Carter Statement on House Passage of Key Crypto Legislation

WASHINGTON, D.C. - Rep. Earl L. “Buddy” Carter (R-GA) this week voted in support of three key pieces of legislation aimed at providing regulatory certainty to the cryptocurrency industry and cementing the United States’ leadership 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. Specifically, the bills advanced include: -       The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act , creating the first federal standards for payment stablecoins. -       The Digital Asset Market Clarity (CLARITY) Act , providing clear definitions for when digital assets are considered commodities or securities, potentially shifting oversight from the U.S. Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC) for many tokens. -       The Anti-CBDC Surveillance State Act , prohibiting the Federal Reserve from issuing a central bank digital currency, citing privacy concerns and potential government surveillance. ###