$XRP Cryptocurrency legislation is advancing in the U.S., but investors remain cautious

Last week, President Donald Trump signed the U.S. GENIUS Act, establishing a federal regulatory framework for stablecoins.

The law requires stablecoin issuers to maintain reserves in liquid assets, including dollars or treasury bonds, and to provide monthly reports.

This step is seen as a significant milestone towards the legitimization of stablecoins, a sector currently valued at over $260 billion, and a more complete integration of them into the financial system.

In addition to the GENIUS Act, the House of Representatives passed two other key bills.

The CLARITY Act aims to determine whether digital tokens fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).

The second, the Anti-CBDC Surveillance State Act, prohibits the Federal Reserve from issuing central bank digital currency without explicit approval from Congress.