This week, the U.S. Congress is in (Crypto Week). They call it (Crypto Week) because there are a series of crucial meetings and votes that could change the future of crypto in America.. and even for us.
🧾 What are these three laws?
1. Clarity Act – Regulatory Clarity Act
This relates to clearly and explicitly regulating the crypto market, defining the roles of the SEC and CFTC, and granting some cryptocurrencies (based on integrated blockchains) exemptions from old securities laws.
📌 Opponents like Senator Elizabeth Warren argue that this law will allow companies to circumvent American securities laws.
2. GENIUS Act – Stablecoin Regulation Act
This defines what types of entities are allowed to issue stablecoins, requiring a 1:1 reserve in dollars or liquid assets.
⚠️ Some warn that the law could cause problems in the American financial system if not applied carefully.
3. Anti-CBDC Surveillance State Act – Anti-Digital Dollar Act
This law prevents the American Central Bank (Federal Reserve) from issuing a CBDC (official digital dollar), and confirms that only Congress has the authority to issue a digital currency, in order to protect the financial privacy of citizens.
Wow! They are concerned about people's privacy.. in the end, it is CBDC which means (digital slavery) anyway, never mind.. people want to become slaves, fine by them.. let's continue..
🔒 The main goal of this law (its noble aim.. Noble Shail) is to prevent government surveillance on personal expenses.
🎯 So.. why are these laws important for the crypto market?
Because if these laws are passed, there will be a clear legal framework within the U.S. that helps in the wider adoption of crypto. Also, the market will move based on the voting results. That means:
✔️ If passed → it will be considered a positive signal
❌ If they reject them → there could be pressure on the market (negative)