The crypto market is bracing for a wave of volatility in the coming weeks as the U.S. House of Representatives prepares to discuss three key bills addressing digital asset regulation.
House lawmakers will consider the GENIUS Act, the CLARITY Act, and the Anti-States CBDC Surveillance Act all in the same week, raising expectations that crypto regulation will reach President Trump's desk before the August recess.
The GENIUS Act and the CLARITY Act focus on regulating the issuance of cryptocurrency and establishing a comprehensive regulatory framework for digital assets in the U.S.
The GENIUS Act specifically targets stablecoins, requiring issuers to hold full reserves backed by the Federal Reserve, as well as comply with anti-money laundering (AML) laws to ensure consumer protection and market stability.
The Anti-States CBDC Surveillance Act is a bill aimed at limiting the Federal Reserve (The Fed) from developing, issuing, or using Central Bank Digital Currency (CBDC) for monetary purposes.
Developments on each proposed bill could trigger a surge in top cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, BNB, Solana (SOL), and Tron (TRX). Most of these Layer 1 tokens could benefit from the legislation, as they lead in several key metrics in the stablecoin and DeFi sectors.
