Congress Considering Crypto Bills to Regulate Digital Assets, Stablecoins, and Anti-Money Laundering

Congress is working on standalone crypto bills that address the regulation of digital assets, stablecoins, and anti-money laundering measures. The bills aim to determine whether digital assets should be treated as securities or commodities, establish regulatory regimes for stablecoins, and ensure compliance with the Bank Secrecy Act. The legislation is currently being debated and will need to pass both houses of Congress before becoming law.