All articles tagged with #crypto bills
The U.S. House of Representatives approved three significant crypto bills—the CLARITY Act, GENIUS stablecoin bill, and Anti-CBDC Surveillance State Act—potentially reshaping digital asset regulation, with the bills now heading to the Senate and possibly to President Trump for signature, amid ongoing negotiations and concerns about underregulation and financial stability.
Amidst legislative gridlock in the US Congress, President Trump has stepped in to rally support for key crypto bills, including the GENIUS Act, which could bring clarity to the digital asset industry. Despite support from some lawmakers, the bills face opposition and procedural delays, impacting Bitcoin and Ethereum prices, which remain volatile but show signs of resilience. The outcome of these legislative efforts could influence future crypto innovation and regulation.
President Trump announced a deal with most House Republicans to support the procedural rule for considering three cryptocurrency bills, including the GENIUS Act, which aims to regulate stablecoins and potentially advance crypto legislation in the House.
The United States government is heading towards a potential partial shutdown starting on October 1, as the House of Representatives rejected a bill passed by the Senate aimed at funding the government. If a shutdown occurs, crypto-focused bills will be halted, and financial regulators like the SEC and CFTC will operate with limited capabilities. Congressional priorities may shift away from crypto to other issues arising during the shutdown, and distractions are expected as the 2024 elections approach. The longer the shutdown, the less time Congress will have to vote on critical legislation, including stablecoins and market structure proposals.