U.S. Cryptocurrency Bill Implementation, Crypto Circle Welcomes New Compliance Signals
Attention everyone! The U.S. House of Representatives passed three major cryptocurrency bills on July 17, accelerating the compliance process in the crypto space!
Key Highlights of the Core Bills:
• The "Genius Act": Passed by both chambers and awaiting signature, it establishes a regulatory framework for stablecoins and clarifies compliance requirements for issuers, setting the tone for global stablecoin rules.
• The "CLARITY Act": Defines the regulatory responsibilities of the SEC and CFTC, finally providing clear answers on "who governs digital assets and how."
• The "Anti-CBDC Act": Prohibits the Federal Reserve from directly issuing digital dollars and providing services to individuals, sparking discussions in the industry about central bank digital currencies.
Market Impact:
The implementation of the regulatory framework will reduce industry uncertainty, and compliant projects may welcome developmental dividends, potentially boosting market confidence in the short term. However, non-compliant projects will be accelerated out, and investors need to pay more attention to the compliance qualifications of projects.
U.S. lawmakers call this a "key step in the Web3 race." Do you think this wave of policies is an opportunity or a challenge for the crypto circle? Let's discuss your views in the comments!