Crypto Week Was A Win: What’s Next?
The US Congress has passed the GENIUS Act, a stablecoin bill, sending it to President Trump for signature. The act mandates strict reserve requirements for stablecoin issuers and will take effect 18 months post-signature or 120 days after final regulations are published. The House also approved the CLARITY Act, which aims to exempt certain digital commodities from the Securities Act and shift regulatory oversight from the SEC to the CFTC. Additionally, the Anti-CBDC Surveillance State Act, which seeks to prevent the Federal Reserve from issuing a central bank digital currency, was passed. The Senate will review these bills, with potential for amendments. The crypto industry expresses optimism about these developments, viewing them as steps toward integrating crypto into the US financial system.
