Big news from Washington! The U.S. House of Representatives just passed two important crypto bills—the Clarity for Payment Stablecoins Act and the Anti-CBDC Act. These new laws aim to protect people’s money and give clear rules for digital dollars.
Genius Act sets rules for stablecoins—digital money tied to a dollar like a real dollar. The issuer must hold real money or safe assets in reserve and share monthly reports. It passed 308–122 in the House and now goes to President Trump to sign.
Clarity Act tells which agency — either the SEC or the CFTC — handles crypto. It passed 294–134 and awaits Senate vote .
Anti‑CBDC Act bans the Federal Reserve from creating a Central Bank Digital Currency, often seen as a way to flag government tracking. It passed narrowly 219–210 .
Stablecoins are already used by millions for saving, shopping, and investing. These new rules would help keep them safe and legal. On the other hand, some people worry that a government-backed digital dollar (CBDC) could lead to too much surveillance.
Congressman Tom Emmer, who pushed the Anti-CBDC Act, said:
“The bill prevents unelected bureaucrats in Washington from issuing a surveillance-style digital dollar.”
It passed with 216 votes in favor and 192 against—a close call but a win for crypto freedom.
French Hill, House Financial Services Chair, called this a “pivotal moment” for innovation and consumer protection.
Conclusion:
This move shows how serious the U.S. is getting about crypto. Whether you’re for or against government-backed digital money, one thing is clear—crypto laws are coming, and they could shape how we use digital dollars for years.
Read Also: Bank of America Move Closer to Launching Stablecoins
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