This week in Washington is marked as 'Crypto Week', during which two important bills are being discussed that may change the regulation of digital assets in the US.
GENIUS Act: Stablecoins
The GENIUS Act, concerning stablecoins, has already passed the Senate and will be voted on in the House of Representatives on Thursday. If approved, it will be the first independent cryptocurrency regulation in US history.
CLARITY Act and Cryptocurrency Status
The CLARITY Act, which aims to clarify whether digital assets are securities or commodities, is also scheduled for discussion in the House of Representatives on Wednesday. It is expected to pass with bipartisan support, although its future in the Senate remains uncertain.
Bill to Ban CBDC
Another key item for the crypto industry is a separate bill that would ban the Federal Reserve from issuing digital dollars. This bill is also anticipated to be voted on by the House of Representatives on Wednesday.
The passage of these bills could significantly influence the development of the cryptocurrency sector in the US and the confidence of investors in this segment.
