In a decisive move for the future of Bitcoin and Crypto in the United States, the House of Representatives officially passed the law of guidance and the establishment of the national innovation of the Stablecoins Law (Genius) and the Central Bank of Central Currency Law (CBDC). Both projects are supported by President Donald Trump, Treasury Secretary, Scott Besent, and the Genius Act is now to the President’s office for its signature, while the CBDC Anti -Act is heading to the Senate.
The genius law sets a regulatory framework for Stablecoin, which requires them to support coins with reserves and compliance with strict supervision. It is welcomed as a strategic batch to unify the United States as a numb -based digital asset.
At the same time, the House of Representatives also passed the CBDC Acts, which prohibits the Federal Reserve to issue a digital currency for the US Central Bank. The draft law reflects the increasing concerns about the risks of monitoring and the possibility of bypassing the government that can be formed by CBDCS. Republican lawmakers and coding preachers have long warned of the implementation of the digital dollar, which could threaten personal privacy and financial independence.
The approval of the genius law in the House of Representatives and the Senate is particularly noticeable for its partisan support and strategic effects. With the support of the Trump administration, the draft law refers to a supportive position on the highest levels of government. The support of Treasury Secretary Scott Beesen enhances the administration’s commitment to reforming digital assets.
While the genius law focuses on stablecoins, it creates an organizational clarity that can pave the way for bitcoin and encryption. Meanwhile, CBDC refuses to manage the state removes what many people see as a direct competitor to decentralized currencies such as bitcoin.
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