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US Passes Cryptocurrency Laws: Implications for the Economy

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by Giorgi Kostiuk

3 hours ago


The US Congress has made a significant step in the cryptocurrency space by passing three bills that could impact the future of digital assets and economic policy.

Three New Cryptocurrency Bills

Yesterday, the US Congress approved three legislative acts in the cryptocurrency sector: the 'Clarity Act', the 'GENIUS Act', and the 'Anti-CBDC Surveillance State Act'. These documents are now awaiting President Donald Trump's signature.

Expert Reactions and Comments

Treasury Counselor Joe Lavorgna commented on the passing of the laws, stating that they clarify the standing of digital assets while strengthening the US dollar's position as a reserve currency. 'These laws represent a turning point not only for crypto assets but also for the broader American economy,' he said. Lavorgna also highlighted that the 'Anti-CBDC Surveillance State Act' is crucial for protecting individual financial freedoms.

Economic Implications and Market Impact

Lavorgna emphasized that the new regulatory framework will make the US a global center for attracting capital and technology development. He also commented on current economic data, pointing to the $27 billion budget surplus in June and the S&P 500 reaching record levels. 'All these developments show that the Trump administration's economic policies are working.'

The enacted laws may significantly impact the future of cryptocurrency and the economic landscape in the US, promoting a trend towards greater clarity and integration in this sector.

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