#USCryptoWeek

US Crypto Week is a significant event that kicked off on July 14 and will run until July 18, 2025. During this week, the US House of Representatives will debate and vote on three major cryptocurrency-related bills that could shape the future of digital assets in the country.

Key Bills Under Debate

- *The GENIUS Act*: This bill aims to establish a regulatory framework for stablecoins, requiring issuers to maintain full reserve backing in liquid assets like US dollars and Treasury bills, along with transparent monthly disclosures. It has already passed in the Senate and has a strong chance of becoming law.

- *The CLARITY Act*: This bill seeks to define the roles of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in regulating digital assets, providing clarity on whether tokens fall under securities or commodities. According to Polymarket, this act has a 53% chance of becoming law.

- *The Anti-CBDC Surveillance State Act*: This bill is designed to block the Federal Reserve from launching a central bank digital currency (CBDC), safeguarding financial privacy.

Impact on the Market

The anticipation of these bills has already led to a surge in Bitcoin's price, which recently crossed $118,000, driven by ETF inflows and policy optimism. Other cryptocurrencies like Ether, XRP, and Solana have also seen significant gains, with the total crypto market value exceeding $3.67 trillion. Crypto-linked stocks, such as MicroStrategy, Riot, and Hut 8, have also risen.

What's Next?

The outcome of these bills will likely have a significant impact on the crypto industry, providing clearer legal frameworks and potentially boosting investor sentiment. If passed, the GENIUS Act will go straight to the White House, while the other bills will head to Senate review before potentially being signed into law ¹ ².