U.S. House of Representatives Passes Three Crypto Bills, GENIUS Act to Become First Formal Legislation

According to crypto reporter Eleanor Terrett, the U.S. House of Representatives passed three cryptocurrency-related bills on July 17, namely the Clarity for Digital Asset Market Act (Clarity Act), the Guiding Innovation Nationally, Yielding Vital Information, and Streamlining Technologies Act (GENIUS Act), and the Anti-Central Bank Digital Currency Act (Anti-CBDC Act). Among them, the GENIUS Act will become the first major crypto legislation signed by the President, and the signing ceremony is expected to be held at the White House the following afternoon. [Wu Blockchain]