❤️❤️❤️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.