U.S LAWMAKERS PREPARE MAJOR CRYPTO PUSH WITH TWO REGULATORY BILLS!

U.S. lawmakers are gearing up for a significant push in cryptocurrency regulation with two major bills set to be introduced in mid-July. The bills are part of a designated "Crypto Week" on Capitol Hill, running from July 14 to 18, where lawmakers will debate and vote on key legislation.

Key Bills:

- The CLARITY Act: Aims to define market structure and clarify which federal agencies have oversight over digital assets. It suggests splitting jurisdiction between the SEC and CFTC based on whether a token acts like a security or commodity.

- The GENIUS Act: Proposes a federal framework for stablecoins, outlining clear rules for issuing and backing dollar-linked digital tokens. It includes reserve requirements for issuers and clear registration guidelines for stablecoin companies operating in the U.S.

Objectives:

- Establish a clear regulatory framework for digital assets

- Promote innovation while ensuring consumer protection.

- Block the development of a U.S. central bank digital currency (CBDC), citing risks to privacy and civil liberties

Progress:

- The House Financial Services Committee is set to mark up the CLARITY Act, indicating progress toward a unified regulatory approach.

- Both the CLARITY Act and GENIUS Act have garnered bipartisan support, with lawmakers emphasizing the need for clear regulations to foster innovation and protect consumers.#TrumpTariffs #DayTradingStrategy #HODLTradingStrategy #US $BTC $ETH