For the first time in the US, clear laws regarding digital assets have been introduced, significantly changing the rules for their use and regulation. The GENIUS Act and Clarity Act aim to simplify and structure the market while protecting consumers.
GENIUS Act Liquidity Provisions
The GENIUS Act imposes strict requirements on stablecoins, mandating 1:1 backing by highly liquid assets, such as dollar reserves. The law prohibits interest payments for holding stablecoins, emphasizing the separation of income and liquidity.
Clarity Act Structure for Digital Assets
The Clarity Act defines digital commodities and investment contracts, allowing developers to clearly separate utility tokens from profit-driven schemes. This simplifies compliance and enhances legal protection for product development.
Prospects and Outcomes of New Laws
The new laws are expected to create a predictable legal environment that promotes capital attraction and innovation development in the crypto industry. Experts generally view this step positively, underscoring its ability to establish clear boundaries between different layers of liquidity and yield.
The new legislative acts represent an important step towards simplifying the regulation of digital assets in the US. This clarity may encourage innovation and consumer protection in the rapidly evolving world of cryptocurrencies.
