The GENIUS Act focuses on stablecoins, which are digital currencies tied to real-world assets like the U.S. dollar. This bill provides a regulatory framework for the issuance of payment stablecoins, which are currently offered in the U.S. with minimal federal oversight. The GENIUS Act has already passed the Senate with bipartisan support and is expected to be approved by the House, sending it to President Trump for signing. The bill's passage could accelerate the integration of stablecoins into mainstream commerce, with major companies like Walmart and Amazon considering launching their own stablecoins, according to the House Financial Services Committee.

Lastly, the CBDC Surveillance State Act aims to prevent the Federal Reserve from issuing a Central Bank Digital Currency (CBDC), which some fear could undermine financial privacy. This bill seeks to protect Americans' right to financial privacy by prohibiting the creation of a CBDC by unelected officials in Washington, D.C.

The outcome of these votes could significantly reshape the U.S. digital asset landscape, providing much-needed regulatory clarity and potentially positioning the U.S. as a leader in the global crypto market. As Reuters reports, the anticipation of these legislative moves has already contributed to a surge in Bitcoin prices, reflecting investor optimism about the future of crypto regulation in the U.S.