#USCryptoWeek

What To Expect from the US House’s 'Crypto Week'

👉 The House of Representatives has dubbed July 14-18 "Crypto Week."

👉 Members are expected to vote on the GENIUS Act, which would enable private companies to issue stablecoins. A successful House vote would send the bill to the desk of President Donald Trump, who has expressed support for the proposal on social media.

👉 The House is also expected to consider the Digital Asset Market Clarity Act, which would establish a framework for cryptocurrency regulation.

U.S. representatives are expected to vote on the GENIUS Act, a bill that would enable private companies to issue stablecoins, a type of cryptocurrency that has its value tied directly to a state-issued currency, often the U.S. dollar. The bill would require companies issuing stablecoins to back them one-to-one with liquid cash.

Corporate interest in stablecoins appears to be on the rise. Walmart (WMT) and Amazon (AMZN) are reportedly considering launching their own stablecoins, which shoppers could use as a payment option. This, experts say, could significantly change the payments landscape, since their widespread use might would allow the retail titans to reduce the billions of dollars in credit transaction fees they pay to Visa (V) and Mastercard (MA).