The project on stablecoins, called the GENIUS Act, may be quickly approved and sent for President Donald Trump's sanction before the August recess.

07/16: The House Ways and Means Committee will hold a hearing on crypto taxation, with not many details released yet.

07/18: If the GENIUS Act is approved, the president may sign the bill.

The GENIUS Act, already approved in the Senate, establishes guidelines for the issuance and oversight of stablecoins in the U.S.

The expectation is that the three projects will receive bipartisan support during this Crypto Week. Despite this, Democratic lawmakers, such as Maxine Waters, criticize the advancement of the proposals, suggesting they may benefit the personal interests of President Trump, who has ties to the crypto sector.

If approved, these measures would represent the largest legislative advance in U.S. history regarding cryptocurrencies, and 'Crypto Week' would go down in history for the sector.