Crypto Week’ approaches: Will these three pro-crypto bills pass?

Lawmakers in Washington are preparing to enact three bills aimed at the blockchain sector during an event they have termed "crypto week."

The US Congress has been engaged in drafting legislation that the crypto industry lobby asserts will provide clarity to the sector and facilitate its growth, primarily through two proposed laws that regulate stablecoins and establish a framework for the crypto market.

Additionally, Congress is deliberating a law that would prohibit the establishment of a central bank digital currency (CBDC).

Support for crypto has emerged from both political parties, with lawmakers from both the Democratic and Republican sides proposing various amendments to the bills currently under review.

Prominent crypto exchanges operating within the United States, have also intensified their advocacy for this legislation. As Congress prepares to act on three significant bills during Crypto Week, this overview highlights what is being considered and its implications for the crypto industry