U.S. House officially approves CLARITY, GENIUS, and Anti-CBDC Acts
The post U.S. House officially approves CLARITY, GENIUS, and Anti-CBDC Acts appeared on BitcoinEthereumNews.com. The House passed three major crypto bills on Thursday, locking in a rare legislative win for the industry. In what’s now the biggest regulatory overhaul for crypto so far, lawmakers voted on the GENIUS Act, the CLARITY Act, and the CBDC Anti-Surveillance State Act. The votes came after months of lobbying and internal fights between Democrats over how to approach crypto regulation heading into 2025. The GENIUS Act, which had already cleared the Senate, got a final vote of 308-122 in the House. That bill sets rules for stablecoins and is now headed straight to President Donald Trump’s desk. More than 100 Democrats backed the bill, including Minority Leader Hakeem Jeffries, joining most Republicans in a rare moment of bipartisan agreement. The goal is to treat crypto more like real money, giving companies the regulatory clarity they’ve been demanding for years. House sends GENIUS and CLARITY bills to Trump Right after that, the House passed the CLARITY Act with a 294-134 vote. This bill is much broader, outlining how crypto firms should register, disclose information, and follow financial rules across different agencies. Seventy-eight Democrats crossed over to back the legislation alongside Republicans. Nancy Pelosi and Pete Aguilar both voted in favor, but Jeffries didn’t. He rejected the CLARITY Act, even though he had supported GENIUS minutes earlier. There was pushback. Maxine Waters, top Democrat on the House Financial Services Committee, warned the bills could trigger financial instability and give President Trump a chance to exploit gaps in the system. She said the crypto-friendly rules could “enable corruption,” and questioned whether any of it was designed to protect the economy at all. The Anti-CBDC Surveillance State Act was also passed. That bill blocks the Federal Reserve from creating or piloting any kind of central bank digital currency (CBDC) unless Congress gives…
The post U.S. House officially approves CLARITY, GENIUS, and Anti-CBDC Acts appeared on BitcoinEthereumNews.com.
The House passed three major crypto bills on Thursday, locking in a rare legislative win for the industry. In what’s now the biggest regulatory overhaul for crypto so far, lawmakers voted on the GENIUS Act, the CLARITY Act, and the CBDC Anti-Surveillance State Act. The votes came after months of lobbying and internal fights between Democrats over how to approach crypto regulation heading into 2025. The GENIUS Act, which had already cleared the Senate, got a final vote of 308-122 in the House. That bill sets rules for stablecoins and is now headed straight to President Donald Trump’s desk. More than 100 Democrats backed the bill, including Minority Leader Hakeem Jeffries, joining most Republicans in a rare moment of bipartisan agreement. The goal is to treat crypto more like real money, giving companies the regulatory clarity they’ve been demanding for years. House sends GENIUS and CLARITY bills to Trump Right after that, the House passed the CLARITY Act with a 294-134 vote. This bill is much broader, outlining how crypto firms should register, disclose information, and follow financial rules across different agencies. Seventy-eight Democrats crossed over to back the legislation alongside Republicans. Nancy Pelosi and Pete Aguilar both voted in favor, but Jeffries didn’t. He rejected the CLARITY Act, even though he had supported GENIUS minutes earlier. There was pushback. Maxine Waters, top Democrat on the House Financial Services Committee, warned the bills could trigger financial instability and give President Trump a chance to exploit gaps in the system. She said the crypto-friendly rules could “enable corruption,” and questioned whether any of it was designed to protect the economy at all. The Anti-CBDC Surveillance State Act was also passed. That bill blocks the Federal Reserve from creating or piloting any kind of central bank digital currency (CBDC) unless Congress gives…
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