"Crypto Week" in the U.S. sees lawmakers pushing for significant progress on crypto regulation. Three main bills are being discussed: CLARITY, GENIUS, and anti-digital dollar initiatives.
CLARITY Act
The **CLARITY Act**, introduced by Republican French Hill, aims to designate which government body will oversee crypto regulations. Hill's proposal suggests the Commodity Futures Trading Commission (CFTC) manage cryptocurrency transactions.
GENIUS Stablecoin Act
Discussions also highlight the **GENIUS Act**, passed by the Senate in June, focusing on dollar-pegged stablecoins. It aims to determine who can issue these tokens and requires issuers to maintain reserves matching their issued currency.
Anti-CBDC Act
The *Anti-CBDC Surveillance State Act*, led by Republican Tom Emmer, seeks to prevent the Federal Reserve from creating a digital dollar, asserting that only Congress should issue such a currency to protect individual privacy.
The proposed crypto regulations in the U.S. continue to spark active debates among lawmakers and experts while facing criticism and requiring further negotiation.
