BREAKING NEWS: Great Things Are Coming For Crypto
The U.S. House of Representatives passed both the GENIUS Act and CLARITY Act. Continue to read to get a simplified understanding of both Acts.
GENIUS Act: is a landmark bill regulating the $250 billion stablecoin market.
The Act mandates 1:1 reserves for stablecoin issuers with liquid assets and includes requirements for reserve disclosures, annual audits for large issuers, and anti-money laundering compliance.
It aims to make the U.S. the "crypto capital of the world" and prioritizes stablecoin holders in bankruptcy.
Critics, such as Sen. Elizabeth Warren, argue the Act lacks robust consumer protections and fails to address conflicts of interest.
CLARITY Act: Digital Asset Market Clarity Act of 2025 (CLARITY Act), which aims to establish a comprehensive regulatory framework for digital assets in the U.S.:
• Purpose: The CLARITY Act seeks to make the U.S. the "crypto capital of the world" by creating a clear regulatory environment for digital assets.
• Oversight Division: Introduced as H.R. 3633, it divides regulatory oversight between the CFTC (for digital commodities like Bitcoin) and the SEC (for investment-related tokens).
• Key Provisions: The Act clarifies definitions, exempts certain decentralized assets from SEC registration, and sets rules for trading platforms, brokers, and stablecoins.
• Passage and Opposition: H.R. 3633 passed the House with a significant majority despite opposition from some Democrats, who raised concerns about consumer protections and potential conflicts of interest.
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Source and Credit: Bitcoin.com News
