Fate of crypto, CBDC bills unclear as US Congress heads into recess

As the US Congress prepares for recess, key crypto bills remain under consideration. The House approved three, notably the GENIUS Act, which regulates stablecoins. The two remaining bills, CLARITY and Anti-CBDC, are set for Senate review.

Republican lawmakers are advocating for these bills, promoting a bipartisan image despite pushback from Senate Democrats. The climate suggests ongoing tensions over crypto regulations, with Trump’s involvement raising questions among some legislators.

Ongoing discussions will shape the approach to cryptocurrency regulations, particularly regarding digital assets and CBDCs. The Senate’s consideration of the remaining bills will be pivotal in the evolving landscape of crypto legislation ahead.

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