U.S. House Passes GENIUS Act, First Federal Crypto Law - CVJ.AI

00:47 18.07.2025 robbob

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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.

📎 Read the original article on coincodecap.com

Related Tags: Commodity Futures Trading Commission (CFTC) Federal ReserveSEC

Other Tags: CBDC, Digital Assets, U.S. House of Representatives

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