Clock: House Republicans hold press conferences after the passage of cryptocurrency calculations

Washington (AP) – The house has passed three legislative templates to increase the legitimacy of the cryptocurrency industry with new regulations when President Donald Trump pushed to make the USA the “Crypto capital of the world”.

Take a look at the press conference in the video player above.

One of the three legislation, the legislation of regulating a kind of cryptocurrency called StableCoins, had already passed the Senate with broad support for cross -party support and will now go to Trump's desk. The other two invoices – a more comprehensive measure to prevent a new market structure for cryptocurrency and a law on the ban on the Federal Reserve from spending a new digital currency – will go to the Senate.

The StableCoin calculation, which gave a vote of 308-122, determines initial guardrails and consumer protection for cryptocurrency, which is bound to a stable asset, often the US dollar, in order to reduce price volatility. It adopted the Senate with cross -party support in June.

“All over the world, payment systems are subjected to a revolution,” said House Financial Services, French Hill of Arkansas, when legislators discussed StableCoin on Thursday morning. Hill said the bill would “ensure American competitiveness and strong guardrails for our consumers”.

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After Trump had declared it for the “Krypto Week”, the legislative templates were implemented more than a day in view of the disagreements among the republicans of the representative houses about how the legislation can be combined. In the end, the GOP leaders stopped the three legislative templates for separate votes and left the fate of the other two laws of law in the Senate unclear. The internal dissent could be the challenges for the more far -reaching crypto legislation that Trump has requested and the industry plunged millions into the priority.

The StableCoin measure is viewed by the legislator and the industry as a step to award legitimacy and consumer confidence to a rapidly growing sector. Finance Minister Scott Bessent said in June that the legislation could contribute to the fact that the currency “grows into a market of 3.7 trillion dollars by the end of the decade”.

The legislation outlines the requirements for stable coin emitters, including compliance with the US anti-money laundering and sanction laws, and mandates that support emitters reserves that support cryptocurrency. Without such a framework, the Republicans of the Senate banking committee warned in a statement: “Consumers are exposed to risks such as unstable reserves or unclear operations of stable coin emitters.”

After the votes, the Republicans of the house emphasized the Senate to take up the second bill, which would create a new market structure for cryptocurrency.

MP Bryan Steil, R-Wis., Said that the votes of 294-134 on this legislation shows broad support from the cross-party support and a “massive energy” in this topic. But it is so unclear whether the Senate would consider the house law or try to write its own.

This legislation aims to ensure clarity for the regulation of digital assets. The draft law defines which forms of cryptocurrency are to be treated as regulated raw materials regulated by Commodity Futures Trading Commission and which are monitored by the Securities and Exchange Commission. In general, tokens that are connected to “mature” blockchains such as Bitcoin are viewed as goods.

The third legislative template, which has passed a closer lead from 219-210, prohibits the United States to offer a so-called “digital central bank currency”, which is like a form of digital cash issued by the government.

The crypto industry has long complained that unclear laws have made it difficult to operate in the United States, and that the bidges management tried to regulate this by enforcement measures as through transparent rules. The adoption of this law has a top priority for the industry, which quickly became an important power player in Washington thanks to heavy campaign donations and lobbying.

The lawyers said that the adoption of the invoices was an important moment in the changing path from cryptocurrency to the mainstream adoption.

Patrick Mchenry, the former chairman of the House Financial Services Committee and now deputy chairman of the KRYPTO company Ondo Finance, said that legislation will have a “massive effect on the generations”, similar to the securities laws adopted in the 1930s, which have contributed to making Wall Street the center of the financial world. “These invoices will make the United States the center of the world for digital assets,” he said.

While the legislation has a significant support for two parties, Democrats, who say that legislation should deal with Trump's personal financial interests in the crypto room.

“Nobody should be surprised that the same republican of the next procedure is to validate, legitimize and support the corruption and efforts of the Trump family, to sell to the highest bidder,” said the Californian Rep. Maxine Waters, the top democrat in the financial service committee.

A determination in StableCoin Bill prohibits members of the congress and their families to benefit from stable coins. But this ban does not extend to the president and his family, even if Trump builds a crypto empire out of the White House.

In May, the Republican President organized a private dinner in his golf club in Virginia with top investors in a meme coin with a Trump brand. His family has a significant share in World Liberty Financial, a crypto project that has launched its own stablecoin, USD1.

According to a public financial disclosure published in June, Trump reported 57.35 million US dollars from the token turnover at World Liberty Financial in 2024. A Meme coin connected to it has generated estimated fees of $ 320 million, although the profits are divided from several investors.

Some Democrats also criticized the legislative template to create what they see as an excessively weak regulatory framework that could be long -term financial risks. You have also expressed concerns that legislation opens the door for large companies to spend their own private cryptocurrencies.

“If this calculation goes away, Elon Musk and Mark Zuckerberg enables their own money. The legislation still enables large technology companies and other conglomerates to issue their own private currencies,” said Elizabeth Warren, the Senate Democrat of the Senate banking committee.