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GENIUS Becomes Law: What It Took to Pass the First Rules for Stablecoins in the U.S.

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Crypto Legislation Tensions

This chapter explores the recent Republican efforts in Congress to push 'Crypto Week' legislation, including the Clarity Act, Genius Act, and an anti-CBDC bill. It highlights the complexities of balancing innovation in cryptocurrency with the privacy risks posed by central bank digital currencies, alongside the political dynamics shaping these legislative proposals.

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