JUST IN: The United States Passes HISTORIC Crypto Legislation.. What's Next?

Crypto Legislation & Regulation - The US House passed the Crypto Clarity Act, advancing it to the Senate [1] - The Genius Act, a stablecoin bill, passed in the House with a vote of 308 to 122, with 102 Democrats in favor, and is expected to be signed into law [2][3] - The US House also passed the anti-Central Bank Digital Currency (CBDC) Surveillance State Act, effectively banning CBDCs in America [4] Genius Act (Stablecoin Bill) Implications - The Genius Act establishes federal rules for stablecoins, requiring qualified issuers, backing by US dollars or short-term treasuries, monthly disclosures, and annual audits [6][7] - The stablecoin market is over $250 billion and is predicted to potentially double or triple in three years [8] - Stablecoins facilitate 24/7 money transfers, instant settlements, and reduced remittance fees, potentially creating new demand for hundreds of billions in short-term US treasuries [9] Clarity Act & Blockchain Recognition - The Clarity Act recognizes Bitcoin, Ethereum, and Cardano as likely mature blockchains under US standards, indicating sufficient decentralization [16][17] - The Act suggests that other blockchains can demonstrate sufficient decentralization to be considered mature [19] Ethereum Ecosystem - Ethereum benefits from the stablecoin bill, holding approximately half of the existing stablecoins [10] - Ethereum daily transactions hit 140万, the highest since 2021 [22] - BlackRock applied to add staking to its Ethereum ETF, potentially increasing demand for ETH [21]