{"id":32021,"date":"2025-07-17T18:09:45","date_gmt":"2025-07-17T18:09:45","guid":{"rendered":"https:\/\/medexperts.pro\/?p=32021"},"modified":"2025-07-17T18:26:10","modified_gmt":"2025-07-17T18:26:10","slug":"heres-how-congress-is-wading-into-crypto-regulation","status":"publish","type":"post","link":"https:\/\/medexperts.pro\/?p=32021","title":{"rendered":"Here\u2019s How Congress Is Wading Into Crypto Regulation"},"content":{"rendered":"<div><\/div>\n<p id=\"article-summary\" class=\"css-79rysd e1wiw3jv0\">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 is about to clear Congress and become law. <\/p>\n<section class=\"meteredContent css-1r7ky0e\">\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">House Republicans this week took up a trio of bills that would help establish federal rules of the road for cryptocurrency, handing the industry a major win and fulfilling President Trump\u2019s campaign promise to boost digital currencies in the United States.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">All three bills would effectively put a government seal of approval on an industry that has long been met with skepticism from Washington, and would help cement cryptocurrency\u2019s transformation from a scandal-ridden technology experiment to a mainstream financial and commercial instrument.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The crypto industry poured well over $100 million into getting pro-crypto politicians elected last year, and has thrown its weight behind the legislation, mounting an intensive lobbying campaign to win bipartisan support for the measures. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">Here\u2019s a look at what each would do.<\/p>\n<h2 class=\"css-11zi5nh eoo0vm40\" id=\"link-3ce6bece\">Regulate stablecoins<\/h2>\n<p class=\"css-at9mc1 evys1bk0\">The so-called Genius Act would establish a regulatory framework for stablecoins, a type of digital currency that is pegged to the value of the U.S. dollar. <\/p>\n<\/div>\n<\/div>\n<div data-testid=\"Dropzone-1\"><\/div>\n<div class=\"css-s99gbd StoryBodyCompanionColumn\" data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Stablecoins are often seen as a sort of bridge between crypto and traditional currency. They are designed to avoid the wild and much-publicized fluctuations in value of some popular cryptocurrencies like Bitcoin.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Proponents of the legislation have argued that the bill would help modernize America\u2019s financial system and break down the barriers between existing financial markets and cryptocurrency. Opponents argue it is overly lax and fails to prevent abuses or protect consumers. <\/p>\n<div class=\"css-kbghgg\">\n<div class=\"css-121kum4\">\n<div class=\"css-171quhb\"><\/div>\n<div class=\"css-asuuk5\">\n<div class=\"css-7axq9l\" data-testid=\"optimistic-truncator-noscript\">\n<div data-testid=\"optimistic-truncator-noscript-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\" data-tpl=\"t\">We are having trouble retrieving the article content.<\/p>\n<p class=\"css-3kpklk\" data-tpl=\"t\">Please enable JavaScript in your browser settings.<\/p>\n<\/div>\n<\/div>\n<div class=\"css-1dv1kvn\" id=\"optimistic-truncator-a11y\">\n<hr \/>\n<p>Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0<a href=\"https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&amp;client_id=vi&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2025%2F07%2F17%2Fus%2Fpolitics%2Fcrypto-regulation-bills-explainer.html&amp;asset=opttrunc\">log into<\/a>\u00a0your Times account, or\u00a0<a href=\"https:\/\/www.nytimes.com\/subscription?campaignId=89WYR&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2025%2F07%2F17%2Fus%2Fpolitics%2Fcrypto-regulation-bills-explainer.html\">subscribe<\/a>\u00a0for all of The Times.<\/p>\n<hr \/>\n<\/div>\n<div class=\"css-1g71tqy\">\n<div data-testid=\"optimistic-truncator-message\" class=\"css-6yo1no\">\n<p class=\"css-3kpklk\" data-tpl=\"t\">Thank you for your patience while we verify access.<\/p>\n<p class=\"css-3kpklk\" data-tpl=\"t\">Already a subscriber?\u00a0<a data-testid=\"log-in-link\" class=\"css-z5ryv4\" href=\"https:\/\/myaccount.nytimes.com\/auth\/login?response_type=cookie&amp;client_id=vi&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2025%2F07%2F17%2Fus%2Fpolitics%2Fcrypto-regulation-bills-explainer.html&amp;asset=opttrunc\">Log in<\/a>.<\/p>\n<p class=\"css-3kpklk\" data-tpl=\"t\">Want all of The Times?\u00a0<a data-testid=\"subscribe-link\" class=\"css-z5ryv4\" href=\"https:\/\/www.nytimes.com\/subscription?campaignId=89WYR&amp;redirect_uri=https%3A%2F%2Fwww.nytimes.com%2F2025%2F07%2F17%2Fus%2Fpolitics%2Fcrypto-regulation-bills-explainer.html\">Subscribe<\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>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 is about to clear Congress and become law. House Republicans this week took up a trio of bills that would help establish federal rules of the road for cryptocurrency, handing the industry a major win and fulfilling President Trump\u2019s campaign promise to boost digital currencies in the United States.All three bills would effectively put a government seal of approval on an industry that has long been met with skepticism from Washington, and would help cement cryptocurrency\u2019s transformation from a scandal-ridden technology experiment to a mainstream financial and commercial instrument.The crypto industry poured well over $100 million into getting pro-crypto politicians elected last year, and has thrown its weight behind the legislation, mounting an intensive lobbying campaign to win bipartisan support for the measures. Here\u2019s a look at what each would do.Regulate stablecoinsThe so-called Genius Act would establish a regulatory framework for stablecoins, a type of digital currency that is pegged to the value of the U.S. dollar. Stablecoins are often seen as a sort of bridge between crypto and traditional currency. They are designed to avoid the wild and much-publicized fluctuations in value of some popular cryptocurrencies like Bitcoin.Proponents of the legislation have argued that the bill would help modernize America\u2019s financial system and break down the barriers between existing financial markets and cryptocurrency. Opponents argue it is overly lax and fails to prevent abuses or protect consumers. We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and\u00a0log into\u00a0your Times account, or\u00a0subscribe\u00a0for all of The Times.Thank you for your patience while we verify access.Already a subscriber?\u00a0Log in.Want all of The Times?\u00a0Subscribe.<\/p>\n","protected":false},"author":1,"featured_media":32023,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-32021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/32021","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32021"}],"version-history":[{"count":2,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/32021\/revisions"}],"predecessor-version":[{"id":32024,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/posts\/32021\/revisions\/32024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=\/wp\/v2\/media\/32023"}],"wp:attachment":[{"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/medexperts.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}