Coin World News reports that due to the U.S. House of Representatives' failure to advance the GENUIS Act and the CLARITY Act, two key pieces of legislation targeting the cryptocurrency industry, cryptocurrency prices experienced a temporary decline. However, Oppenheimer analyst Owen Lau stated that the recent reactions in the cryptocurrency market have been exaggerated. The passage of the related legislation is a matter of 'when' rather than 'if.' If the three bills are passed together, the market could respond more positively.