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Bipartisan Bills Set Rules for Cryptocurrency. Will Digital Money Go Mainstream?
UNITED STATES, JUL 18 – The legislation establishes clear rules for stablecoins, bans a Federal Reserve digital currency, and passed the House 308-122, signaling growing institutional interest in crypto regulation.
- On July 17, the U.S. House passed three digital assets bills, including stablecoin regulation and a ban on the Federal Reserve issuing its own digital currency.
- Amid calls for regulatory clarity, Rep. Dusty Johnson introduced the GENIUS and CLARITY Acts, backed by Chairman French Hill and Chairman G.T. Thompson, as part of efforts to overhaul digital asset rules.
- JPMorgan forecasts the market could double by 2028, Visa data show 91% of stablecoin transactions involve trading other cryptocurrencies, and Bank of America signaled plans to issue stablecoins.
- Following House approval, the bills now head to the Senate while President Trump is expected to sign the GENIUS Act soon.
- In the long term, measures aim to boost industry legitimacy, potentially spurring institutional investments and developer activity, and positioning the U.S. as a leader in digital asset innovation.
29 Articles
29 Articles
House Closes Crypto Week with Three Bills
Crypto week wrapped up in the House of Representatives Thursday night with the passage of three bills establishing a regulatory framework for stablecoins. The GENIUS Act passed 308-122 with bipartisan support in the House. The GENIUS Act had already passed the Senate by a comfortable margin. The bill now heads to the President’s desk. The GENIUS Act will provide clear definitions for stablecoins, a type of crypto pegged to the value of anoth…
Hill calls passage of digital asset regulations ‘high point’ of his time in Congress | Northwest Arkansas Democrat-Gazette
WASHINGTON -- U.S. Rep. French Hill, R-Ark., was beaming as he left the House of Representatives chamber Thursday afternoon. After years of committee hearings and behind-the-scenes work -- plus a brief disruption from some House Republicans this week -- the House approved three measures aimed at establishing modern regulations for cryptocurrencies and other digital assets.
Iowans in U.S. House back three crypto-related bills - Radio Iowa
Iowa’s congressional delegation is hailing House passage of bills that establish a new set of federal rules for the cryptocurrency industry. Congressman Randy Feenstra, a Republican from Hull, said it’s about unlocking potential. “The increasing adoption of digital assets and the use of blockchain technologies can grow our economy and provide American families with a […]
SEC’s Atkins on Crypto Rules, Stablecoins, 401(k) Plans
US Securities and Exchange Commission Chairman Paul Atkins says the commission’s Crypto Task Forced is focused on making “clear rules” for cryptocurrencies following the passage of the first-ever federal legislation for stablecoins. Atkins also discusses the potential for private assets and alternative investments in 401(k) retirement plans and the independence of the SEC. (Source: Bloomberg)
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