Photo: Tierney L. Cross
Key dealers
- The house adopted three Trump-backed crypto bills: Genius Act, Clarity Act and Anti-CBDC ACT.
- SEC chairman Paul Atkins famous the legislation in an official statement Thursday and called it a “historical milestone”.
The House of Representatives today passed three major crypto bills supported by the Trump administration: GeniusThe Clarity lawand the Anti-CBDC law.
The legislative package, which is now on its way to President Trump’s desk, creates a payment of Stablecoins regulations, defines which units are authorized to issue them and prohibit the Federal Reserve from launching a central bank -Digital currency.
Sec -Chair Paul Atkins praised the passage in an official SEC -statement Released Thursday afternoon and calls it a “historical milestone” for innovators and market players working in the digital asset space.
“I would like to congratulate the House of Representatives for approving Genius Act and praising the work that both the Chamber and the Senate put into this important legislation,” Atkins said.
Atkins emphasized the role of Genius ACT in establishing clear guidelines for payment stablecoins and added that entrepreneurs deserve “clear rules for the road.” He said that the framework will enable faster, cheaper and safer financial transactions while maintaining strong risk protection.
“Today’s passing of Genius ACT is sending a powerful message that this administration will map a new course,” Atkins said. “This is an important step in stimulating innovation by providing the crypto industry with clear rules for the road.”
