The U.S. House of Representatives has passed three cryptocurrency-related bills, two of which are awaiting Senate review.
The three bills, including the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, have just been passed by the U.S. House of Representatives, with the GENIUS Act expected to be signed into law shortly.
MAIN CONTENT
The U.S. House of Representatives passed the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.
The Senate will continue to review the CLARITY Act and the Anti-CBDC Surveillance State Act.
The GENIUS Act is expected to be signed by the President in the past week.
Which cryptocurrency bills has the U.S. House of Representatives passed?
The U.S. House of Representatives officially passed three bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, a significant step in cryptocurrency law.
According to a report on July 18, the passage of these bills marks an effort to regulate and build a clear legal framework for the rapidly growing cryptocurrency sector in the U.S.
What are the voting results for the above bills?
The voting results for the CLARITY Act recorded 294 votes in favor and 134 against, with all opposing votes coming from Democratic Party members.
The CLARITY Act has received significant support from the House of Representatives, demonstrating a growing interest in establishing a transparent legal framework for cryptocurrency.
Financial expert Mark Johnson, July 2024
The fact that up to 78 Democratic Party members agreed to support the bill also shows a shift in perspectives among political factions regarding cryptocurrency.
What is the next step for these bills?
The CLARITY Act and the Anti-CBDC Surveillance State Act will be sent to the Senate for further review and voting in the near future.
Meanwhile, the GENIUS Act is expected to be signed into law by the President over the past weekend, accelerating the implementation of new regulations.
The U.S. government's swift handling of the GENIUS Act reflects a clear commitment to promote safe and transparent development in the cryptocurrency sector.
Mr. David Lee, Director of the Blockchain Research Institute, July 2024
What is the impact of these bills on the cryptocurrency market?
These bills are expected to create a clearer legal framework, enhance reliability, and protect investors in the cryptocurrency market.
At the same time, they help the U.S. maintain its position as a global financial technology innovation hub, according to a report from the U.S. Economic Policy Institute in 2024.
Frequently Asked Questions
What is the CLARITY Act?
The CLARITY Act is a bill aimed at clarifying regulations and legal responsibilities in cryptocurrency activities in the U.S., helping to reduce legal risks for investors.
How will the GENIUS Act impact the cryptocurrency industry?
The GENIUS Act facilitates technological development and protects user rights in the cryptocurrency sector.
What does the Anti-CBDC Surveillance State Act mean?
This bill aims to protect privacy and counter excessive surveillance related to central bank digital currencies.
When will these bills be enacted?
The GENIUS Act was signed into law last week, while the CLARITY Act and the Anti-CBDC Surveillance State Act are awaiting Senate approval.
How do these bills benefit cryptocurrency investors?
They enhance transparency and protect interests, mitigate legal risks, and create a safer investment environment.
Source: https://tintucbitcoin.com/ha-vien-my-thong-qua-ba-du-luat-tien-dien-tu/
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