Landmark Legislation Passes with Bipartisan Support

In a significant move towards regulating the digital asset space, the United States House of Representatives passed the GENIUS Act with an overwhelming majority. The vote, which ended 308-122, marks a pivotal step in establishing a federal regulatory framework for stablecoins pegged to the US dollar.

Strategic Moves Secure Passage

House GOP leaders successfully garnered support by integrating the Anti-CBDC Surveillance State Act into the crucial National Defense Authorization Act. This strategic attachment underscores the growing intersection between national security and digital currency regulation.

Senate's Earlier Approval Sets the Stage

Following its passage in the Senate last June, the act not only delineates clear regulatory boundaries but also encourages private sector innovation by allowing the issuance of federally sanctioned digital dollars.