From July 14th, the US will celebrate Crypto Week where lawmakers will discuss essential initiatives about digital asset regulation.
Goals of Crypto Week
During Crypto Week, three major bills will be discussed: CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act. Lawmakers aim to establish a clear regulatory framework for digital assets and protect citizens' financial privacy.
Historic Steps in Cryptocurrency Regulation
Chairman of the House Financial Services Committee, French Hill, stated that this initiative results from years of effort to establish a regulatory framework that protects consumers and investors. "We are advancing landmark legislation to set clear rules for digital assets and stablecoins," he noted.
Significance of Crypto Week for the US
The Crypto Week initiative aims to strengthen the US position as a leader in digital asset innovation. As Chairman Tim Scott points out, the focus is on safeguarding consumers and fostering businesses related to Web3 and blockchain technologies.
Crypto Week in the US is a significant event that could substantially reshape the digital asset market and its regulation, promoting further growth and development in the sector.
