Crypto Bills Welcomed by Venture Capital, Trade Group Says — Market Talk

The venture capital industry's main trade group saluted the House passage of three cryptocurrency-related bills. "These bills will enhance the venture industry's ability to back transformative companies and drive lasting economic growth," said Bobby Franklin, president and CEO of National Venture Capital Association. He said the bills, GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act, establish a clear regulatory framework for stablecoins and other digital assets. Crypto startups globally raised $4.9 billion via 446 venture-capital deals in the first quarter of this year, according to research from Galaxy. Of those deals about 39% were for companies based in the U.S. ( yuliya.chernova@wsj.com )