The U.S. House of Representatives has passed the GENIUS Act and the Anti-CBDC Act, focusing on stablecoins and prohibiting CBDCs, respectively. The GENIUS Act requires stablecoins to have reserves and offers a regulatory framework to bolster the U.S. position in the digital asset market. Its bipartisan support and endorsement by President Trump and Treasury Secretary Scott Bessent underline a commitment to digital asset reform. Conversely, the Anti-CBDC Act addresses concerns over potential surveillance risks and government overreach associated with central bank digital currencies.
The GENIUS Act lays out a regulatory framework for stablecoin issuers, requiring them to back coins with reserves and comply with strict oversight, positioning the U.S. as a leader in the digital asset space.
The Anti-CBDC Act prohibits the Federal Reserve from issuing a U.S. central bank digital currency to address concerns over surveillance risks and government overreach regarding digital financial instruments.
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