House Passes Crypto Bills
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The US crypto industry is celebrating as Congress passed three major bills in its “Crypto Week” legislative bonanza.
President Trump signed the country's first major legislation aimed at regulating cryptocurrency on Friday, hailing "the exciting new frontier" for the technology.
Coinbase CLO Paul Grewal criticizes US state agencies for not acknowledging that CLARITY act excludes staking from securities laws.
If passed, the Crypto Week legislation could lead to new ways to use the currencies, corporate adoption, and institutional investment.
Trump signed into law the GENIUS Act on Friday – a landmark piece of legislation that establishes federal regulations surrounding digital currency.
Web3 gaming faces regulatory hurdles in the U.S. as developers push for legal clarity and the CLARITY Act offers a path forward.
House Republicans promoted this week as the latest step for the U.S. to become the “crypto capital of the world.”
Most entities now considering tapping into stablecoins amid the GENIUS Act’s passage say they would first use them for largely “back-end” purposes, like reducing fees paid by merchants to credit card companies or more easily converting currencies from cross-border payments.