💨 Abstract

The House has passed two bills to regulate the cryptocurrency industry, aiming to make the U.S. a global "crypto capital." One bill, already passed by the Senate, focuses on stablecoins, setting initial regulations and consumer protections. The other bill, proposing a new market structure for cryptocurrency, moves to the Senate. Additionally, a third bill prohibits the Federal Reserve from issuing a central bank digital currency.

Courtesy: WTOP Staff