The Node: GENIUS, Clarity and a CBDC Ban

Key Points

1. The GENIUS Act aims to establish a regulatory framework for stablecoins, potentially becoming the first crypto-focused federal law.

2. The Clarity Act seeks to provide regulatory clarity for digital assets but currently lacks a Senate counterpart.

3. The Anti-CBDC Surveillance State Act proposes to prohibit the creation of a U.S. central bank digital currency, citing privacy concerns.

4. Industry experts suggest these legislative efforts could reduce regulatory ambiguity and support crypto companies operating in the U.S.

5. The article notes a shift in Washington's attitude toward crypto following political changes, including Donald Trump's re-election and Gary Gensler's departure from the SEC.