Three Major US Bills: GENIUS, CLARITY, Anti-CBDC
In the âEncryption Weekâ of 2025, the United States promoted three key bills successively:
- GENIUS Act: Establishes reserve and audit requirements for stablecoins to enhance market transparency.
- CLARITY Act: Clarifies the division of responsibilities between the SEC and CFTC in the encryption market, reducing regulatory overlap.
- Anti-CBDC Act: Prohibits the issuance of central bank digital currency, emphasizing the protection of privacy and decentralized values.
The Democratic Partyâs concerns about the RFIA bill
Some senators believe that the âResponsible Financial Innovation Act (RFIA)â could weaken the power of regulatory agencies and increase financial risks. They are calling for stronger regulatory measures to avoid potential systemic crises.
Pakistan establishes a regulatory body for virtual assets
Pakistan established a Virtual Assets Regulatory Authority in 2025, which is responsible for issuing licenses, overseeing compliance, and building a regulatory sandbox. This move indicates that developing countries are also beginning to actively regulate the virtual asset market to mitigate risks and promote innovation.
Newbieâs Quick Response Guide
- Pay attention to the trends of legislation: US regulations will indirectly affect the global market landscape.
- Choose the platform cautiously: Try to choose platforms that have obtained licenses in multiple jurisdictions.
- Keep information updated: Timely access to encryption regulatory news helps to avoid risks and seize opportunities.