Trump, crypto
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The House this week took up a trio of bills that would establish a federal framework for regulating the cryptocurrency industry. One of the measures cleared Congress and is on its way to enactment.
The crypto exchange’s co-founders have assured users their wallets are safe, but it’s wise for investors to know the rights that they can exercise in India.
As India readies its first draft crypto policy paper, industry leaders term it a "defining moment", which could position Web3 infrastructure, like open blockchains, as the next UPI or Aadhaar for Bharat's underserved regions. They feel it is India's chance to lead the Global South in shaping inclusive digital finance.
The U.S. House of Representatives has passed the CLARITY Act, a landmark bill that defines whether cryptocurrencies are securities or commodities.
The second attempt to advance a pair of crypto bills came after President Donald Trump intervened Tuesday evening to get the holdouts on board.
The stablecoin bill, known as the Genius Act, and the crypto market structure bill, known as the Clarity Act, both received notable bipartisan support. Democratic lawmakers joined with Republicans to pass the stablecoin bill 308-122.
Congress is moving toward passing a series of bills that would be the first to regulate the crypto industry. The GENIUS Act regulates stablecoins while the Clarity Act regulates digital currency overall,