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#USCryptoWeek "US Crypto Week" is set to take place from July 14 to 18, where the US House of Representatives will deliberate on key digital asset legislations. The bills up for discussion include : - *CLARITY Act*: Establishes a regulatory framework for digital assets, defining the roles of the SEC and CFTC. This bill aims to provide clarity on regulatory jurisdiction and consumer protections. - *GENIUS Act*: Creates a framework for stablecoins, requiring issuers to hold full reserves backed by the Federal Reserve. This act has already passed in the Senate and is expected to attract trillions of dollars into the US economy. - *Anti-CBDC Surveillance State Act*: Prohibits the Federal Reserve from developing, issuing, or using a Central Bank Digital Currency (CBDC) for monetary purposes. This bill aims to safeguard Americans' financial privacy. The goal of "Crypto Week" is to advance landmark legislation that establishes a clear regulatory framework for digital assets, ensuring the US remains a leader in innovation. The bills are expected to boost institutional and traditional investor participation in the crypto market . Some notable comments from lawmakers include : - Chairman French Hill: "We are taking historic steps to ensure the United States remains the world's leader in innovation." - Senator Cynthia Lummis: "For the first time in US history, we have a president who sees the value in embracing digital assets." The outcome of "Crypto Week" could significantly impact the crypto industry, potentially paving the way for increased adoption and investment. However, some critics have politicized crypto, while others see it as a bipartisan topic with broad support. #USCryptoWeek #TradingStrategyMistakes #ArbitrageTradingStrategy #BTCBreaksATH
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