Congress makes encryption. A new version of the Clarity Law has been released recently, putting the theater for the main coding session this week.
The draft of the clarity law, known as the amendment to the nature of the alternative (ANS), has recently been released. It includes some updates and changes on the original bill. Fox Business Reporter Eleanor Terrett recently participated in the X publication that this version is scheduled to be the basis for the decisive coding session on Tuesday in the Financial Services Committee in the House of Representatives.
NEW: The amendment was published in the nature of an alternative (ANS) of the Clarity Law this evening.
ANS is an updated version of the bill provided with modern modifications and additions.
This text will be the basis for coding on Tuesday in Financialcmte. pic.twitter.com/5ukr7tthmx
Eleanorterrett June 8, 2025
House committees are scheduled to integrate encryption bills
She also explained that this version is the latest version of the Financial Services Committee in the House of Representatives. There is another copy of the Agricultural Committee in the House of Representatives, which will be held separately. Both committees will review and make changes to their releases on Tuesday. After that, the two versions will be combined into one final bill.
France Corva participated in X Publishing that this update has some good news for encryption developers and portfolio. It says that developers who do not control Blockchain will not be treated like money transmission devices. Also, Defi and programs that help users will not be organized to maintain their keys under this law.
(Good news for self -fraud, developers, conservative providers and non -guardian services.)
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Frank Corva (@Frankcorva) June 8, 2025
Moreover, the rules of the banking confidentiality law will only apply to the central intermediaries, not decentralized projects. This gives more freedom to developers and users in the world of encryption.
The update also adds new banking rules in Section 312 (B)-(C) about the use of digital assets and Blockchain. National banks can use digital assets and Blockchain to provide any legal services, but they still need to follow the current rules. The insured government banks and their subsidiaries are the same permissions.
The draft law mainly tries to clarify how American laws are applied to cryptocurrencies such as Bitcoin, Ethereum and Stablecoins. Any agency, SEC or CFTC, is responsible for organizing different types of digital assets.
This update is a positive step towards the coding rules clearer. It provides clarity on the classification of digital assets, the role of organizational bodies, and what are the rules that companies must follow, which will help build a safer and more predictable space for innovation and growth.
Bitcoin’s Trump is transferred to Congress
Recently, the United States has taken a big step towards embracing Bitcoin. Representative Tim Porsche has submitted a new bill, HR 3798, to officially convert Trump’s plan to the strategic bitcoin reserves into the law. If it is approved, the United States government will start building its Bitcoin’s hideout.
The draft law is now reviewed by the Financial Services Committee in the House of Representatives. While supporters believe that it can enhance the economy and push the adoption of encryption forward, critics are concerned about bitcoin volatility.
