On Thursday local time, the US House of Representatives officially passed three important bills related to the cryptocurrency field, including: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.
Among these, the CLARITY and Anti-CBDC Surveillance State bills will be transferred to the Senate for further review. The GENIUS Act is expected to be signed into federal law by President Donald Trump on Friday, officially becoming law. This demonstrates the Trump administration's clear stance on promoting financial innovation while setting limits on government interference in citizens' financial privacy.
The three specific bills include:
- CLARITY Act (Cryptocurrency Legal Acknowledgment and Regulation for Institutional Transparency and Yield): aimed at establishing a transparent and consistent legal framework for financial institutions operating in the cryptocurrency field. The bill seeks to enhance supervisory clarity, facilitate legal investment activities, and minimize legal risks for blockchain businesses in the United States.
- GENIUS Act (Government Evaluation of National Interest in Unleashing cryptocurrency and Stablecoins): focuses on assessing the national benefits of adopting cryptocurrency and stablecoins. The bill's goal is to promote research, innovation, and application of digital assets in the American economy, while supporting the US in maintaining its global technological leadership.
- Anti-CBDC Surveillance State Act: proposed to prevent the use of central bank digital currency (CBDC) for monitoring and tracking individuals' financial transactions. The bill reflects growing concerns about financial privacy and the potential for government overreach when issuing nationwide CBDCs.
The simultaneous passage of three cryptocurrency bills in the same session demonstrates the US government's determination to build a robust legal framework, promote technological innovation, and protect individual financial freedom. This is considered a major turning point in the national blockchain strategy under President Donald Trump, while creating an important legal foundation for the sustainable development of the digital asset market in the US in the coming period.