The post Crypto Czar David Sacks Says “July Will Be a Big Month” For U.S Crypto Law appeared first on Coinpedia Fintech News
White House Crypto Czar David Sacks has hinted that July could bring a significant regulatory breakthrough for digital assets in the U.S.
According to Sacks, two crucial bills, the GENIUS Act and the CLARITY Act, are moving forward, signaling the strongest momentum yet under the new administration.
GENIUS Act: A New Stablecoin Standard
The GENIUS Act is expected to be signed into law soon. It creates a national set of rules for stablecoins, which are digital currencies tied to real-world assets like the U.S. dollar. This would make it easier and safer for companies to issue stablecoins in the U.S., while also encouraging more homegrown innovation and cutting down on the country’s dependence on foreign financial tech.
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CLARITY Act: Defining the Crypto Landscape
At the same time, the CLARITY Act is moving to the Senate. It aims to finally define what different types of crypto assets are, something the industry has lacked for years. This lack of clarity has kept large financial institutions on the sidelines, unsure how to legally get involved. If passed, the bill could unlock trillions of dollars in potential investment, giving the crypto space a massive boost.
A Turning Point for U.S. Crypto Leadership
Together, these two bills represent a turning point. Industry leaders are calling this a “defining moment” that could make the U.S. a global leader in blockchain and digital finance. If July sees both laws move forward, it could mark the beginning of a new, more regulated, but more confident era for American crypto.
Trump’s Tariff Plan in July
However, apart from the bills, there is more to the story. The crypto space is also awaiting the July 8–9 tariff deadline, but as per recent talks, there are hints that Trump could delay it. So far, talks with China and the UK have begun, but no deals have been finalized. If progress is slow, Trump may step in to set his fair tariffs.
Some countries, like India, are close to reaching a deal, and more could follow after Trump’s big tax-and-spending bill, expected by July 4. For now, extensions look likely for countries that are negotiating in good faith.