Rep. Yakym celebrates Crypto Week with the passage of Pro-Crypto Legislation

 Today, Congressman Rudy Yakym (IN-02) voted in favor of three pro-crypto pieces of legislation, the Anti-CBDC Surveillance State Act (H.R. 1919), the CLARITY Act (H.R. 3633), and the GENIUS Act (S. 1582).

“As America navigates the rise of digital assets, these bills help ensure the U.S. continues leading the way in cryptocurrency and financial innovation by fostering innovation while setting clear boundaries for regulation and corporate accountability,” Rep. Yakym said. “They seek to create a future where cryptocurrencies, stablecoins, and other digital assets can thrive under thoughtful regulation that protects individual privacy, promotes transparency, and ensures that technological progress does not come at the expense of financial freedom or consumer trust.”

The Anti-CBDC Surveillance State Act (H.R. 1919) limits federal government power and protects Americans’ financial privacy by prohibiting the creation and use of a central bank digital currency.

The CLARITY Act (H.R. 3633) creates a framework for digital asset regulation that provides appropriate oversight by relevant agencies like the Commodity Futures Trading Commission and the Securities and Exchange Commission.

The GENIUS Act (S. 1582) sets rules for who can issue stablecoins in the U.S., requiring them to be fully backed by safe assets, who can issue stablecoins, and follow anti-money laundering laws, while saying these coins aren’t treated like stocks or bonds.