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Last week, President Donald Trump signed the US GENIUS Act, which establishes a federal regulatory framework for stablecoins.
The law requires stablecoin issuers to hold reserves in liquid assets, including dollars or Treasury bonds, and to make monthly disclosures.
This move is seen as an important step towards legitimizing the stablecoin sector, which currently has a value of over 260 billion dollars, and further integrating them into the financial system.
In addition to the GENIUS Act, the House of Representatives approved two more important bills.
The CLARITY Act aims to define whether digital tokens fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).
The second one, the Anti-CBDC Surveillance State Act, prohibits the Federal Reserve from issuing central bank digital currency without explicit approval from Congress.
These three bills indicate a unified effort to reshape US cryptocurrency regulations during "crypto week."
Despite the legal momentum, investors continue to remain cautious. The GENIUS Act requires comprehensive rule-making by the Treasury Department for it to be fully implemented. This process may take several months.
Additionally, the Senate has not yet addressed the two bills that passed the House of Representatives. This leaves the broader regulatory landscape uncertain #Trump Pressures Powell# .