Crypto Oversight Gets Boost After Tough Negotiations

The U.S. House just pushed three crypto regulation bills forward after a marathon nine-hour debate.It all starts with the GENIUS Act setting up a stablecoin framework that's now headed to the president's desk. Next is the CLARITY Act, which would treat cryptocurrencies as digital commodities under CFTC oversight while keeping a bit of SEC authority intact.

To win over holdout Republicans, lawmakers slipped the Anti-CBDC Surveillance State Act into the defense bill to block any Fed-issued digital dollar, even though Fed officials say they aren't planning one.

After those lengthy floor talks, the House plans to vote on the GENIUS Act Thursday and aims to tackle the CLARITY Act next week.these rules could calm industry nerves and lure more big investors into crypto.

Keep an eye on Thursday's vote and any Senate moves before these measures reach the president's desk.

It's imperative to note that crypto bellwether Bitcoin (BTC-USD) is up more than 20% YTD, and over 15% in the past six months.