U.S. "Crypto Week" Spurs Regulatory Clarity with Three Key Bills
Washington takes center stage as policymakers advance three landmark bills during "Crypto Week," potentially unlocking trillions in digital asset value. The legislative push marks a pivotal moment for regulatory certainty in the United States.
The CLARITY Act draws the brightest line yet between securities and commodities, resolving longstanding jurisdictional disputes between the SEC and CFTC. Market participants await definitive guidance on which assets fall under securities regulations.
Stablecoins gain formal recognition through the GENIUS Act, which mandates full reserve backing and extends anti-money laundering requirements. The Senate-approved bill creates a federal framework for dollar-pegged tokens that could accelerate institutional adoption.
Central bank digital currencies face opposition through the Anti-CBDC Surveillance State Act, reflecting growing concerns about government overreach in monetary technology. The proposed legislation WOULD prohibit the Federal Reserve from issuing a retail CBDC.