Breaking news. Three important bills that will mark a historic leap for the cryptocurrency industry have been passed in the U.S. House of Representatives all at once. As a result, cryptocurrencies are experiencing a significant rise this morning. President Trump is expected to sign an executive order this week allowing 401k retirement plans to invest in digital assets. It's a $9 trillion scale. Even just 1% would mean an influx of $90 billion, or 13 trillion yen. Moreover, since 401k is long-term money, it generally won't be sold. I will also briefly explain the three important bills that have passed. 1. CLARITY Act (passed 294 to 134 ✅) → Puts an end to the SEC vs CFTC issue. Clearly defines which assets are securities and which are commodities. A resolution to the gray area like the Ripple case. 2. GENIUS Act (passed 308 to 122 ✅) → Stablecoins are required to be "fully collateralized." This is a huge tailwind for USDC and others. Algorithmic stablecoins may be eliminated. President Trump is expected to sign this bill by the end of the week. 3. Anti-CBDC Surveillance State Act (passed 219 to 217 ✅) → Prohibits the Federal Reserve from issuing central bank digital currency to individuals. This promotes the values of BTC. It is clear that America is serious about establishing cryptocurrency infrastructure. The era of uncertainty is over, and we can say that we are finally preparing to welcome cryptocurrencies under clear rules. *The CLARITY Act and the Anti-CBDC Act still have discussions remaining in the Senate and will not be finalized as law immediately. The GENIUS Act has already passed the Senate, and President Trump's signature is expected within this week.
Show original
348.02K
3.66K
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.