🏛️ Congress Pushes Forward on Crypto Legislation
In a milestone week for the cryptocurrency sector, the U.S. House of Representatives passed three major bills aimed at shaping the future of digital assets. Among them, the GENIUS Act, which introduces federal oversight of stablecoins, is now on its way to President Donald Trump for final approval. The other two bills—one defining digital asset market structure and another banning a U.S. central bank digital currency (CBDC)—will now head to the Senate for consideration.
đź’µ GENIUS Act Sets New Federal Standards for Stablecoins
The Guarding the Economy with Neutral and Independent Stablecoins (GENIUS) Act received broad bipartisan support and cleared both the House and Senate with relative ease. Designed to bring regulatory clarity to the fast-growing stablecoin market, the bill mandates full reserve backing, transparency in operations, and federal oversight for issuers. If signed, this will be the first major stablecoin regulation in U.S. history.
⚖️ Crypto Market Structure and CBDC Ban Await Senate Review
Alongside the GENIUS Act, the House advanced two additional crypto-related bills. The first proposes a market structure framework, dividing regulatory duties between the SEC and CFTC while providing token classification guidance. The second seeks to prohibit the issuance of a Federal Reserve-backed CBDC, citing privacy and surveillance concerns. Both bills now await deliberation in the Senate.
🚀 A Turning Point for U.S. Crypto Policy
This legislative momentum underscores the growing urgency in Washington to regulate digital assets. With the GENIUS Act nearing enactment and two other bills gaining traction, 2025 could be the year of regulatory clarity for the U.S. crypto market. Industry stakeholders and investors alike are watching closely as the Senate weighs its next move.
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