Rep. Earl L. “Buddy” Carter (R-GA) has expressed his support for three legislative measures aimed at providing regulatory clarity to the cryptocurrency sector, a move intended to bolster the United States’ position in the digital economy.
“We are delivering on President Trump’s call to make the United States the cryptocurrency capital of the world. This new digital arms race is not one we can allow our adversaries, such as China, to win. By providing regulatory certainty, promoting innovation, and fully embracing the digital economy, we will strengthen our nation’s crypto industry and unleash a period of growth and dominance,” said Rep. Carter.
The legislation includes:
– The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which establishes federal standards for payment stablecoins.
– The Digital Asset Market Clarity (CLARITY) Act, which provides definitions for when digital assets are considered commodities or securities, potentially transferring oversight from the U.S. Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC).
– The Anti-CBDC Surveillance State Act, which prevents the Federal Reserve from issuing a central bank digital currency due to privacy concerns.
