U.S. Crypto Regulation Gains Momentum,Closing Gap with EU
The U.S. is finally catching up with the EU in regulating digital assets. While the EU has been ahead with its Markets in Crypto-Assets Regulation (MiCA), the U.S. has been slow to act. However,three new bills are changing this: the CLARITY Act,the GENIUS act,and the Anti-CBDC Act.
The CLARITY Act aims to define token categories and lifecycle transitions. It introduces the concept of âinvestment contract assets,â allowing tokens to shift from securities to commodities as they mature. This act seeks to create a federal framework under SEC and CFTC oversight.
The GENIUS Act focuses on stablecoins. It requires strict licensing for issuers, ensuring 1:1 backing with safe assets, monthly reserve reports, and AML compliance.this mirrors micaâs provisions but applies them under a single EU license.
The Anti-CBDC Act aims to ban a U.S. central bank digital currency. Unlike the EU,which explores a digital euro,the U.S. is taking a different stance.
While the U.S. approach remains fragmented, agencies like the SEC are stepping in. The SEC approved Bitcoin and Ethereum ETPs, aligning
