✍️Members of the U.S. House of Representatives have announced "Crypto Week," which will take place from July 14 to July 18, during which they will focus their efforts on developing legislation related to the cryptocurrency industry that is awaiting full approval.
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The notable announcement was supported by key figures in Congress such as French Hill, Chairman of the Financial Services Committee, and Glenn Thompson, Chairman of the Agriculture Committee, perhaps in response to recent statements by Donald Trump in which he called for the passage of regulations related to cryptocurrencies as soon as possible.
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During this session, lawmakers pledged to address three major bills that comprehensively target the industry: the CLARITY Act, the GENIUS Act, and the Anti-Central Bank Digital Currency Act, which seeks to prevent the Federal Reserve (FED) from issuing a central bank digital currency (CBDC) directly to citizens or through intermediaries, a concept that Trump has previously expressed opposition to.
The CLARITY Act aims to clearly establish the regulatory framework for cryptocurrencies and create clear boundaries between the powers of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), while the GENIUS Act, which has already been passed by the Senate, regulates stablecoins and imposes strict requirements on issuers of these currencies.$BTC $ETH $XRP #OneBigBeautifulBill #REX-OSPREYSolanaETF #NFPWatch #TrumpVsMusk #GENIUSActPass