#BREAKING
📢📢 US House Passes Three Landmark Cryptocurrency Bills 🪙
The US House of Representatives on Thursday passed three landmark cryptocurrency bills, fulfilling the Trump administration’s commitment to the once-controversial industry.
Lawmakers easily approved the CLARITY Act, which aims to establish a clearer regulatory framework for cryptocurrencies and other digital assets.
The bill is designed to clarify industry rules and divide regulatory authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
It will now advance to the Senate, where Republicans hold a slim majority.
House legislators also readily passed the GENIUS Act, which codifies the use of stablecoins – cryptocurrencies pegged to stable assets like the US dollar or US bonds.
This bill is expected to go directly to President Trump for his signature to become law.
Notably, both the CLARITY Act and the GENIUS Act garnered significant bipartisan support, with Democrats also having seen an increase in lobbying and contributions from the crypto industry.
#GENIUSAct #AltcoinBreakout #TrumpCryptoSupport #StablecoinLaw
