#USCryptoWeek
๐บ๐ธ US Crypto Week is heating up! ๐ฅ From July 14 to 18, the U.S. House of Representatives will debate three key crypto bills that could transform the world of digital assets ๐ธ๐:
- ๐ง GENIUS Act: Could become the first-ever federal law for stablecoins. It requires token issuers to back each coin 1:1 with liquid assets ๐ฐ๐ช. It's already passed the Senate and may reach President Trump's desk next week ๐๏ธโ๏ธ.
- ๐ CLARITY Act: Aims to clearly define the roles of the SEC and CFTC in crypto regulation. It promises long-awaited rules for launching tokens and DeFi platforms ๐งพโ๏ธ๐.
- ๐ซ Anti-CBDC Surveillance State Act: Seeks to block the development of a U.S. central bank digital currency (CBDC), over concerns about financial privacy ๐๏ธ๐๐ฆ.
Crypto supporters are fired up! ๐๐ฌ Groups like Stand With Crypto are rallying behind the bills while Bitcoin has already surged past $117,000 ๐จ๐๐งจ. On the flip side, Democrats launched their own โAnti-Crypto Corruption Week,โ saying the proposals donโt do enough to protect consumers ๐ซ๐ก๏ธ๐ฅ.
