The United States has declared 'Crypto Week', during which three key bills concerning cryptocurrency regulation will be discussed.
New Laws to Regulate Cryptocurrencies
The House Financial Services Committee has announced initiatives including the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act, aimed at ensuring consumer and investor safety in the cryptocurrency sector. French Hill, the committee chairman, highlighted the U.S. ambition to sustain its leading roles in cryptocurrency-related innovations.
Steps Against CBDC Implementation
The Anti-CBDC Surveillance State Act is aimed at preventing the issuance of cryptocurrencies directly by central banks, focusing on protecting the privacy of American financial information. Some lawmakers express concerns about increased government surveillance related to centralized cryptocurrencies.
Approval of Cryptocurrency Laws
Emphasizing collaboration between the Financial Services and Agriculture Committees, lawmakers are discussing the creation of regulatory frameworks by the end of September. These efforts aim to establish a reliable and regulated environment for the U.S. cryptocurrency market.
U.S. regulatory efforts concerning digital assets carry significant implications for the future of financial markets, and their outcomes could influence the international landscape.
