Paul Atkins of the SEC qualifies the approval of the genius act as historical milestone

The House of Representatives approved three key laws for the crypto sector, including Genius Act. The president of the Sec, Paul Atkins celebrated advance as a historical milestone.

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• Paul Atkins described the law as a historic milestone in safe financial innovation.
• Genius ACT requires total support in USD and audits for Stablecoins issuing.
  
• Other laws now advance to the Senate and have bipartisan support.

The United States Congress took a historical step in the regulation of the crypto sector this Thursday, by passing three crucial bills, including Genius Act, which establishes strict guidelines for the issuance of Stablecoins.

The reactions did not wait, highlighting among them the statements of the president of the Bag and Securities Commission (SEC), Paul Atkins, who celebrated the event as a milestorico for the country’s digital financial ecosystem.

Paul Atkins: “The United States will lead financial innovation”

In an official statement, Atkins praised the approval of the Genius Act, qualifying the fact as a key moment for industry. “I congratulate the House of Representatives for approving Genius Act and recognizes the joint work of Congress in this vital legislation”he said.

He stressed that technologies Blockchain And cryptoactives have the potential for “Revolutionize US financial infrastructure”, generating efficiencies, cost reduction, transparency and risk mitigation for all citizens. He emphasized that innovators “They deserve clear rules”and said that this law provides that regulatory path.

Atkins also thanked key figures in the Congress, as the president of Senate Bank Committee, Tim Scott, and senators Cynthia Lummis and Bill Hagerty, for leading the initiative. He stressed that this legislation positions the US as a world leader in payments innovation and promotes a safer and more competitive environment for financial technological development.

Parallel progress: Clarity Act and the anti law-CBDC

Genius Act It was not the only approved legislation. The “Digital Asset Market Clarity Act” (294-134)which establishes a broad regulatory structure for cryptoactive ones, delimiting responsibilities between the Sec and the Basic Products Trade Commission (CFTC).

On the other hand, the “Anti-Central Bank Digital Currency Act” (219-210) prohibits the Federal Reserve (Fed) Issue digital currencies directly to citizens. According to Jerome Powell, president of the entity, it will not be advanced with a CBDC without approval of Congress.

This point generated tensions during the debates, and it was negotiated to incorporate its essence within the Clarity Act, with direct intervention by President Trump in conversations with legislators.

The CEO of the Blockchain AssociationSummer Mersinger, considered that this law “It affirms fundamental American values such as privacy, market competition and individual financial freedom. ”

A new era for crypto regulation in the US.

The approval of these laws marks a turning point in the United States strategy against digital assets. With both Democrat and Republican support, Congress has made it clear that it seeks to lead global technological and financial development, without neglecting the necessary safeguards.

The president of the Sec He reaffirmed his commitment to continue working for a regulatory environment that balances innovation and consumer protection. “Today a powerful message has been sent: this administration is drawing a new direction,” Paul Atkins concluded.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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