The US House of Representatives carried the laws of CLARITY and GENIUS, which brought regulation to crypto currencies. This development was recorded with the longest voting process of the House of Representatives. After this procedure, which lasted about ten hours, the laws in question came to the agenda for ultimately voting. These laws are expected to be voted again in the General Assembly in a short period of time.
Historical Record in the Voting Process
During the progress of the laws, the voting period in the House of Representatives reached a remarkable length. Authorities shared the information that this session was the longest vote so far. The vote, which lasted for about ten hours, revealed the determination of the law makers participating in the process and the importance of arrangements discussed.
It is stated that such voting processes are related to the complexity of the issue of regulation on crypto currencies in the Congress and the need for detailed evaluation of the parties. At the end of the process, an agreement was made to move legal regulations one step further.
Authorities foresee that these regulations should be negotiated more comprehensively in the coming days and submitted to the final presidential approval.
The scope and importance of regulations
CLARITY and GENIUS laws aim to create clarity of crypto currencies in the USA. These regulations aim to clarify the rules that the actors operating in the crypto currency sector should follow. In legal texts, the definition of crypto currencies, sector supervision and the obligations of sector players are among the main headings.
According to experts, these legal steps aim to pave the way for the development of crypto currency ecosystem in a more predictable and stable environment in the USA. It is expected to reduce uncertainties, to contribute to the protection of investors and the compliance of the sector to international standards.
The members of the Assembly said that the regulations are important in terms of increasing the global competitiveness of the US and supporting innovative initiatives.
“These steps will give the sector both openness and confidence to the sector,” the members of the House of Representatives said.
It is reported that these legal regulations may pave the way for the US to pursue a more proactive policy on crypto currency regulation. In addition, reconciliation between the parties was tried to be achieved during the process.
The laws of CLARITY and GENIUS, adopted by the US House of Representatives, have aimed to reduce regulatory uncertainties in the field of crypto currency. After about ten hours of historical voting, these regulations are expected to be re -discussed at the General Assembly. The steps taken to regulate the sector are aimed at strengthening the US international position in this field. Which arrangements will be implemented and how the details will be shaped will be clarified in the voting and discussions; For this reason, it is stated that it is useful to closely follow the developments of sector stakeholders and investors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
