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.
WIN BITCOIN