” . The US House of Representatives has designated the week of July 14 as “Crypto Week” to advance three significant pieces of cryptocurrency legislation. This move is seen as a pivotal moment for the US to establish a clear and pro-innovation regulatory framework for digital assets. The bills to be considered include the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act. House Speaker Mike Johnson, Financial Services Committee Chair French Hill, and Agriculture Committee Chair GT Thompson announced this initiative. The legislation aims to address key issues such as stablecoin oversight, crypto market rules, and the permanent ban on the creation of a US Central Bank Digital Currency (CBDC). This effort aligns with President Donald Trump’s pro-crypto agenda and reflects years of bipartisan work. The CLARITY Act, which passed through the House panel with a 47-6 vote last month, seeks to define the boundaries between crypto commodities and securities. This bill is expected to provide regulatory clarity and potentially attract more institutional investors to the crypto market. The GENIUS Act, which focuses on stablecoin regulation, is a top priority during Crypto Week. The Senate approved this bill last month with a 68-30 vote. The House had previously proposed its own stablecoin legislation, the STABLE Act, but is now turning to the Senate’s version. The Anti-CBDC Surveillance State Act aims to prevent the creation of a federal digital dollar. This bill passed out of the US House Financial Services Committee with a 27-22 vote in April. According to Majority Leader Steve Scalise, these legislative efforts not only advance the President’s pro-growth agenda but also provide a clear regulatory framework for digital assets. Rep. Tom Emmer, a prominent crypto advocate, stated that these bills bring the US closer to achieving clarity in digital assets, defending financial privacy, and reinforcing the country’s leadership in crypto innovation. Legislators view this week as a historic opportunity for the US to deliver a comprehensive, pro-innovation framework for cryptocurrency. The package of legislation addresses stablecoin oversight, crypto market rules, and the permanent ban on a US CBDC. This move is expected to foster the country’s position as a global leader in digital assets and protect financial privacy. The bills are set to be brought to a vote during Crypto Week, marking a significant step towards regulatory clarity in the crypto industry. . ”
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