In recent weeks, the US Congress has pushed through several crypto bills, including the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act. President Donald Trump has signed the GENIUS Act into law, while the other bills are awaiting Senate approval.
Overview of Current Bills
September 2025 is shaping up to be a significant month for crypto regulation in the US. Pending bills are expected to pass before the end of the month. A notable example is the GENIUS Act, which introduces the first federal regulatory framework for stablecoins.
GENIUS Act and Its Implications for Stablecoin Issuers
The GENIUS Act implements anti-money laundering measures and tightens controls on foreign issuers. Following its implementation, only banks and certain qualified fintech firms that meet the required standards will be eligible to issue stablecoins.
Future of Digital Asset Regulation
The CLARITY Act clarifies the market structure for digital assets and will enhance innovation in the crypto space. It will establish new asset categories and clarify regulatory oversight among agencies. Additionally, the Anti-CBDC Surveillance State Act aims to prohibit the Federal Reserve from issuing digital currency without Congressional authorization.
In conclusion, the laws being enacted in the US are poised to have a significant impact on the future of cryptocurrency regulation and the development of stablecoins. September will be a pivotal time for further initiatives in this area.
