for the increased bipartisan momentum.
Meanwhile, Sacks advises the crypto community to monitor July developments closely. Both the GENIUS and CLARITY Acts represent the most serious crypto legislation efforts yet. If successful, the bills could change the U.S. digital asset landscape for years to come. As lawmakers prepare to act, the digital finance sector stands at a potential turning point. July could be a milestone month in America’s crypto journey.
