What the GENIUS Act could mean for crypto and other investors
The U.S. House of Representatives is expected to vote on the Guiding and Establishing National Innovation for U.S. Stablecoins, known as the GENIUS Act, this week as part of its self-dubbed “Crypto Week.”
The House will also consider two other crypto-related bills this week: The Digital Asset Market Clarity Act, which aims to regulate crypto by establishing roles for the Securities Exchange and Commodity Futures Trading Commissions in regulating digital tokens, and the Anti-CBDC Surveillance State Act, which would prevent the Federal Reserve from issuing a digital U.S. dollar.
The GENIUS Act passed the Senate in June with bipartisan support. House leaders expect to pass the GENIUS Act and send it to President Donald Trump’s desk.
“House…
