$BTC
US House to Approve Multiple Crypto Bills in July?
The US House aims to pass the GENIUS Act, a stablecoin bill that has already passed in the US Senate. The bill aims to establish clear guidelines for dollar-pegged cryptocurrencies, projected to attract trillions of dollars into the US economy. Notably, Trump has passionately called on the House to expedite the bill’s delivery to him for final approval.
Furthermore, the House would also attempt to pass the CLARITY Act and quickly move it to the Senate. Remarkably, the bill has already passed a vote from both the Agriculture and Financial Services Committees and now requires full House support to pass.
Finally, the US House would deliberate on the Anti-CBDC Surveillance State Act, a bill that aims to prohibit the Central Bank from establishing a digital currency. The House Financial Services Committee approved the legislation with a slim 27-22 vote in April, keeping the proposal alive.
Meanwhile, several remarks followed the announcement, with several members of the House of Representatives expressing their optimism ahead of “Crypto Week.” Chairman Hill called the move a “historic step” to ensure that the United States remains the world’s leader in the crypto landscape.
