President Donald Trump recently celebrated "Crypto Week," announcing that the House of Representatives will soon vote on significant legislation that aims to make the United States the leading nation in digital assets.
During this week, the House plans to consider several key bills:
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), a bipartisan bill that has already passed the Senate. It seeks to create the first-ever federal regulatory framework for stablecoins, which are cryptocurrencies pegged to traditional assets like the U.S. dollar. The bill mandates full backing of stablecoins by U.S. dollars or liquid assets, annual audits for large issuers, and provides guidelines for foreign issuers. If it passes the House, it will be sent to President Trump for his signature, likely becoming the first standalone crypto legislation in U.S. history.
The CLARITY Act, a broader market structure bill designed to establish clear regulations for digital assets by defining whether they are securities (regulated by the SEC) or commodities (regulated by the CFTC). This bill could face some challenges, including opposition from some Democrats concerned about conflicts of interest related to the Trump family’s growing involvement in cryptocurrency ventures.
The Anti-CBDC Surveillance State Act, which aims to permanently block the Federal Reserve from issuing a central bank digital currency (CBDC), protecting Americans' financial privacy.
