The three laws that will define "cryptocurrency week" in the US
Clarity Law
The first of the proposed measures "would establish a comprehensive market framework, clarifying which digital assets are securities and which are commodities, and defining operational standards for trading platforms," according to analysts at XTB.
Anti-CBDC Law
The second initiative would hinder the development of a potential rival such as the digital dollar. XTB assesses that this law "would prohibit the Federal Reserve from issuing a centrally controlled digital dollar, citing concerns about privacy."
Genius Law
The third legislative proposal aims to provide an additional boost to stable cryptocurrencies, known as stablecoins. XTV explains that "the Genius Law focuses on payment stablecoins, requiring a full backing of 1:1 assets, solid capital standards and transparency, and federal oversight, effectively transforming them into legally recognized and fully collateralized digital dollars."
Everyone attentive to the week of more cryptos
