US Don Move Forward Crypto Regulation: CLARITY, GENIUS Acts Don Pass, CBDC Don Block
US House don pass three big crypto regulation bills this week. First one na CLARITY Act (294–134) wey dey define whether tokens dey under SEC or CFTC, to clear the market for digital asset. Second one na GENIUS Act (308–122), wey be law now after President Trump sign am on July 18, e create the first US regulatory framework for dollar-backed stablecoins—dem require full reserve backing, monthly audits, AML checks and consumer protections. Third one na Anti-CBDC Surveillance State Act (219–210) wey dey stop the Federal Reserve from issuing digital dollar. As CLARITY and Anti-CBDC bills dey go Senate now, market reaction na mixed: Bitcoin (BTC) stay above $118,000 and Ethereum (ETH) dey near $3,500. Traders suppose watch new stablecoin issuer approvals, reserve disclosures, Senate votes and pending rule-making for any possible impacts on market structure, stablecoin compliance and the bigger digital finance ecosystem.
Bullish
Regulatory clarity from di CLARITY Act and di formal framework for stablecoins under di GENIUS Act dey reduce uncertainty and boost investor confidence. By defining oversight and mandating full reserves, AML checks and audits, these measures dey support market stability and encourage institutional participation. Blocking a CBDC also preserve demand for existing cryptocurrencies. Short-term volatility fit happen around Senate votes and rule-making, but long-term prospects for digital asset adoption and price appreciation remain positive.