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US Lawmakers Drive Major Legislation for Digital Assets Regulation
US Lawmakers Drive Major Legislation for Digital Assets Regulation
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BTCCSquare news:
The U.S. House of Representatives has passed three pivotal bills during 'Crypto Week,' marking a significant step toward establishing a regulatory framework for digital assets. The GENIUS Act, approved with a 206-102 vote, targets the $250 billion stablecoin market, emphasizing consumer protection and transparency. This legislation, awaiting President Biden's signature, aims to resolve legal ambiguities and foster a safer crypto environment.
Alongside the GENIUS Act, the CLARITY Act seeks to provide clear guidelines for the broader digital asset market. These measures reflect growing institutional recognition of cryptocurrencies, though debates persist over their long-term impact on innovation and market dynamics.
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