House Republicans Prepare Three Major Crypto Bills For July 14-18
- House Republicans plan to advance three important crypto bills – the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act
- These crypto bills together can bring in huge changes and reshape regulatory frameworks
- Over $100 million was spent by crypto industry lobbyists pushing for coordinated policy on stablecoins and market structure
July 14-18 is set to be a massive week for crypto, as House Republicans plan to advance three important crypto bills – the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act.
The CLARITY Act establishes the CFTC (Commodity Futures Trading Commission) and not the SEC as the primary regulator for digital commodities. Under it, exchanges will be required to register, segregate customer assets, improve disclosures, and clarify jurisdictional boundaries.
Anti‑CBDC Surveillance State Act seeks to prohibit the issuance of a US retail Central Bank Digital Currency (CBDC) to protect financial privacy.
GENIUS Act is basically a stablecoin framework requiring 1:1 backing, monthly audits, and AML (Anti-Money Laundering) compliance.
All of this is rather big news for the crypto industry, with some signif…
The post House Republicans Prepare Three Major Crypto Bills For July 14-18 appeared first on Coin Edition.
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House Republicans Prepare Three Major Crypto Bills For July 14-18
- House Republicans plan to advance three important crypto bills – the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act
- These crypto bills together can bring in huge changes and reshape regulatory frameworks
- Over $100 million was spent by crypto industry lobbyists pushing for coordinated policy on stablecoins and market structure
July 14-18 is set to be a massive week for crypto, as House Republicans plan to advance three important crypto bills – the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act.
The CLARITY Act establishes the CFTC (Commodity Futures Trading Commission) and not the SEC as the primary regulator for digital commodities. Under it, exchanges will be required to register, segregate customer assets, improve disclosures, and clarify jurisdictional boundaries.
Anti‑CBDC Surveillance State Act seeks to prohibit the issuance of a US retail Central Bank Digital Currency (CBDC) to protect financial privacy.
GENIUS Act is basically a stablecoin framework requiring 1:1 backing, monthly audits, and AML (Anti-Money Laundering) compliance.
All of this is rather big news for the crypto industry, with some signif…
The post House Republicans Prepare Three Major Crypto Bills For July 14-18 appeared first on Coin Edition.
Read More
Decisions Made in Washington This ‘Crypto Week’ to Directly Affect Your Crypto Wallet