The US House of Representatives to Review Key Cryptocurrency Legislation
According to Block Beats, Republican leaders in the US House of Representatives announced plans to review three important bills related to cryptocurrency during the week of July 14. These bills include the GENIUS Act on stablecoins, which has already been passed by the Senate, the Digital Asset Market Structure Clarification Act, and a proposal to restrict the Federal Reserve from issuing a central bank digital currency.
It is worth noting that although the House had previously put forward its own stablecoin bill, known as the STABLE Act, it will prioritize the Senate-approved version of the GENIUS Act to expedite the legislative process. The Digital Asset Market Structure Clarification Act aims to define the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding cryptocurrencies, while enhancing investor protection requirements.
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