US Crypto Week Delivers Landmark Regulatory Shift With GENIUS, CLARITY, and Anti-CBDC Acts
This week will go down in US crypto history. The U.S. House passed three major bills, GENIUS, Clarity, and Anti-CBDC, shaping the next chapter of American crypto regulation. This will lead to big implications. With billions in lobbying, stablecoins, regulatory wars, and digital dollar fears were front and center. The GENIUS Act is nearly law,.. The post US Crypto Week Delivers Landmark Regulatory Shift With GENIUS, CLARITY, and Anti-CBDC Acts appeared first on 99Bitcoins.
This week will go down in US crypto history. The U.S. House passed three major bills, GENIUS, Clarity, and Anti-CBDC, shaping the next chapter of American crypto regulation. This will lead to big implications.
With billions in lobbying, stablecoins, regulatory wars, and digital dollar fears were front and center. The GENIUS Act is nearly law, while the CLARITY and Anti-CBDC Acts are in Senate limbo. Now, it’s a race against time and politics.
GENIUS Act Passes, Awaiting Trump’s Signature
The GENIUS Act, short for “Guiding and Establishing National Innovation for U.S. Stablecoin”, is the first major U.S. federal legislation to directly regulate stablecoins. All kinds of strict rules will apply from reserve mandates, AML rules, to mandatory transparency for issuers.
The goal is to make stablecoins safe and compliant without killing innovation. The House passed it with a divisive 308-122 vote.
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