๐ US Congress Finally Passes Three Crypto Bills at Once (Is This the Reason for Crypto Coins Like $BTC $ETH $XRP and Others Strengthening?)๐
A significant step has occurred in the realm of cryptocurrency regulation in the United States: The US House of Representatives has officially passed three major bills that have been directly included in the agenda of "Crypto Week," a series of legislation fully supported by President Donald Trump.
Here are three main points to note:
1. Clarity Act
This bill redesigns the regulatory framework for digital assets in the US. Its main focus: distributing oversight authority between the SEC and CFTC, as well as requiring exchanges to separate user funds from company assets, including transparency in financial reporting. This serves as an important foundation for creating the legal certainty that the crypto industry has long needed.
2. GENIUS Act
After receiving the green light from the Senate, the GENIUS Act has finally passed the House of Representatives. This law requires all USD-based stablecoin issuers to hold 100% of liquid asset reserves and be subject to oversight by state or federal regulators. This could be a game changer for the stablecoin sector, especially in strengthening trust and transparency.
3. Anti-CBDC Surveillance State Act
This law explicitly prohibits the development and launch of central bank digital currencies (CBDC) by The Fed. The main reason is to protect citizens' privacy rights from potential government abuse of power. A strong push comes from the Republican Party, which believes that CBDCs could pave the way for total control over citizens' financial activities.
These three bills represent a new, more assertive direction from the US towards cryptocurrency and support innovation while still rejecting overly deep centralization approaches, such as CBDCs.
๐ Disclaimer: Not Promotion & Not Financial Advice
