This week, the US Congress began discussions on three significant legislative initiatives concerning cryptocurrency regulation. These bills have been the subject of intense debate.
Key Cryptocurrency Bills
The US House of Representatives is considering three primary bills: the Anti-CBDC Surveillance State Act, the CLARITY Act, and the GENIUS Act. These initiatives address central bank digital currencies, digital asset regulation, and stablecoin frameworks. Given the tight schedule, votes on these bills could occur before the summer recess.
Criticism from Democrats
Among the most prominent moments in the debate was criticism from Democrats. Representative Maxine Waters sharply criticized the bills, noting that they benefit only wealthy investors and Trump-affiliated ventures, rather than ordinary consumers. She proposed an amendment banning government officials from holding cryptocurrencies.
Regulators Warn on Crypto Custody
Meanwhile, three major US regulators—the FDIC, OCC, and Federal Reserve—issued joint guidance outlining key risks associated with crypto asset custody. The document does not introduce new rules but emphasizes the importance of legal and compliance considerations.
The discussion on cryptocurrency regulation in the US continues to provoke active debate in Congress, depending on bipartisan support to reach meaningful decisions.
