#CryptoNews The U.S. House of Representatives is holding "Crypto Week" on July 14 to discuss three key bills:
* CLARITY Act: Aims to clarify cryptocurrency regulation by categorizing digital assets as either commodities (like Bitcoin) or securities, and defining the jurisdiction of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). This provides clarity for businesses and protects consumers.
* GENIUS Act: Already passed by the Senate, this act establishes a comprehensive framework for stablecoins, outlining who can issue them and reserve requirements. The goal is to integrate stablecoins into mainstream finance while ensuring consumer protection.
* Anti-CBDC Surveillance State Act: This bill prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) directly or indirectly to individuals. Its purpose is to safeguard financial privacy and prevent potential government surveillance.
These legislative efforts aim to position the United States as a global leader in digital assets, foster innovation, and provide regulatory certainty.
