Congressman Meuser Helps Lead Passage of the GENIUS Act, Anti-CBDC Act, and CLARITY Act: “America Will Lead the World in Financial Innovation”

Washington, D.C. – Today, Congressman Dan Meuser (PA-09) debated and helped lead the House passage of three landmark bills—the Anti-CBDC Surveillance State Act, the GENIUS Act, and the CLARITY Act—calling them, “critical steps toward securing America’s role as the gold standard of the global financial system. As a part of Financial Services leadership, I’ve seen the hard work the Committee has put into all three of these bills since I joined the Committee three years ago.”

Rep. Meuser thanked Financial Services Chairman French Hill for his leadership in shepherding all three bills through Committee and the House, and highlighted President Trump’s commitment to making the United States the world’s leader in cryptocurrency and financial technology. 

The Anti-CBDCSurveillance State Act prohibits the issuance of a central bank digital currency (CBDC). The legislation specifically bars the Federal Reserve from issuing a CBDC directly to individuals or indirectly through a third party. Importantly, the bill reinforces that any CBDC requires the authorization of Congress, as made clear in Article I, Section 8 of our Constitution. Watch his remarks on the Anti-CBDC Surveillance State Act here. 

“A central bank digital currency would centralize unprecedented power in the federal government and could open the door to real‑time surveillance of every financial transaction in America”, Meuser said. “As the Subcommittee Chairman on Oversight and Investigations, I’ve witnessed firsthand regulatory overreach into everyday American’s lives. That’s whyeven though the Constitution is clear, this bill restrains the Fed from even considering a central bank digital currency and reinforces constitutional authority over currency within the hands of the people’s representatives.

The GENIUS Act, which passed the House today, establishes a framework for U.S. banks to issue stablecoins backed by the dollar, ensures consumer protection, and supports the dollar’s role as the world’s reserve currency. Stablecoins are digital dollars that can be used to improve payment speed and transaction quality, all while maintaining the privacy protections Americans already enjoy at their local bank. Private stablecoins, which the GENIUS Act creates, are not central bank digital currencies, something Republicans strongly oppose. Watch his remarks on the GENIUS Acthere. 

“The GENIUS Act is smart, forward-looking policy that allows the U.S. banking system to be competitive globally and improve services to bank customers,” Meuser explained. “This bill achieves three goals: it preserves the dollar’s role as the world’s reserve currency, provides a private-sector alternative to a government-run digital dollar, and modernizes payments to reduce costs and expand access to capital.”

The bill now heads to President Trump’s desk for signature.

The CLARITY Act creates a legislative framework for companies to issue cryptocurrencies and trade digital assets, whether a commodity or security, on U.S. exchanges. The bill also establishes consumer protections and regulations, enforced by both the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Lastly, the CLARITY Act establishes clear registration and disclosure regimes with both the CFTC and SEC, ensuring that firms can lawfully serve customers in the ever-growing digital asset marketplace. 

“The CLARITY Act gives investors and financial institutions the regulatory certainty they need to compete and succeed here in the United States—not overseas”, Meuser said. “Without this legislation, U.S. capital markets would continue to face uncertainty as to whether buying and selling crypto is even legal. This legislation makes it clear, the United States is open for business and we want to be part of the digital financial future.”

Rep. Meuser voted for all three bills in the House Financial Services Committee and supported their passage on the House floor. He cosponsored all three pieces of legislation as well. 

“President Trump’s agenda is clear: America will not cede leadership in financial innovation to China or Europe,” Meuser added. “We will remain the global standard—where freedom, privacy, and innovation thrive.”

Congressman Meuser serves as the Chairman of the Subcommittee on Oversight and Investigations for the House Financial Services Committee.