😱🔥White House Embraces Crypto: Trump's Man Makes Shocking "Big Week" Statement!!🤯🇺🇸
Bo Hines, one of the figures at the center of US President Donald #TRUMP 's crypto policy, announced this week that America has entered a critical period in asserting its leadership in the cryptocurrency world. The House of Representatives' official declaration of July 14-18 as "Crypto Week" symbolized the beginning of this new era.
🧠 GENIUS Bill: A Roadmap for Stablecoins
The GENIUS (Guaranteed Electronic Notes Issuance and Utilization Standards) bill focuses on stablecoins. The bill's primary goal is to ensure both the security and encourage the growth of US dollar-backed stablecoins.
What Does GENIUS Bring?
License and collateral requirements will be introduced for companies issuing stablecoins.
User funds will be secured through reserve requirements.
Domestic USD-backed stablecoins will be prioritized—incentives will be provided to compete with foreign-based currencies like Tether.
A regulatory framework focused on financial stability and consumer protection will be established.
This law aims to provide a clear legal basis supporting US-based stablecoin projects such as Circle, Paxos, and PayPal USD. It is also seen as a first step that could pave the way for the transition to a digital dollar.
⚖️ CLARITY Bill: An End to Legal Uncertainty in Markets
The CLARITY (Cryptocurrency Legal Accountability and Regulatory Transparency for Innovation and Trust) bill specifically clarifies the classification of cryptocurrencies and which institution will be responsible for which project.
What Will Change with CLARITY?
The CFTC (Commodity Futures Trading Commission) will become the primary regulatory body for the cryptocurrency market.
The SEC (Securities and Exchange Commission) will only deal with tokens that qualify as investment contracts.
Cryptocurrencies will be clearly divided into "digital commodities" and "securities."
The "regulation by enforcement" approach will end
Clarity and legal protection will be provided for entrepreneurship and innovation.
With CLARITY, the "SEC uncertainty" that crypto startups have experienced for years could end. This means relief for major projects like Ripple, Coinbase, and Uniswap.
💬 A Strong Message from Bo Hines: "America Must Become the Crypto Capital!"
Bo Hines emphasizes that the bills' goal is not just regulation:
"It's time to make America the crypto capital of the world! These laws aren't just regulation; they're a technology manifesto. Innovation must stop escaping; it must stay here."
The Trump camp sees these laws not only as a legal framework but also as a geopolitical opportunity for crypto innovation. In contrast to the oppressive and punitive approach of the Biden era, the Trump campaign is launching with a clearer, more entrepreneurial, and libertarian vision.
