#USCryptoWeek

On July 14, the House of Representatives will begin debate on three key cryptocurrency bills that are likely to provide the U.S. industry with the regulatory framework it has long sought.

Lawmakers will discuss the Genius Act, Clarity Act, and Anti-CBDC Surveillance State Act.

The GENIUS Act would allow private companies to issue stablecoins whose value is directly tied to government-issued currency, often the U.S. dollar. The bill would require stablecoin issuers to back their value with cash on a one-to-one basis. The GENIUS Act was passed by the Senate with a vote of 68 to 30 last month, so if approved by the House of Representatives, it will go to the president's desk.

The Digital Asset Market Clarity Act, which would establish a regulatory framework for cryptocurrencies involving the Securities and Exchange Commission and the Commodity Futures Trading Commission. Among the supporters of the Clarity Act is cryptocurrency exchange operator Coinbase Global (COIN), which conducted a six-figure advertising campaign calling for its passage.

The CBDC Anti-Surveillance State Act, which would prevent the Federal Reserve from issuing a central bank digital currency.