BITPRISMIA
Wall Street bankers and consumer advocates are calling for revisions to the GENIUS Act, a stablecoin law, arguing it bypasses state licensing and oversight, with broader crypto market regulation still pending.
Andreessen Horowitz (a16z) advocates for clearer digital asset regulation, particularly opposing the ambiguous 'ancillary asset' definition in the CLARITY Act and supporting a 'digital commodity' framework for better investor protection and innovation.
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A survey of South Korean investors reveals that progress on U.S. crypto legislation is the primary driver behind the recent XRP rally, with 34% of respondents citing it as the key factor.
The U.S. House is poised to pass key crypto legislation, including the GENIUS Act, a market structure bill, and a CBDC bill, marking a pivotal moment for digital asset regulation in the United States.
The U.S. House of Representatives faced procedural delays in advancing its 'Crypto Week' agenda, including key crypto-related bills, due to opposition from the House Freedom Caucus and unresolved legislative negotiations.
Senator Amy Klobuchar emphasizes the need for collaboration between the Senate Agriculture and Banking Committees to establish a comprehensive regulatory framework for crypto markets, despite procedural delays and differing committee progress.
The House of Representatives' Clarity Act aims to establish rules for U.S. crypto markets, but industry insiders anticipate challenges in the Senate, where differing approaches may emerge.
The U.S. House of Representatives is preparing to vote on key crypto-related bills, including the Digital Asset Market Clarity Act and the GENIUS Act, which could significantly advance crypto regulation and stablecoin oversight.