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The United States is entering a new chapter in crypto regulation. Starting July 14, the House will hold "Crypto Week." Legislators intend to review three important bills: the CLARITY Act, the Central Bank Digital Currency (CBDC) Oversight Act, and the GENIUS Act. Together, they form the most comprehensive framework for digital assets that the U.S. has seen. These bills aim to provide legal clarity, limit CBDCs, and promote innovation in stablecoins.

Three Key Cryptocurrency Bills Take Center Stage

The GENIUS Act recently cleared the Senate. It establishes a dual federal-state licensing system for stablecoin issuers. It also requires 1:1 backing and strict audit standards. Notably, it excludes any central bank digital currency (CBDC), aligning with the growing opposition to state-issued tokens.

Additionally, the CLARITY Act offers a 236-page breakdown of how different crypto assets should be treated. It proposes clear roles for the SEC and CFTC. The SEC will regulate centralized digital securities, while the CFTC will handle decentralized, commodity-like tokens.