
Congress divided as GOP-backed crypto bills face backlash
Washington’s “crypto week” erupted into a fierce partisan battle in Congress. Republicans introduced a trio of bills to reshape digital asset policy, only to face sharp pushback from Democrats accusing them of favoring corporate interests over everyday Americans. The proposed legislation, comprising the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act, was introduced in the House of Representatives to address data privacy compliance and future digital currency systems. GOP lawmakers argue the bills are crucial to maintaining the US’s competitive edge in financial innovation. However, during a heated Rules Committee hearing on Monday, Democratic Rep. Jim McGovern…








