Bangladesh, July 20 -- In what Republican lawmakers hailed as “Crypto Week,” the US House of Representatives approved a series of landmark bills that are expected to shape the future of digital asset regulation in the country. Chief among them is the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which passed both chambers of Congress with bipartisan support and now awaits President Donald Trumps signature. The legislation is being lauded by crypto advocates as a turning point that could make the United States a global leader in cryptocurrency regulation. Yet critics warn it could also open the floodgates to illicit financial activity and leave everyday consumers dangerously exposed.

The GENIUS ...