This week, the U.S. Congress is preparing to vote on three key cryptocurrency bills: GENIUS, CLARITY, and Anti-CBDC. After overcoming initial challenges, leaders are confident that all three bills will pass.
Preparation for Crypto Bill Votes
The U.S. Congress is set to vote on three important cryptocurrency legislation: the GENIUS Act, CLARITY Act, and Anti-CBDC bill. Representative French Hill reported that there is now enough support in the House to pass them. The votes follow a temporary setback due to GOP holdouts and united Democratic opposition.
Trump's Role in Reviving Negotiations
Donald Trump played a key role in reviving negotiations by securing commitments from 11 GOP holdouts who were previously hesitant to vote. His discussions led to renewed agreement among House Republicans to move forward with the GENIUS Act vote on Wednesday. Speaker Mike Johnson and House Majority Whip Tom Emmer are coordinating the updated voting sequence.
Overview of GENIUS, CLARITY, and Anti-CBDC Bills
The GENIUS Act, already passed by the Senate, focuses on regulating stablecoins backed by the U.S. dollar. Meanwhile, the CLARITY Act aims to define the regulatory roles of the SEC and CFTC in the digital asset markets. Additionally, the Anti-CBDC Act prohibits the Federal Reserve from issuing a central bank digital currency without Congressional approval. Lawmakers from both parties are expected to support this bill, reflecting concerns about privacy and government overreach.
The upcoming votes on the GENIUS, CLARITY, and Anti-CBDC bills in the U.S. Congress remain a focal point as lawmakers continue discussions and finalize the voting sequence. Leaders assert that clear regulatory frameworks will encourage responsible growth in the U.S. crypto market.
