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Crypto Week Sparks Regulatory Debate in Congress Amid Democratic Pushback
Crypto Week Sparks Regulatory Debate in Congress Amid Democratic Pushback
22
2
BTCCSquare news:
The House Rules Committee has greenlit four pivotal crypto bills for debate, marking the start of what's being dubbed 'Crypto Week' on Capitol Hill. The legislative push includes the Digital Asset Market Clarity Act, which seeks to delineate regulatory authority between the SEC and CFTC, and the controversial GENIUS Act, already passed by the Senate but facing mounting opposition.
Rep. Maxine Waters leads Democratic resistance, warning of financial instability and national security risks. Meanwhile, the Anti-CBDC Surveillance State Act aims to block the creation of a U.S. central bank digital currency, reflecting growing partisan divides over crypto's future in America.
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