#USCryptoWeek U.S. Crypto Week: Major Votes Incoming šŗšøš§
From July 14ā18, the U.S. House will vote on three key crypto bills that could reshape the industry:
š¹ GENIUS Act šµ
Stablecoin regulations: Requires 1:1 reserves in cash or T-bills, bans interest payments. Already passed the Senate ā . Introduces federal licensing for issuers.
š¹ CLARITY Act āļø
Regulatory clarity: Splits oversightāSEC for securities šļø, CFTC for commodities. Clearly defines decentralized, transferable assets as "crypto commodities."
š¹ Anti-CBDC Act š«
Blocks the Fed from issuing retail digital dollars, citing privacy and surveillance risks. Passed House in 2024.
Why it matters:
The GENIUS Act could be signed into law by July 18 šļø
The CLARITY Act faces resistance in the Senate š
Together, these bills mark the first comprehensive U.S. crypto regulations šāpotentially boosting market confidence while raising concerns over long-term impacts.
These decisions could define global crypto leadership š