The U.S. House of Representatives plans to review three important cryptocurrency bills, including the GENIUS stablecoin bill
ChainCatcher news, according to The Block, the Republican leadership in the U.S. House of Representatives announced plans to review three important cryptocurrency-related bills during the week of July 14, including:
- GENIUS Stablecoin Act (the version passed by the Senate)
- Digital Asset Market Structure Clear Act
- Proposal to restrict the Federal Reserve from issuing central bank digital currency
It is worth noting that although the House had previously drafted its own stablecoin bill (the STABLE Act), it will prioritize the review of the Senate-passed version of the GENIUS Act to expedite the legislative process.
The Digital Asset Market Structure Clear Act will clarify the regulatory responsibilities of the SEC and CFTC regarding cryptocurrencies and strengthen investor protection requirements.
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