The key act for the future of the US cryptocurrency regulation will receive the final version this year.
The American senator of Wyoming, Cynthia Lummis, announced that the final version of the Act on the structure of the cryptocurrency market will be presented to President Donald Trump before thanksgiving. This is a significant progress in the most important legislation for the crypto industry in the USA.
Accelerated legislative schedule
Senator Lummis during the Salt conference in Jackson Hole in Wyoming stated on Wednesday:
We will have it on the president’s desk before thanksgiving
This acceleration compared to previous forecasts – Senator Tim Scott previously anticipated the date of 30 September.
According to the plan presented by Lummis, the Senate Banking Committee intends to adopt the Act by the end of September. Then the Senate Agricultural Commission, which supervises the Commodity Futures Trading Commission (CFTC), is to take care of the project until the end of October before he goes to the president.
Senator from Wyoming assured:
We will have the market structure by the end of the year
Two -party support is aware
The chairman of the Senate Banking Committee, Tim Scott, expressed optimism on the support of legislation on Tuesday. Scott predicts that even 18 Democrats may vote for the Senate response to the Digital Asset Market Clarity Act from the Chamber of Representatives.
Such support on both sides of the political scene may be crucial for the rapid passage of the act through the legislative process. A two -party consensus on such a controversial topic as cryptocurrency would be a significant achievement.
Why is this act so important?
The project is one of the most important legal acts for the crypto industry, because it will determine how Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) will supervise the market.
Currently, the cryptocurrency industry operates in a legal gray zone. Various interpretations of regulations by SEC and CFTC lead to regulatory uncertainty, which inhibits innovations and investments. Clear legal framework could be:
- Ensure legal certainty for cryptocurrency companies
- Define competences individual regulators
- Facilitate development American blockchain industry
- Protect investors Before unfair practices
Challenges before legislation
Despite the optimistic declarations, the path to adopting the law may encounter obstacles. Differences of sentences regarding the classification of digital assets – whether they are securities or goods – remain a fundamental contentious issue.
SEC traditionally favors the wider application of securities for cryptocurrencies, while CFTC prefers to treat them as goods. The compromise will require gentle balancing the interests of both agencies.
What does this mean for the market?
The prospect of clear regulations has a positive effect on the mood in the industry. Institutional investors who have been waiting for legal certainty for a long time may finally receive the framework needed for greater involvement in the cryptocurrency market.
Key benefits for the market:
- Increased regulatory transparency
- Facilitated access to institutional investors
- Potential increase in innovation in the sector
- Competitive US position on the global crypto market
If Senator Lummis keeps his word, the end of 2025 may become a breakthrough moment for the American cryptocurrency industry. After years of uncertainty, the clear rules of the game can release the full potential of this dynamically developing sector.
