Congress Advances GENIUS, CLARITY Digital Asset Acts

U.S. Congress advances the CLARITY and GENIUS Acts with bipartisan support, aiming to regulate digital assets nationwide. The measures are spearheaded by key congressional figures, marking a significant step in establishing structured crypto oversight.

The push for GENIUS and CLARITY Acts showcases U.S. initiatives in digital innovation regulation. Their passage could transform market dynamics, aligning with global crypto standards while bolstering investor confidence.

The CLARITY Act, endorsed by Rep. French Hill and others, moves towards defining regulatory roles for various digital assets, impacting stablecoins and major cryptocurrencies. “Digital assets will soon transform every industry, and the time is now to bring commonsense regulation to blockchain technology to allow that innovation to grow and thrive,” remarked Rep. French Hill, Chairman, House Financial Services Subcommittee on Digital Assets.

The GENIUS Act, supported by Sen. Cynthia Lummis and other senators, aims to establish a federal stablecoin payment regime .