Congress passed three historic bills today, regulating digital assets and shaping the future financial economy. The GENIUS Act on stablecoins heads to President Trump’s desk, the CLARITY Act moves to the Senate, and an anti-CBDC bill moves to uncertain prospects in the Senate. Lawmakers react to the significant news.

Lawmakers, including Chair French Hill, Majority Whip Tom Emmer, and others, celebrate bipartisan support for major bills. The GENIUS Act is praised for establishing clear rules for digital assets. The anti-CBDC bill aims to protect American values and privacy in digital currency policy. Senate Banking Committee Chair Tim Scott lauds the milestone in securing America’s leadership in payments innovation.

Kirsten Gillibrand hails the GENIUS Act’s passage as a bipartisan milestone in regulating stablecoins. Circle’s Dante Disparte sees strong support for innovation in dollar-backed payment stablecoins. Anchorage Digital CEO Nathan McCauley praises the CLARITY Act for improving market transparency and strengthening the U.S. dollar’s reach. The crypto industry and lawmakers celebrate the regulatory progress. 1. The US economy added 943,000 jobs in July, exceeding expectations. Unemployment rate dropped to 5.4%, a significant improvement. This positive trend is attributed to increased consumer spending and businesses reopening.

2. The Tokyo Olympics concluded with the United States winning the most medals, including 39 gold. Notable achievements include Simone Biles’ return and Katie Ledecky’s dominance in swimming. The Games faced challenges but were ultimately successful.

3. Wildfires continue to ravage California, with over 14,000 firefighters battling blazes. The Dixie Fire is now the second largest in state history, threatening communities and prompting evacuations. Climate change exacerbates the fire season.

4. The Taliban is rapidly gaining territory in Afghanistan as US troops withdraw. Concerns mount over the impact on women’s rights and stability in the region. The Afghan government struggles to counter the insurgent group’s advances.

Read more at finance.yahoo.com: What GENIUS and CLARITY Bills Mean for the Industry