Congressman Haridopolos Applauds House Passage of Key Cryptocurrency Bills
WASHINGTON, D.C. – Today, Congressman Mike Haridopolos (FL-08) applauded the House’s passage of three landmark bills that will reshape the future of digital finance and protect Americans’ financial freedoms. H.R. 3633, The Digital Asset Market Clarity Act, S. 1582, the GENIUS Act, and H.R. 1919, the Anti-CBDC Surveillance State Act all passed the House this week as part of “Crypto Week,” marking what Haridopolos called “a critical step forward in making the United States the center of financial innovation again.”
“These bills send a clear message to the world: America is open for digital asset innovation, and we are going to do it the right way, with smart rules, consumer protections, and a firm commitment to freedom,” said Congressman Haridopolos. “For years, the lack of clear regulatory guidelines for this industry allowed the Biden Administration to chase companies out of America with regulation-by-enforcement instead of setting clear, common-sense guidelines. We fixed that this week, and showed the country that Republicans can govern, solve complex problems, and lead on the technologies of the future.”
The Digital Asset Market Clarity (CLARITY) Act sets clear boundaries between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC), providing long-overdue regulatory certainty for blockchain developers, crypto exchanges, and consumers. The GENIUS Act sets clear rules for stablecoins, requiring them to be fully backed by cash and U.S. Treasuries so they strengthen the dollar and make payments faster and more affordable worldwide. The Anti-CBDC Surveillance State Act prevents the federal government from issuing a Central Bank Digital Currency that could track Americans’ private transactions or restrict how they spend their own money.
“This is about keeping the freedom to spend, invest, and innovate in the hands of the American people, not bureaucrats in Washington,” Haridopolos said. “Thanks to the hard work of the Financial Services Committee under the leadership of Chairman French Hill, we are building a system where blockchain can thrive, stablecoins can help lower costs for consumers and businesses, and the government will never turn into a surveillance state like China.”
“America will now lead the way on digital assets, not sit on the sidelines while other countries make the rules,” Haridopolos added. “With this package, we are putting the U.S. back in the driver’s seat.”