Washington announced mid-July "Cryptocurrency Week", an event that marks a significant shift.

Leaders of the House from the financial services and agriculture sectors officially declared the period from July 14 to 18 as Cryptocurrency Week, during which three key cryptocurrency bills will be put to a vote - CLARITY, Anti-CBDC, and GENIUS.

This focused legislative effort addresses critical issues:

• Establishing clear legal frameworks for crypto assets

• Preventing a monitorable American central bank digital currency

• Setting standards for stablecoin issuers.

With the Senate approving GENIUS (by a vote of 68 to 30 on June 17), attention now turns to a comprehensive package that could solidify the United States' leadership in the cryptocurrency space.

Market Reaction

- Bitcoin's value hovered near its all-time highs as traders anticipated clarity.

Cryptocurrency stocks and stablecoin issuers surged due to innovation momentum.

Analysts warn that delays may disappoint hesitant institutional investors.

Stay tuned for the final House vote from July 14 to 18. A landslide victory for Trump paves the way for law signing, which could solidify the United States' position as a global cryptocurrency hub until late 2025.

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