Close Menu
    Trending
    • Hackers Exploit BigONE’s Systems, Steal Millions in Bitcoin and Ethereum
    • Ethereum Breakout Signals 30% Rally Against Bitcoin
    • SharpLink Gaming Buys Another $19.5M In Ethereum: Institutional Accumulation Continues
    • What If The Magnificent 7 Allocated Just 1% Of Their Cash To Bitcoin?
    • What’s Next for PENGU After Triple-Digit Weekly Surge?
    • Why did meme coins outperform in the July 16 session?
    • Citigroup CEO Confirms Interest In Issuing A Proprietary Stablecoin—Reuters
    • Ethereum Adoption Intensifies: BTCS Inc. Buys Additional 14,522 ETH In Strategic Push
    Simon Crypto
    • Home
    • Crypto Market Trends
    • Bitcoin News
    • Crypto Mining
    • Cryptocurrency
    • Blockchain
    • More
      • Altcoins
      • Ethereum
    Simon Crypto
    Home»Cryptocurrency»US Lawmaker Warns More FTX-Style Crashes Coming Without Crypto CLARITY
    Cryptocurrency

    US Lawmaker Warns More FTX-Style Crashes Coming Without Crypto CLARITY

    Team_SimonCryptoBy Team_SimonCryptoJuly 15, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Impending crypto laws, such because the CLARITY Act, may forestall one other large crypto collapse, based on lawmakers.

    The US Home Guidelines Committee met on Monday to debate three crypto payments, together with the Digital Asset Market Readability (CLARITY) Act, which was launched on the finish of June with the intention of offering a clear regulatory framework for the crypto trade.

    Republican consultant French Hill said that with out these laws, one other FTX-type collapse may happen.

    “If the prevailing advert hoc course of stays in place, I’m satisfied we’ll proceed to see future FTX-like conditions as a result of shoppers should not afforded the cautious protections included on this laws.”

    WATCH: Chairman @RepFrenchHill speaks at @RulesReps on the three payments as a part of “Crypto Week:”

    ✅CLARITY Act
    ✅GENIUS Act
    ✅Anti-CBDC Surveillance State Act pic.twitter.com/VoHiAoaUt1

    — Monetary Providers GOP (@FinancialCmte) July 14, 2025

    One other FTX Looms With out Laws

    Hill emphasised that the invoice imposes strict client and market protections, together with a prohibition on co-mingling buyer funds. This instantly addresses certainly one of FTX’s main failures, the place buyer deposits have been illegally used for different functions.

    There are additionally capital necessities that guarantee companies keep ample reserves, record-keeping obligations creating audit trails and transparency, and battle of curiosity provisions stopping self-dealing that contributed to FTX’s downfall.

    Hill argued that the present system has gaps that go away shoppers unprotected.

    “For too lengthy, America’s digital belongings regime has been delivered within the worst attainable world: regulation by enforcement that stifles accountable innovation and an present commodity and safety regulatory framework that’s tormented by gaps that go away shoppers unprotected and traders confused.”

    Somewhat than the current regulation by enforcement method, the invoice gives clear definitions of digital commodities and belongings, particular disclosure necessities for fundraising, and retail investor protections by “fastidiously calibrated resale limitations.”

    It additionally provides authority and oversight of centralized exchanges to the Commodities and Futures Buying and selling Fee.

    “We’re not creating loopholes. We’re closing regulatory gaps,” he stated.

    On Tuesday, July 15, policymakers will start discussing the payments, and voting will begin when the controversy ends.

    Two Extra Crypto Payments in Highlight

    Along with the CLARITY Act, the Guiding and Establishing Nationwide Innovation for US Stablecoins (GENIUS) Act will even be debated and voted on.

    This laws gives a regulatory framework for stablecoins, setting guidelines for issuers, reserve transparency, and permitting banks to take part.

    The Home votes on my GENIUS Act this week.

    With this invoice, we’re one step nearer to changing into the worldwide chief in crypto.

    Let’s get this to @POTUS’s desk ASAP.

    — Senator Invoice Hagerty (@SenatorHagerty) July 14, 2025

    The Anti-CBDC Surveillance State Act, which goals to forestall the Federal Reserve from issuing a central financial institution digital foreign money, can also be up for debate and a vote this week.

    On July 22, Donald Trump’s Digital Asset Process Power is anticipated to launch a report that might embody an American strategic Bitcoin reserve, which may additionally increase crypto market sentiment.

    SPECIAL OFFER (Sponsored)
    Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome supply on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Hackers Exploit BigONE’s Systems, Steal Millions in Bitcoin and Ethereum

    July 16, 2025

    What’s Next for PENGU After Triple-Digit Weekly Surge?

    July 16, 2025

    Is a Mid-Cycle Pivot Imminent?

    July 16, 2025

    Tom Lee Targets Huge Gains for Ethereum as ETH Hits 5-Month High

    July 16, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Top Posts

    Is Bitcoin’s Bull Market Just Getting Started? This Crucial Metric Says So (Details)

    April 19, 2025

    ad

    About us

    Welcome to SimonCrypto.in, your ultimate destination for everything crypto! Whether you’re a seasoned investor, a blockchain enthusiast, or just beginning your journey into the fascinating world of cryptocurrencies, we’re here to guide you every step of the way.

    At SimonCrypto.in, we are passionate about demystifying the complex world of digital currencies and blockchain technology. Our mission is to provide insightful, accurate, and up-to-date information to empower our readers to make informed decisions in the ever-evolving crypto space.

    Top Insights

    Ripple (XRP) News: April 1

    April 1, 2025

    Stay True To These Principles And The Future Is Ours, Says Ross Ulbricht

    June 2, 2025

    Analyst Says Solana Flashing Biggest Bear Trap, Predicts New All-Time High for SOL by End of 2025

    April 15, 2025
    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 SimonCrypto All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.