#USCryptoWeek
The US House of Representatives has designated July 14-18 as "Crypto Week," aiming to drive digital asset innovation in America. During this week, they'll focus on passing key legislation related to cryptocurrency.
*Key Bills Up for Consideration:*
- The CLARITY Act (H.R. 3633): Establishes a regulatory framework for digital assets, defining roles of the SEC and CFTC. It provides an exemption from registration requirements for certain digital commodities on mature blockchains and gives the CFTC exclusive regulatory jurisdiction over crypto transactions.¹ ²
- *The GENIUS Act (S. 1582)*: Provides a federal framework for payment stablecoins, outlining requirements for issuers and reserves backing stablecoins. It also subjects issuers to the Bank Secrecy Act and sets provisions for insolvency.
- The Anti-CBDC Surveillance State Act (H.R. 1919): Prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) directly or indirectly to individuals, aiming to protect citizens' privacy.