๐บ๐ธ US House says it's taking "historic steps to ensure the US remains the crypto capital of the world."
The US House of Representatives is taking significant steps to establish the country as a global leader in cryptocurrency regulation. Here's what's happening:
Crypto Week: The House will consider key bills, including the CLARITY Act and the GENIUS Act, during "Crypto Week" starting July 14.
Legislative Focus: These bills aim to create a clear regulatory framework for digital assets, protecting consumers and investors while promoting innovation.
Regulatory Clarity: Chairman French Hill emphasizes that clear rules are crucial for the US to remain a leader in digital assets, citing the need for simple, commonsense rules for stablecoins and market structure.
Some key initiatives include:
Strategic Bitcoin Reserve: An executive order establishing a strategic Bitcoin reserve to maximize the value of governmentheld digital assets.
Digital Asset Stockpile: A stockpile of digital assets other than Bitcoin, acquired through forfeiture proceedings, to be managed responsibly.
AntiCBDC Surveillance State Act: A bill blocking the issuance of central bank digital currencies (CBDCs) to safeguard financial privacy.
These efforts align with President Trump's vision to make the US the "crypto capital of the world" and promote economic growth through digital assets.