Latest update: Three encryption bills have all been passed by the House!
● The GENIUS Act (stablecoin regulation), CLARITY Act (structure of the encryption asset market), and Anti-CBDC Act (regulation against central bank digital currencies) have all been overwhelmingly passed in the U.S. House of Representatives on July 17 (July 18 early morning Beijing time)!
○ GENIUS Act: 308 votes in favor, 122 votes against
○ CLARITY Act: 294 votes in favor, 134 votes against
○ Anti-CBDC Act: The vote count was slightly lower, but it passed smoothly.
● This means that the U.S. encryption industry is about
View Original● The GENIUS Act (stablecoin regulation), CLARITY Act (structure of the encryption asset market), and Anti-CBDC Act (regulation against central bank digital currencies) have all been overwhelmingly passed in the U.S. House of Representatives on July 17 (July 18 early morning Beijing time)!
○ GENIUS Act: 308 votes in favor, 122 votes against
○ CLARITY Act: 294 votes in favor, 134 votes against
○ Anti-CBDC Act: The vote count was slightly lower, but it passed smoothly.
● This means that the U.S. encryption industry is about