Members of the crypto industry and digital asset specialists argue that if the U.S. doesn’t pass legislation on digital asset market structure soon, it might cede authority to legal regimes from other countries.
Senator Bill Hagerty (R-TN), the main sponsor for the GENIUS Act, and policy analysts from the Bitcoin Policy Institute and Galaxy Digital believe that combining the GENIUS Act with the CLARITY Act as the former heads to the House floor for a vote will lower the likelihood of it passing.
The section of the CLARITY Act (H.R. 3633) that protects Bitcoin and crypto users’ right to use noncustodial wallets as well as developers’ right to create such tools without being subject to The Bank Secrecy Act (BSA) will remain in the bill as it gets voted on in the House.
At Bitcoin 2025, NYC mayor, Eric Adams, proclaimed that he’s going to push to issue a BitBond, but judging by his past inaction on Bitcoin as well as a statement from NYC’s comptroller, odds are New Yorkers won’t see a BitBond in the near future.
Call your local elected officials and tell them to support the BRCA, which protects developers of noncustodial technology as well as a variety of services that preserve privacy and make it easier to scale Bitcoin.
On Monday, June 2, 2025, Commissioner Peirce made the case for why permissionless technology like Bitcoin is important and should be protected, and she stated explicitly that Americans should be permitted to use crypto mixers.
Stablecoins are the focus of the GENIUS Act, but if the bill is enacted into law, it will likely have an impact on U.S. citizens’ ability to use Bitcoin privately.
New York-based members of the Bitcoin and crypto industry tell the Adams administration that it needs to cut the red tape if New York is to become the crypto capital of the world.
Amethyst creator Vitor Pomplona believes that it’s still early for Nostr, but that in the future, creators will be able to make a living using clients built on the protocol and more and more people will use Nostr for the freedom it offers.