#USCryptoWeek
The U.S. Congress is preparing for 'Crypto Week' as the industry urges lawmakers to take action
The U.S. House of Representatives is gearing up for what Republican leaders are calling 'Crypto Week', a legislative push set to take place from Monday to Friday next week that could reshape the future of digital asset regulation in the country.
This week's episode of Byte-Sized Insight explores the political risks of these laws, the lobbying efforts of the industry, and whether bipartisan support is enough to push legislation across the finish line.
Lawmakers are expected to discuss and vote on three significant bills: the CLARITY Act, which would define regulatory oversight of cryptocurrency markets; the GENIUS Act, which creates a framework for stablecoins and has already been approved by the Senate; and the State Digital Currency Monitoring Act, which would prohibit the creation of a U.S. central bank digital currency