H.R. 1919 – Anti-CBDC Surveillance State Act; H.R. 3633 – Digital Asset Market Clarity Act of 2025; S. 1582 – GENIUS Act; H.R. 4016 – Department of Defense Appropriations Act, 2026
2025-07-14
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Source: Congress.gov
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S. 1582, the Bipartisan Genius Act, establishes a pro-growth regulatory framework for payment stablecoins. This legislation is historic, and it will help propel responsible innovation within America and lead us to securing an even stronger foothold within the global financial system. The aims of this legislation are simple to increase regulatory clarity, reinforce consumer protection and ensure that the security of our financial system remains sound and not, encumbered. S-1582 also affirms the dominance of the U.S. dollar, something we can all agree is incredibly pertinent. H.R. 1919, the Anti-CBDC Surveillance State Act, would amend the Federal Reserve Act to prohibit the Federal Reserve Banks from offering certain products or services directly to an individual and to prohibit the use of central bank digital currency for monetary policy. In short, H.R. 1919 expresses the sense of Congress that the Board of Governors of the Federal Reserve currently does not have the authority to issue a central bank digital currency and will not have such authority unless Congress grants it under Congress's Article I, Section 8 powers. The federal government has absolutely no business whatsoever in creating mechanisms that allow for financial surveillance. Doing so would lead to flagrant abuses of consumer privacy. That's an unacceptable outcome that simply cannot be allowed to happen. This legislation would prevent the federal government from exercising unilateral authority in using the financial system as a cudgel against American consumers.
It's critical that Congress passes this legislation so that the financial privacy of American consumers remains protected and free from undue influence. H.R. 3633, the Digital Asset Market Clarity Act of 2025, establishes a set of functional, concise requirements for participants of the digital asset market while also spurring innovation and putting consumer protection first. This is another strong piece of legislation that will help cement America's leadership and standing within the global financial system. To dispense with the regulatory ambiguity and regulation by enforcement that has ultimately stifled innovation, H.R. 3633 works to establish a clear framework for digital asset markets while closing regulatory gaps. It is true that digital assets and other related forms of blockchain technology can help unlock a new era of innovation that can only happen when there's a clear roadmap for everyone. Entrepreneurs, developers, consumers. This legislation offers common sense solutions that will help encourage innovation and lead to even further opportunities within the global financial system for America. H.R. 4016, the Department of Defense Appropriations Act of 2026, provides for appropriations for the DOD for the fiscal year ending on September 30, 2026. The bill provides a total discretionary allocation of $831.5 billion, the same as the fiscal year 2025 enacted level and adheres to the discretionary budget top line put forward in the President's FY26 budget request.
It provides $189 billion for active reserve and National Guard military personnel, which is $6.6 billion above the fiscal year 2025 enacted level. In addition to the continuation of historic pay increases, in FY 2025 for junior enlisted service members. This legislation includes a 3.8 percent increase in basic pay for all military personnel effective January 1, 2026. It makes key investments in research and development, procurement, operation and maintenance, and other critical areas throughout the Department of Defense. Funding is also allocated for the Golden Dome for America for strengthening the industrial base and for other strategic priorities of the DOD. Congress's most important duty is to provide for the common defense and general welfare of the nation. It is abundantly clear that this legislation must be passed so that we can continue to uphold that duty. As always, I certainly welcome our Democrat colleagues to join us. in voting in favor of these four separate measures.
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