The United States Congress has announced the 'Crypto Week' starting July 14, during which three key digital asset bills will be reviewed.
Proposed Legislation
During 'Crypto Week', US lawmakers plan to discuss three key bills: the CLARITY Act, the Anti-CBDC Act, and the GENIUS Act.
House Financial Services Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson emphasized in a statement that the initiative is part of efforts to make the US the crypto capital of the world.
'We are taking historic steps to ensure the United States remains the world’s leader in innovation, and I look forward to ‘Crypto Week’ in the House,' said Hill.
He added that after years of work in Congress on digital assets, they are now making significant progress toward creating a clear regulatory framework. The proposed laws aim to protect consumers and investors by setting rules for issuing and managing dollar-backed stablecoins and permanently preventing the creation of a Central Bank Digital Currency (CBDC).
Democratic Opposition
The Senate also passed the GENIUS Act, which is now awaiting a vote in Congress. The House appears to be prioritizing it over its own STABLE Act.
One of the main differences between the two is how stablecoin issuers would be supervised, with the former calling for state-level supervision while the latter would allow for federal oversight.
Meanwhile, Democratic lawmakers have opposed the GENIUS Act and the broader crypto market structure bill due to concerns over President Trump’s personal and financial ties to the crypto industry.
Conclusion
With the approaching 'Crypto Week' in the US, the discussion of digital asset regulation is becoming especially relevant, and public attention will be focused on the proposals and potential changes in legislation.
As 'Crypto Week' approaches in the US, the discussion surrounding digital asset regulation becomes increasingly significant, and public attention will be directed towards the proposed legislative changes.
