U.S. lawmakers have designated July 14–18 as “Crypto Week,” highlighting three significant bills: the GENIUS Act (focused on stablecoin regulation), the Digital Asset Market Clarity Act (defining roles of regulatory bodies), and the Anti-CBDC Surveillance State Act (aimed at preventing a U.S. central bank digital currency). The GENIUS Act, having passed the Senate in June, is expected to be signed by President Trump, setting reserve and transparency requirements for stablecoin issuers. Meanwhile, the House Ways & Means Committee will hold a hearing on July 16 to discuss crypto taxation. Anticipation surrounding Crypto Week has pushed Bitcoin to record highs above $118,000, boosting crypto stocks. Supporters hope for clearer regulations and innovation, while critics express concern about potential risks to consumer protections.
