The US Genius Act, the first major national crypto legislation

Analysts had expected the congress to pass all three legislation at the beginning of this week, but unexpected swallowing led to delays.

The other two laws have passed the house and are led to the Senate, where the Republicans have a close majority. These invoices would prevent the US central bank from setting a digital currency and setting up a regulatory framework for other forms of crypto.

The progress comes when Trump reports on a presidential order that could make it possible to invest retention accounts in private assets such as crypto, gold and private equity.

The value of Bitcoin achieved a new record this week, which overtook 120,000 US dollars (89,000 GBP).

Terry Haines from the analysis company Pangaa Policy based in Washington said, however, said that he did not expect the other two invoices that are more important.

“This is the end of Cryptos Siegen for a while – and the only one,” he wrote. “If the simple part lasts stablecoin ~ 4 to 5 years and hardly survives any industry scandals, it is not much to be crowed.”