Crypto, House Republican and regulation bills
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President Trump said the crypto industry was once “mocked and dismissed and counted out,” but now could become a big buyer of U.S. government debt.
The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.
Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.
As GENIUS Act passes, regulatory paths stabilize across jurisdictions and digital assets may find stronger footing for long-term planning.
US House passes CLARITY Act, bringing much-needed structure to the fragmented digital asset ecosystem and clarifying roles of SEC and CFTC.
United States Congressional lawmakers debate key pieces of crypto regulatory bills on the floor of the House of Representatives.
GENIUS Act has been signed into law by President Trump, establishing federal oversight for stablecoins with 1:1 reserve backing requirements.
A Republican clash over a CBDC ban momentarily delayed the industry's two legislative priorities, but the House is planning a long evening to make up for it.