House Passes Crypto Bills
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"Crypto Week" kicks off in the U.S. as lawmakers debate key bills that could reshape digital asset regulation. Here’s what the legislation means for Bitcoin, investors, and the future of crypto in America.
The House is considering bills to provide regulatory clarity for cryptocurrency and the digital assets industry, including the GENIUS Act for stablecoins and the CLARITY Act.
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Crypto markets remain flat even as House clears all three major crypto billsIn a week of landmark legislative wins for the crypto industry, the U.S. House of Representatives has now passed all three key bills — the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. But despite what many in the industry have called a historic breakthrough, markets are barely reacting.
On Tuesday, a dozen conservatives sank a procedural vote to advance three crypto bills, including the GENIUS Act, which establishes a regulatory framework for the $250 billion market for stablecoins, a type of cryptocurrency tied to the value of an asset like the U.S. dollar.
The crypto industry was headed for a landmark moment in the House with three bills that it helped push going to a vote. But a coalition of ultraconservative House Republicans staged a mutiny.
If passed, the Crypto Week legislation could lead to new ways to use the currencies, corporate adoption, and institutional investment.
The executive order, expected this week, aims to unlock the $9 trillion retirement market by allowing 401(k) plans to invest in alternative assets.
Crypto may have become part of many portfolios, but few of us use digital assets on a regular basis. Recent Motley Fool research shows that more than one in five Americans own crypto, but around a quarter of them have limited understanding of how it works. That needs to change.
The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.
Bitcoin reached a new all-time high on Monday, as investors looked forward to a busy week for crypto legislation. The price of bitcoin jumped around 3% briefly on Monday, trading as high as $123,166 — a new record for the crypto. After hitting this level, bitcoin cooled slightly, falling below $120,000.