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, adn the Anti-CBDC Act.
The CLARITY Act aims to define token categories and lifecycle transitions. It introduces the concept of “investment contract assets,” allowing tokens to shift from securities to commodities as they mature. This act seeks to create a federal framework under joint 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 some provisions of MiCA but applies them under a single EU licence.
The Anti-CBDC Act,passed by the U.S. House, aims to ban a U.S. central bank digital currency. This contrasts with the EU’s exploration of a digital euro.
While the U.S. approach remains fragmented, agencies like the SEC are stepping in. The SEC recently approved Bitcoin and Ethereum ETP
