US Lawmakers Drive Major Legislation for Digital Assets Regulation
2025-07-19 12:05:26
Main Idea
The U.S. House of Representatives has passed three significant legislative bills aimed at regulating digital assets, including the GENIUS Act for stablecoins, the CLARITY Act for digital asset markets, and the Anti-CBDC Act to prohibit the issuance of a U.S. central bank digital currency.
Key Points
1. The GENIUS Act, passed with a vote of 206 to 102, is the first comprehensive legislative framework targeting the $250 billion stablecoin market.
2. The CLARITY Act is designed to provide a clear and actionable regulatory framework for the digital asset and cryptocurrency market, enhancing transparency and predictability.
3. The Anti-CBDC Act aims to prohibit the U.S. Federal Reserve from issuing a digital currency and prevent banks from engaging in transactions with CBDCs.
4. Republican Senator Josh Hawley opposes the GENIUS Act, citing concerns over lack of regulatory oversight and privileges to tech giants.
5. All three bills have been sent to the Senate for further consideration, with their broader market impact remaining a subject of interest.
Description
The US passed three bills to regulate digital assets including stablecoins and CBDCs. GENIUS Act focuses on stablecoin consumer protection and transparency. Continue Reading: US Lawmakers Drive Major Legislation for Digital Assets Regulation The post US Lawmakers Drive Major Legislation for Digital Assets Regulation appeared first on COINTURK NEWS .
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