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Washington advances Bitcoin Market Structure Bill, signaling a shift in U.S. cryptocurrency policy
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Stablecoin regulations under Genius Act force banks to compliance-driven token issuance
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Clarity Act gains momentum after Senate review and Trump’s support
The U.S. House of Representatives will vote on a major cryptocurrency bill that would create a comprehensive rulebook in the United States for digital assets. Custodia Bank’s CEO Caitlin long revealed the news live on CNBC at the Wyoming Blockchain Symposium.
Washington’s Position on Crypto Is Softening
Long, in her remarks on the changing political climate in Washington, emphasized the fact that the regulatory environment in D.C. had changed significantly in recent months. She noted that regulators such as the FDIC and OCC had softened their stance towards crypto-related activities. Key personnel changes within the Federal Reserve have also created cautious optimism for more cryptocurrency-friendly reforms.
RelatedUS House passes major crypto bills; GENIUS Act heads to Trump’s desk
The Federal Reserve has also reduced certain supervisory measures. However, it still controls final clearance for banking service. According to Long’s analysis, the Fed is beginning to change its policy as a result of personnel changes. This has led to a cautious optimism about crypto-friendly reforms.
Stablecoin Laws Boost Industry Readiness
Stablecoins, in addition to Bitcoin, are gaining more attention after the Genius Act was passed, which provides a federal framework that allows these tokens.
Custodia Bank in partnership Vantage Bank recently issued one of first bank-backed stabilizecoins. Long believes that this move sets a standard for compliance-driven standards within the industry. She emphasized that banks can build trust by working with regulators before seeking forgiveness.
However, several unanswered questions remain. Regulators still need to determine how capital requirements for banks holding stablecoins will be applied and how compliance rules are extended across institutions. Long stated that clarity in these fields could reduce costs for community bankers and strengthen their role within the digital asset ecosystem.
What’s Next with the “Clarity Act?”
Clarity Act is another major legislative effort which outlines broader crypto market rules. The House has already approved its version. However, the Senate will likely make changes before final approval.
Related White House sets Crypto Law Deadline while Congress advances GENIUS Act and CLARITY Act
President Trump has indicated his support for signing this measure in 2018, signaling a clear political push to reach a deal. The passage of these bills would be a significant turning point for crypto investors. It would encourage mainstream acceptance and encourage a new wave institutional adoption.
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