House Begins Debate on Three Major Crypto Bills Amidst Political Tensions
The US House of Representatives has initiated deliberations on three significant cryptocurrency bills: the Anti-CBDC Surveillance State Act, the CLARITY Act, and the GENIUS Act. These bills address central bank digital currencies, regulatory clarity for digital assets, and stablecoin frameworks, respectively. The proceedings have already sparked intense debates, with Democrats such as Rep. Maxine Waters and Rep. Jim McGovern criticizing the bills for allegedly favoring Trump-linked crypto ventures and wealthy investors over consumer protections. Meanwhile, US regulators have issued joint guidance warning banks about the legal and operational risks associated with crypto custody services.
This week marks a pivotal moment for US crypto…
