US Congress Considers Stablecoin, Crypto Market, and CBDC Bills

14 July, 2025, 02:30 AM

This week marks a pivotal moment for cryptocurrency regulation in the United States as Congress is slated to vote on several key pieces of legislation. According to Cointelegraph, the bills under consideration address crucial aspects of the digital asset landscape. First, the stablecoin regulation bill, known as GENIUS, aims to establish a framework for the issuance and oversight of stablecoins. This addresses concerns about their potential impact on financial stability. Second, the digital asset market structure bill, referred to as CLARITY, seeks to provide regulatory clarity for the broader cryptocurrency market. This bill is intended to define the roles and responsibilities of various entities involved in trading and custody of digital assets. Finally, a bill proposing a ban on Central Bank Digital Currencies (CBDCs) is also on the agenda. This reflects ongoing debates about the role of government-issued digital currencies in the future financial system. The outcome of these votes will significantly shape the future of cryptocurrency in the US. ```