Overview
- The House will vote this week on three linked bills aimed at establishing federal oversight for digital assets.
- The GENIUS Act would require stablecoins to hold one-to-one liquid asset reserves and disclose the composition of those reserves each month.
- The CLARITY Act would classify digital tokens as securities or commodities and expand the Commodity Futures Trading Commission’s authority over the industry.
- A separate bill would bar the Federal Reserve from issuing any central bank digital currency to address privacy concerns and limit government power.
- President Trump has indicated he will sign the GENIUS Act into law if it reaches his desk, clearing the way for federal stablecoin regulations.