Representative French Hill offered provisions from the Blockchain Regulatory Certainty Act on developers as an amendment to the CLARITY Act before a markup hearing.
Two bills in the US Congress considering stablecoins and a digital asset regulatory framework will reach crucial stages this week after long debates and controversies.US lawmakers on the House Financial Services Committee are expected to meet for a markup hearing on Tuesday to consider a cryptocurrency market structure bill, which could be amended to add protections for blockchain developers.
an amendment to the Digital Asset Market Clarity Act of 2025, otherwise known as the CLARITY Act, focusing on the “treatment of certain non-controlling blockchain developers.” The amendment proposed that, under the potential market structure law, certain blockchain developers or service providers would not be considered money transmitters or subject to their registration requirements.sending the bill to the full chamber. In the Senate, lawmakers are expected to soon vote on the GENIUS Act — legislation to regulate payment stablecoins. Senate Majority Leader John Thune reportedly“I think stablecoin legislation has made incredible progress, in large part because I think there is a fairly consistent bipartisan consensus that it’s in the United States’ interest to have sensible rules for stablecoins,” Coinbase Chief Legal Officer Paul Grewal told Cointelegraph on May 27, adding: “A market structure bill is equally important for long-term stability and growth.”Representative Maxine Waters, ranking member of the House Financial Services Committee, has said nothing to suggest she and many other Democrats will vote for the CLARITY Act if the time comes. The California lawmaker organized a Minority Day hearing on Friday to“Not a single provision within addresses the crimes I’ve laid out,” said Waters on Friday. “In fact, this bill only legitimizes it.” However, at least one Democratic representative who has previously advocated for legislation impacting the crypto industry has suggested he will support the market structure bill. Ritchie Torres is a co-sponsor of the CLARITY Act and the Blockchain Regulatory Certainty Act. Cointelegraph reached out to a representative for Torres but had not received a response at the time of publication.$100K becomes bulls' key level: 5 things to know in Bitcoin this week
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