White House Sets Crypto Law Deadline as Congress Advances GENIUS and CLARITY Acts
- Crypto laws, including GENIUS and CLARITY, are set for final action by September 30.
- Coinbase, FHFA, and lawmakers back major reforms for stablecoins and crypto markets.
- FHFA now allows cryptocurrency to count as mortgage assets, boosting real-world use.
The White House has also established a firm deadline for enacting crypto legislation, with the AI & Crypto Czar, David Sacks, indicating that the market structure bills will be completed by September 30. July will be a turning point, with the GENIUS Act set to reach the bill-signing phase, while CLARITY will head to the Senate.
Senate Banking Committee Chair Tim Scott and Digital Assets Subcommittee Chair Cynthia Lummis are spearheading the legislative effort with an…
