Attention, This Date is Important: It Has Been Declared Crypto Week in the US – Here’s What to Expect

The US House of Representatives has declared the week of July 14 as “Crypto Week.” It was announced that this week three important crypto legislations, namely the GENIUS Act, the CLARITY Act, and the Anti‑CBDC Surveillance State Act, will be brought to a vote in the lower house. Republican officials from the Financial Services Committee announced in a statement that this week has been designated as “Crypto Week” by Committee Chair Rep. French Hill, Agriculture Committee Chair GT Thompson, and House Rules Leadership. The latest information regarding the draft laws was as follows: The GENIUS Act was approved by the Senate with a large majority in June, taking an important step towards stablecoin regulation. CLARITY Act: Classifies digital assets as securities or commodities, creating a clear distinction between regulatory agencies such as the SEC and CFTC. Anti-CBDC Act: Aims to provide protection against the pervasive surveillance/government control mechanisms of centralized bank-based digital currencies. Related News: Company Known as the MicroStrategy of Solana Purchases Massive Amount of SOL The House is gearing up for next week’s single-session “crypto marathon.” With this crucial vote, the U.S. is expected to put together a comprehensive legislative package on digital assets that includes both stablecoin and general crypto regulations. The House plans to send these bills to Trump’s desk after taking them to a vote, meaning a speedy legislative process before the summer recess (August). *This is not investment advice. Continue Reading: Attention, This Date is Important: It Has Been Declared Crypto Week in the US – Here’s What to Expect