On July #USCryptoWeek 14, the House of Representatives will begin a debate on three key legislative proposals regarding cryptocurrencies, which 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, which would allow private companies to issue stablecoins whose value is directly tied to state-issued currency, often the U.S. dollar. The act 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 it is approved by the House of Representatives, it will head to the president's desk.