Cryptocurrency Week in the U.S. from July 14 to 18 may mark a significant turning point in the country’s global leadership position in cryptocurrency.
Three major bills concerning stablecoins, cryptocurrency regulation, and CBDCs under consideration will form the foundation for U.S. cryptocurrency policy in the near future.
MAIN CONTENT
The U.S. has the opportunity to become the global cryptocurrency hub thanks to new legislation.
The GENIUS Act establishes the first regulations for stablecoins, reflecting the U.S.'s seriousness about cryptocurrency.
The CLARITY Act and Anti-CBDC create transparency and protect financial privacy in the cryptocurrency ecosystem.
How can the U.S. become the world's cryptocurrency center?
Bo Hines, Director of Digital Assets at the U.S. Cryptocurrency Council, states that the U.S. is on the brink of becoming the global cryptocurrency hub thanks to clear regulatory progress and bipartisan support.
"This is an important week in the House – an opportunity for the U.S. to become the world's cryptocurrency center."
Bo Hines, Director of Digital Assets, 07/11/2025
With clarity on the legal framework, the U.S. will enhance trust for investors and developers, fostering innovation and attracting significant investment.
What is the GENIUS Act and why is it important?
The GENIUS Act is the first comprehensive bill in the U.S. aimed at regulating USD-based stablecoins, which has been passed by the Senate and is awaiting presidential signature.
Define the process for issuing stablecoins.
Protect consumers and encourage responsible innovation.
Mark a turning point in legalizing stablecoins in the U.S.
This bill demonstrates the U.S. government's serious commitment to integrating stablecoins into the mainstream financial system.
How will the CLARITY Act impact the cryptocurrency market?
The CLARITY Act is expected to be voted on in the Senate during Cryptocurrency Week. The aim is to provide a clear distinction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding the regulation of digital assets.
Clearly define the regulatory agency responsible for each type of cryptocurrency.
End prolonged legal disputes, thereby minimizing risks for investors.
Pave the way for institutional investment into the U.S. cryptocurrency market.
This is an important step to help the cryptocurrency market develop sustainably and gain wider acceptance.
How does the Anti-CBDC Act protect financial privacy?
The Anti-CBDC Surveillance State Act proposes to ban the issuance of a government-controlled digital USD to protect users' financial privacy.
Responding to concerns about surveillance and control over personal data.
Support the trend against the concentration of power in the financial system.
Receive strong support from privacy advocacy groups and those favoring limited government intervention.
This act contributes to creating an important debate about the balance between financial innovation and privacy rights.
Why is there strong opposition during Cryptocurrency Week?
Some lawmakers like Maxine Waters and Stephen Lynch have launched the 'Cryptocurrency Anti-Corruption Week' to oppose the GENIUS and CLARITY bills along with the anti-CBDC bill.
"These bills could pave the way for cryptocurrency corruption in the direction of former President Trump."
Eleanor Terrett, Financial Journalist, 07/11/2025
This campaign accuses the bills of being too lenient and lacking transparency, while also proposing stricter regulations to protect users from risks and unethical behavior in the cryptocurrency sector.
How important is Cryptocurrency Week for the future of U.S. cryptocurrency?
This week is not just a legislative moment but also plays a role in shaping the U.S. strategy for cryptocurrency development in the next decade.
Remove stablecoins from a zone of legal ambiguity with a clear regulatory framework.
Provide legal certainty for investors and businesses.
Protect financial privacy against excessive government control.
This is an opportunity for the U.S. to build a safe, innovative, and reasonably regulated cryptocurrency ecosystem, contributing to enhancing its international standing.
Frequently Asked Questions
What is the GENIUS Act? The GENIUS Act is the first U.S. legislation regulating the issuance of stablecoins based on the USD, aiming to create a clear legal framework for this market.
What issues does the CLARITY Act address? The CLARITY Act clearly delineates between regulatory agencies, helping to eliminate legal disputes that hinder the cryptocurrency market.
What interests does the Anti-CBDC Act protect? This bill restricts the issuance of a government-controlled digital USD to protect users' financial privacy.
Why is Cryptocurrency Week important? This is a decisive time for core cryptocurrency policies in the U.S., which will have far-reaching effects on the global ecosystem.
What is the main opposition to these bills? Some lawmakers are concerned that the bills are too lenient, lack oversight, and could lead to corruption, proposing stricter regulations.
Source: https://tintucbitcoin.com/bo-hines-keu-goi-my-thanh-thu-do-tien-so/
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