Latest Breakthrough in US Crypto Week: Three Major Bills Passed by the House
GENIUS Stablecoin Act: Establishes a comprehensive regulatory framework for dollar-pegged stablecoins, including reserve requirements and monthly disclosures; the bill was passed by the House with 308 votes in favor and 122 against, and is currently submitted to the President for signing.
Digital Asset Clarity Act: Clarifies the regulatory boundaries between the SEC and CFTC, defines the ownership of digital assets, and helps eliminate long-standing regulatory uncertainty.
Anti-CBDC Surveillance State Act: Restricts the Federal Reserve from issuing CBDCs that may pose surveillance risks, with support from Republicans and some Democrats.
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