GENIUS Act May Be Tied to CLARITY Bill To Get Passed In the U.S House
The U.S. Senate has passed the GENIUS Act, marking a pivotal moment for cryptocurrency regulation. With a 51–23 vote, the bill now moves to the House of Representatives, where its fate may hinge on alignment with the CLARITY Act. Together, these bills could establish a comprehensive regulatory framework for digital assets.
House Majority Whip Tom Emmer advocates for combining the GENIUS Act with the CLARITY Act, arguing this approach would provide much-needed clarity for the crypto industry. The CLARITY Act, already approved by the House Financial Services Committee, seeks to define how digital assets are classified and regulated.
This legislative push comes as the U.S. grapples with how to oversee the rapidly evolving cryptocurrency market. The outcome could set precedents for how Bitcoin, Ethereum, and other digital assets are treated under federal law.