According to Deep Tide TechFlow, on July 7, Crypto In America reported that the Senate Banking Committee will hold a cryptocurrency market structure hearing on Wednesday and plans to release a draft discussion on the regulatory framework. The draft will incorporate key elements from the 2023 Lummis-Gillibrand bill and the House CLARITY Act, aiming to complete market structure legislation before the August recess.
Next week, the House of Representatives will vote on three important bills: the Senate's stablecoin bill (GENIUS Act), the CLARITY Act, and the anti-CBDC surveillance bill. The GENIUS Act is expected to be directly submitted to President Trump for signing without amendments.
Meanwhile, the Trump administration's Digital Asset Market Working Group is expected to release its first important report on July 22, which may include recommendations for establishing a Bitcoin strategic reserve and ensuring that crypto companies receive fair banking services.
The witnesses for this hearing include Ripple CEO Brad Garlinghouse, Blockchain Association CEO Sumner Mersing, Chainalysis CEO Jonathan Levin, and Paradigm partner Dan Robinson.
