Sacks: GENIUS Act Nearing Law, CLARITY Heads to Senate

In a recent statement, White House Crypto Advisor, David Sacks hinted that major progress could be on the Horizon for digital asset regulation in the United States.

With two long-anticipated legislative proposals gaining traction. July might bring the most significant federal crypto developments to the state.

Source: Twitter

GENIUS Act: Setting National Standards for Stablecoins

One of the key pieces of legislation, the GENIUS Law, is reportedly close to becoming law.

GENIUS Act is the type of bill proposes a unified regulatory framework for stablecoins– tokens backed by the traditional assets like the US dollar.

Genius Act if passed, the act would give companies a clear rulebook for issuing  stablecoins, reducing uncertainty and boosting confidence in US- based Fintech Innovation.

Supporters argue it would also reduce America’s reliance on foreign digital finance platforms by creating a secure, domestically governed alternative.

CLARITY Act: Finally Defining Digital Assets

The second major legislative effort, the CLARITY Act, is advancing through the Senate.

The main motive of this bill aims to categorise and define different types of digital assets, something industry players have long asked for.

The current lack of legal definitions has made it risky for large financial institutions to enter the space.

If this bill passes, the analyst believes it could unblock trillions in institutional capital, opening the door to widespread adoption and innovation.

Industry Responses: A defining Moment for US Leadership in Crypto

Crypto insiders are calling this a watershed moment for America’s leadership in blockchain and digital finance.

Many believe that enacting these two bills could cement the US as a global hub for crypto innovation–especially as other major economies continue to develop their own frameworks.

“If both bills clear in July , it will send a strong signal that the US  is serious about digital assets regulation– without stifling innovation,” said one policy close to the discussion.

External factors: Trump’s Trade Policy Could add a Twist

While crypto regulations are front and center, it’s not the only thing markets are watching. The upcoming July 8-9 tariff deadline has also grabbed attention.

Though the Trump  administration has floated the idea of new tariffs, insiders say there’s a good chance of delay, especially as trade talks with countries like China and UK are still ongoing.

Some nations, such as India, are reportedly close to striking a deal.

Observers suggest that countries showing good-faith negotiation efforts may be granted extensions, especially as Trump prepares to roll out his new tax-and-spending plan by July 4.

Looking Ahead: Crypto and Trade at a Crossroads

With legislative milestones in sight and international trade policies evolving. July is shaping up to be a crucial month for both digital assets and broader economic policy.

If things go as expected, the US could emerge with clearer rules, more hand in the global race.