The U.S. Congress has passed three key crypto bills, including the Clarity Act, GENIUS Act, and Anti-CBDC Act, marking an important step for cryptocurrency regulation.
Acceptability of Crypto Bills
All three bills were passed in a historic vote. The Clarity Act passed with a vote of 294 to 134, with 78 Democrats voting in favor. The GENIUS Act was approved with a vote of 308 to 122, with 102 Democrats supporting it. The Anti-CBDC Act passed with a close vote of 219 to 210, with only 2 Democrats voting in favor.
What's Next for Crypto Bills
After the successful passage of the three bills in the U.S. Congress, the GENIUS Act is set to be sent to President Donald Trump's desk for enactment on Friday afternoon. This bill previously received substantial support in the Senate. The Clarity Act and Anti-CBDC Act are now headed to the Senate for further scrutiny.
Expected Market Implications
The passage of these three bills creates new opportunities for widespread cryptocurrency adoption. An influx of institutional investment into the market, especially in the stablecoin sector, is expected with heightened legal confidence. Notable price fluctuations have already been observed: Bitcoin (BTC) has surged above $120.5k, while XRP, backed by Ripple, reached an all-time high of approximately $3.45.
The passage of these three key crypto bills in the U.S. Congress is a significant step in the regulation and further evolution of the cryptocurrency market.
