This week, the US Congress is set to discuss three bills concerning cryptocurrencies and digital assets as part of a 'crypto week'.
Discussion of Crypto Bills
The House Committee on Rules has scheduled a meeting to review three bills: the Anti-CBDC Surveillance State Act, the Digital Asset Market Clarity Act, and the Guiding and Establishing National Innovation for US Stablecoins Act. These bills aim to create a regulatory framework that proponents argue will foster innovation in cryptocurrencies.
Democratic Amendments Proposal
Democrats have submitted several amendments to address concerns about corruption in the crypto space. One proposal aims to ban government officials and their immediate families from promoting or holding cryptocurrency. Representative Maxine Waters, who has opposed the bills, stated that they are effectively written for the crypto industry.
Potential Vote Before August Recess
The Committee meeting will begin what may be several attempts from lawmakers to prepare the crypto bills for a floor vote before the August recess. Advocacy groups tied to the crypto industry are urging for the bills to be passed swiftly.
The discussions surrounding the crypto bills highlight the active political discourse regarding the regulation of digital assets in the US.
