US Congress Advances Landmark Crypto and Stablecoin Legislation

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Source: Financial Times
US Congress Advances Landmark Crypto and Stablecoin Legislation
Photo: Financial Times
TL;DR Summary

The US House of Representatives has passed landmark legislation, including the Genius Act to regulate stablecoins and the Clarity Act to classify assets as securities, signaling a significant move towards formalizing cryptocurrency regulation and enabling banks to participate in digital assets, with the bills now heading to President Trump's desk for approval.

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