Today, Congressman Dan Meuser from Pennsylvania’s 9th District played a significant role in the House passage of three major bills: the Anti-CBDC Surveillance State Act, the GENIUS Act, and the CLARITY Act. He described these as “critical steps toward securing America’s role as the gold standard of the global financial system.”
Rep. Meuser expressed gratitude to Financial Services Chairman French Hill for his leadership in advancing these bills through both Committee and House stages. He also highlighted President Trump’s dedication to establishing the United States as a leader in cryptocurrency and financial technology.
The Anti-CBDC Surveillance State Act aims to prevent the issuance of a central bank digital currency (CBDC) by prohibiting the Federal Reserve from issuing it directly or indirectly. The bill emphasizes that any CBDC requires Congressional authorization, as stated in Article I, Section 8 of the Constitution. “A central bank digital currency would centralize unprecedented power in the federal government,” said Meuser.
The GENIUS Act establishes guidelines for U.S. banks to issue stablecoins backed by the dollar while ensuring consumer protection and supporting the dollar’s role as a global reserve currency. Stablecoins are digital dollars designed to enhance payment speed and transaction quality without compromising privacy protections. “The GENIUS Act is smart, forward-looking policy,” Meuser explained.
The CLARITY Act provides a legislative framework for companies to issue cryptocurrencies and trade digital assets on U.S. exchanges with consumer protections enforced by both SEC and CFTC. “The CLARITY Act gives investors and financial institutions regulatory certainty,” Meuser noted.
All three bills have now been sent to President Trump for his signature.
Meuser voted for all three bills in Committee and supported their passage on the House floor, cosponsoring each piece of legislation. He concluded by affirming that “President Trump’s agenda is clear: America will not cede leadership in financial innovation.”
Congressman Meuser serves as Chairman of the Subcommittee on Oversight and Investigations for the House Financial Services Committee.
