President Trump ran his bold promise and won: to make America the global capital of cryptocurrency and blockchain innovation. Now we have a Republican home, a Republican Senate, and a Republican president, so we have both mandate and responsibility.
Last week we made historic progress. President Trump guided and established the guidelines of legal senator Bill Hagerty and national innovation for the US stubcoin law. These payment stability are fixed to protect assets, with clear rules that promote transparency, protect consumers and increase demand for the US Treasury.
Genius is a huge victory for American leadership in digital finance. But that’s not enough.
To ensure a wider promise of innovation in Stablecoins and American Crypto, the Senate must pass the Clarity Act of Chairman French Hill, which just passed the House of Representatives.
These two bills are complementary. Genius establishes the rules of stablecoins. Clarity provides a broader market structure that distinguishes digital goods from traditional securities, clearly defining the regulatory roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).
Without clear laws, rules governing digital assets remain fragmented, confused and vulnerable to politicization. Under the Biden administration, that ambiguity was weaponized. It relied on regulatory overloads, thwarting innovation and thwarting the departure of foreign talent and capital.
President Trump has reversed the course and embraced the vision of US-led digital innovation. Executive Action, Bitcoin Reserve Calls, working with the most pro-cryptic Congress in US history.
But without legislative clarity, the progress is at risk. FTX, the most epic crypto fraud in history, is registered outside the US as early regulatory uncertainty pushed innovators offshore. The lesson is clear. Without clear road rules, the outcome would be disrupted overseas and missed opportunities at home.
The Clarity Act provides the roadmap needed to maintain the digital asset economy rooted in the US, with smart regulations that match the unique characteristics of technology. It not only protects consumers and investors, but also uses financial innovation as a diplomatic asset to position the United States as a global leader.
Central Bank Surveillance
There is another important frontier that the Senate must deal with. Protects Americans from surveillance-led Central Bank Digital Currency (CBDC).
Other countries accept centralized digital currency as a tool of control rather than colder than the central Communist Party, but they must attract solid boundaries to defend American freedom. Therefore, the House has passed the Anti-CBDC Surveillance National Act, which prohibits the Federal Reserve from issuing CBDCs. It’s a necessary safety measure and we’re working to ensure that passageway.
We cannot unleash a new era of innovation while future administrations keep the doors open to change the same technology for our citizens.
The Senate must send anti-CBDC surveillance national laws and clear laws to President Trump’s desk so that the US not only participates in the digital asset revolution, but also leads it.
This is not a Republican issue or a democratic issue. That’s an American problem. Whether you’re from Minnesota or Alaska, or 18 or 80, when done right, this technology empowers individuals, strengthens economic sovereignty and unleashes opportunities for everyone.
It’s the future. And now we have to get the job done.
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