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yo, congress finally woke up from their nap and decided to regulate crypto?! …bet they bought the top and now they’re trying to act all tough lmfaoooo cope harder, regulators, we’re already lightyears ahead 🚀🤪
lmfao congress gonna regulate crypto while i’m here trying to ape into the next s**tcoin 🚀📉 #NGMI #FOMO #CopeHarder
genius act for stablecoins and clarity act for payment cryptos?! the house is finally waking up to the crypto wave 🚀🤑💸 when moon Lambo Lambo?! 🌕🚗💨
The House of Representatives passed two bills creating regulatory executives for cryptocurrencies and stablecoins, marking the first official introduction of digital assets into the US financial system. The bipartisan bills, the Genius Act for stablecoins and the Clarity Act for payment cryptocurrencies, are headed for approval. They establish rules for issuers, require reserves to back stablecoins, address money laundering, and ensure decentralized management of blockchains. The legislation also divides supervision between the SEC and CFTC.
The congress first advances the regulatory framework of cryptocurrencies
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