#USCryptoWeek
Hi, crypto buddies and sharks of crypto ocean! 🖐😎🦈🌊
There are green weeks, working weeks, clean weeks, vacation weeks and...💣💥 Crypto week 💥
What? 🤔
Yes, crypto week... What does it mean? 😉
See below: 👇
The House of Representatives has dubbed July 14-18 "Crypto Week." Members are expected to vote on the GENIUS Act, which would enable private companies to issue stablecoins. A successful House vote would send the bill to the desk of President Donald Trump, who has expressed support for the proposal on social media.
The House is also expected to consider the Digital Asset Market Clarity Act, which would establish a framework for cryptocurrency regulation.
The bill would require companies issuing stablecoins to back them one-to-one with liquid cash.
Corporate interest in stablecoins appears to be on the rise. Walmart and Amazon are reportedly considering launching their own stablecoins, which shoppers could use as a payment option. Experts say that this could significantly change the payments landscape, since their widespread use might would allow the retail titans to reduce the billions of dollars in credit transaction fees they pay to Visa and Mastercard.
The CBDC Anti-Surveillance State Act, which would prevent the Federal Reserve from issuing a central bank digital currency, is also expected to be discussed.
What wiil be the results and final outcomes of US Crypto Week? 🤔
What will those bring to ordinary people and what to crypto enthusiasts?😯
Who will finally benefit from them? 🤔
Let's wait and see...😯🥺🧐⏰🤑💲💰💵💸
Wishing a good luck to all of you, friends! 😎👍