The US House of Representatives has passed a vote to advance significant crypto legislation including the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance Act. The CLARITY Act will create a regulatory framework for digital commodities like Bitcoin. The Anti-CBDC Act seeks to prevent the Federal Reserve from issuing a central bank digital currency due to financial surveillance concerns. Additionally, the GENIUS Act aims to regulate stablecoins, but has faced opposition within the Republican party. President Trump indicated strong support for the GENIUS Act, suggesting it will pass soon.
The CLARITY Act (H.R. 3633) would establish a clear regulatory framework for digital commodities by dividing oversight between the SEC and the CFTC.
The Anti-CBDC Act (H.R. 1919) aims to prohibit the Federal Reserve from issuing a central bank digital currency, citing concerns over financial surveillance.
The GENIUS Act (S. 1582) focuses on regulating stablecoins, which President Donald Trump has praised, despite opposition from some Republicans.
Representative Marjorie Taylor Greene expressed concerns, stating, 'The only way to guarantee a ban on a central bank digital currency is through law.'
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