This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The U.S. House of Representatives has passed the GENIUS Act, marking the first federal crypto law to reach the president’s desk. The bill, backed by strong bipartisan support, establishes a regulatory framework for stablecoins and clarifies oversight roles for financial agencies.
- The GENIUS Act mandates 100% reserves for stablecoin issuers and prohibits algorithmic stablecoins.
- A dual licensing model allows both state and federal regulators to oversee stablecoin issuers.
- The CLARITY Act defines jurisdictional boundaries between the CFTC and SEC for crypto oversight.
📎 Related coverage from: coincodecap.com
Other Tags: CBDC, Digital Assets, U.S. House of Representatives