U.S. House of Representatives May Advance Three Key Pieces of Legislation During Crypto Week
According to ChainCatcher, citing The Block, U.S. Representative French Hill stated that the House of Representatives has enough votes to pass the GENIUS Stablecoin Act, the Digital Asset Market Structure Clarification Act, and a bill to restrict the Federal Reserve from issuing a CBDC. These three bills aim to establish a regulatory framework for digital assets, covering key aspects such as stablecoin reserve requirements and the division of regulatory responsibilities among institutions.
Former President Trump has previously expressed support for the GENIUS Act, which requires stablecoin issuers to maintain full reserves and mandates annual audits for major issuers. The Market Structure Act is designed to clarify the regulatory authority and responsibilities of the SEC and CFTC over cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Barrick Gold (ABGC.US) applies for U.S. IPO, aiming to raise up to 6 billion dollars
American Barrick Gold has submitted its initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC).
Japanese stocks closed up 1.31%
“Big Short” Burry dumps Caterpillar (CAT.US) put options after their value quadrupled, cutting his short position by 75%
After Michael Burry's put options on Caterpillar nearly quadrupled, he reduced his short position in Caterpillar.
Crypto prices
More
