US EditionBipartisan Bills Set Rules for Cryptocurrency. Will Digital Money Go Mainstream?
UNITED STATES, JUL 18 – The legislation establishes clear rules for stablecoins, bans a Federal Reserve digital currency, and passed the House 308-122, signaling growing institutional interest in crypto regulation.
- Yesterday, lawmakers approved three digital assets bills, including stablecoin regulation and a ban on the Federal Reserve issuing its own digital currency.
- Supported by Chairman French Hill and Chairman G.T. Thompson, Rep. Dusty Johnson introduced the GENIUS and CLARITY Acts to overhaul digital asset rules.
- JPMorgan forecasts the stablecoin market could double by 2028, with Visa data showing 91% of stablecoin transactions involve trading other cryptocurrencies.
- Following House approval, these bills now head to the Senate while President Trump is expected to sign the GENIUS Act soon.
- In the long term, measures aim to boost industry legitimacy, potentially spurring institutional investments and developer activity, and positioning the U.S. as a leader in digital asset innovation.
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SEC’s Atkins on Crypto Rules, Stablecoins, 401(k) Plans
US Securities and Exchange Commission Chairman Paul Atkins says the commission’s Crypto Task Forced is focused on making “clear rules” for cryptocurrencies following the passage of the first-ever federal legislation for stablecoins. Atkins also discusses the potential for private assets and alternative investments in 401(k) retirement plans and the independence of the SEC. (Source: Bloomberg)
Blockchain Association CEO: Crypto bills will help make U.S. the crypto capital of the world
Summer Mersinger, Blockchain Association CEO, joins 'Squawk Box' to discuss the passage of crypto bills through Congress, how stablecoins fits into the traditional banking landscape, future of stablecoins and blockchain technology, and more.
The Senate passed the bill in a bipartisan vote last month. The House vote was also bipartisan, with 206 Republicans voting in favor of the bill and 102 Democrats. The full House vote was 308-122.
Miami quietly reclaims its cryptocurrency crown as market signals point to promising comeback
The Magic City could soon be better known as the "Crypto City," as certain market signals have risen to the surface and now indicate a quiet cryptocurrency comeback."I don't think this is a fad or a trend that's going to go away. And I think it's got huge benefits, and I think it's being done correctly now," Property Markets Group (PMG) managing partner Ryan Shear told Fox News Digital."Miami's crypto market's quietly coming back," he added, "an…
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