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US lawmakers have kicked off their “Crypto Week,” a move aimed at voting on three high-profile digital-asset bills. These include the Senate-passed Genesis of Electronic Notes and Issuance Under Supervision (GENIUS) Act, the Anti-Central Bank Digital Currency Surveillance State Act, and the Digital Asset Market Clarity (CLARITY) Act.
Majority Leader Steve Scalise emphasized that these measures would further the President’s pro-growth and pro-business agenda while providing a clear regulatory framework for digital assets. However, Ohio Republican Warren Davidson warned last week about the dangers of passing the GENIUS bill without amendments. He expressed his concerns over the absence of a central bank digital currency ban and protection for self-hosted wallets.
Davidson is apprehensive that these bills will pass through the Senate while failing to address crucial issues like CBDCs (Central Bank Digital Currencies) and market structure, potentially leading to a “hollowed-out” framework. This rift has exposed a significant divide within the Republican party regarding crypto regulation.
Source: bitcoinist.com
