#USCryptoWeek
for digital assets are expected to pass the House and Senate this week.
These bills, #GENIUS and CLARITY,
contain the most significant regulations for the crypto market in US history.
🧠 GENIUS Bill:
A Roadmap for S
The GENIUS (Guaranteed Electronic Notes Issuance and Utilization Standards) bill focuses on stablecoins. The bill's primary goal is to ensure both the security and encourage the growth of US dollar-backed stablecoins.
What Does GENIUS Bring?
License and collateral requirements will be introduced for companies issuing stablecoins.
User funds will be secured through reserve requirements.
Domestic USD-backed stablecoins will be prioritized—incentives will be provided to compete with foreign-based currencies like Tether.
A regulatory framework focused on financial stability and consumer protection will be established.
This law aims to provide a clear legal basis supporting US-based stablecoin projects such as Circle, Paxos, and PayPal USD. It is also seen as a first step that could pave the way for the transition to a digital dollar.
⚖️ CLARITY Bill: An End to Legal Uncertainty in Markets
The CLARITY (Cryptocurrency Legal Accountability and Regulatory Transparency for Innovation and Trust) bill specifically clarifies the classification of cryptocurrencies and which institution will be responsible for which project.
What Will Change with CLARITY?
The CFTC (Commodity Futures Trading Commission) will become the primary regulatory body for the cryptocurrency market.
The SEC (Securities and Exchange Commission) will only deal with tokens that qualify as investment contracts.
Cryptocurrencies will be clearly divided into "digital commodities" and "securities."
The "regulation by enforcement" approach will end
Clarity and legal protection will be provided for entrepreneurship and innovation.
With CLARITY, the "SEC uncertainty" that crypto startups have experienced for years could end. This means relief for major projects like Ripple,
Coinbase, and Uniswap.
