U.S. House Passes Landmark Stablecoin Regulation Bill
U.S. House Passes Landmark Stablecoin Regulation Bill

U.S. House Passes Landmark Stablecoin Regulation Bill

News summary

The U.S. House of Representatives has passed several key cryptocurrency bills, including the GENIUS Act, which establishes regulatory guardrails for stablecoins tied to the U.S. dollar, marking a significant step toward federal crypto regulation. These bills aim to boost consumer protection, provide clearer market oversight, and support U.S. competitiveness in the global digital asset economy. The GENIUS Act, which has bipartisan Senate approval, will soon be sent to President Donald Trump for signing, who has prioritized advancing crypto legislation to position the U.S. as the 'crypto capital of the world.' Despite internal Republican disagreements that briefly stalled the legislation, leadership negotiated separate votes on the bills, allowing the stablecoin bill and others to pass. Additional legislation includes measures to regulate broader cryptocurrency market structures and prohibit the Federal Reserve from issuing a central bank digital currency, reflecting concerns over financial surveillance. The passage of these measures signals growing legitimacy and institutional support for the cryptocurrency sector amid ongoing debates on how best to regulate digital assets.

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