US Congress Passes Landmark DeFi Legislation with GENIUS and CLARITY Acts

President TRUMP signed the GENIUS Act into law, marking a watershed moment for decentralized finance (DeFi) in the United States. The legislation establishes the first federal framework for stablecoin regulation, setting standards for reserve backing, consumer protection, and anti-money laundering compliance. Crucially, it carves out exemptions for non-custodial wallet providers and decentralized protocols.

Meanwhile, the House passed the CLARITY Act with amendments that safeguard DeFi builders. Key revisions reversed controversial language that WOULD have imposed registration requirements on core blockchain activities like publishing code or operating validator nodes. The final text now explicitly protects these functions, provided they don't involve custody of user assets.

These legislative victories come as institutional interest in crypto reaches new highs. Market participants interpret the regulatory clarity as a green light for further adoption of decentralized technologies. The DeFi Education Fund hailed the developments as 'foundational' for the next phase of blockchain innovation.