The US Congress wrapped up Crypto Week by passing the GENIUS Act, a stablecoin bill, and sending other bills like the CLARITY Act and Emmer’s Anti-CBDC Surveillance State Act to the Senate. The bills received bipartisan support after revisions, with potential amendments in the Senate due to a slimmer pro-crypto majority.

The GENIUS Act is heading to President Trump’s desk for signature, expected to take effect 18 months after signing or 120 days after regulators publish final regulations. Stablecoin issuers will face new standards, with some potentially needing to become banks under the act. Foreign stablecoin issuers will face restrictions in the US.

The CLARITY Act and Emmer’s Anti-CBDC Surveillance State Act are now in the hands of the Senate. The former aims to provide regulatory clarity for digital commodities, while the latter seeks to ban the Federal Reserve from issuing a digital dollar. Bipartisan support was seen in the House, despite criticisms from some Democrats.

The crypto industry is optimistic about the potential impact of the bills, viewing them as a step towards full integration of crypto in the US financial system. Industry leaders believe the laws could influence global policies and solidify the US as a digital asset leader. With increasing pro-crypto sentiments among politicians, the passage of these bills seems more a matter of “when” than “if.”

Read more at Cointelegraph: Crypto Week Was A Win: What’s Next?