The divide in the US Congress regarding digital assets is intensifying as House Democrats outline their agenda in response to Republican efforts to advance three crypto-related bills. House Financial Services Committee member Maxine Waters and digital assets subcommittee member Stephen Lynch expressed strong opposition to what they termed 'dangerous' legislation proposed by Republicans, which includes bills on payment stablecoins, crypto market structure, and central bank digital currencies (CBDCs). Waters criticized the fast-tracking of these bills, highlighting the absence of essential consumer protections and national security measures. With a narrow majority, it remains uncertain whether Republicans can secure enough votes to pass all three bills, especially with Democratic opposition. The GENIUS Act, aimed at regulating stablecoins, has already passed the Senate despite initial Democratic resistance. Additionally, the Anti-CBDC Surveillance State Act and the CLARITY Act are also under consideration. Meanwhile, discussions about a comprehensive market structure bill are shifting to the Senate, aiming to clarify regulatory roles for the SEC and CFTC. Read more AI-generated news on: https://app.chaingpt.org/news

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