Historic Step in Cryptocurrency Regulation

The US House of Representatives took a historic step in the cryptocurrency space by passing three significant bills: the Clarity Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. These bills have been presented for President Donald Trump’s signature.

According to Treasury Counselor Joe Lavorgna, these laws will further solidify America’s global innovation leadership. In an interview with Cheryl Cassone on Fox Business, he stated that the new regulations mark a turning point not only for crypto assets but also for the broader American economy. Lavorgna noted, “These laws not only clarify digital assets but also strengthen the US dollar’s reserve currency status. Demand for US Treasury bonds will increase thanks to stablecoins.”

Among the three laws, the Anti-CBDC Surveillance State Act is the most controversial, targeting surveillance concerns surrounding state-backed digital currencies (CBDCs). Lavorgna emphasized the law’s importance in protecting individual financial freedoms. While he refrained from commenting on the proposed merger of the SEC and CFTC, he highlighted the priority of establishing a holistic, integrated, and investment-friendly regulatory framework.

Lavorgna further mentioned that Trump’s second term would continue the policies from his first, promoting entrepreneurship, tax cuts, and reduced bureaucracy. He stated, “We want an economic model based on capital access and productivity, not phantom regulations. This new legislative package will make the US the global center for attracting capital and developing technology.”

The program also addressed the tension between the Fed and the White House. Lavorgna argued that Trump’s calls for a rate cut, in contrast to Fed Chair Jerome Powell’s stance, were backed by strong economic data. He said, “The data shows that monetary policy is tighter than it needs to be. Treasury yields are below the policy rate. Markets are expecting a cut.”

Citing the US Treasury’s $27 billion budget surplus in June and the S&P 500 index reaching record levels, Lavorgna concluded, “All these developments show that the Trump administration’s economic policies are working. Crypto laws are a link in this chain of success.”

> This is not investment advice.