#USCryptoWeek

US Crypto Week" is set to take place from July 14 to 18, where the House of Representatives will debate and vote on three significant bills related to digital assets ¹.

*Key Bills Up for Discussion*

- *The CLARITY Act*: Establishes a regulatory framework for digital assets, defining the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill aims to provide clarity on the regulatory jurisdiction over cryptocurrencies and digital commodities.

- *The GENIUS Act*: Focuses on regulating stablecoins, requiring issuers to hold full reserves backed by the Federal Reserve. This bill has already passed in the Senate and is expected to attract trillions of dollars into the US economy.

- *The Anti-CBDC Surveillance State Act*: Aims to restrict the Federal Reserve from developing, issuing, or using a Central Bank Digital Currency (CBDC) for monetary purposes ² ³.

*Potential Impact*

The passage of these bills could lead to increased institutional investment, regulatory clarity, and innovation in the digital asset industry. Some potential outcomes include ⁴ ²:

- *Increased investor confidence*: Clear regulations could encourage more investors to enter the market.

- *Growth of the stablecoin market*: The GENIUS Act could lead to a significant increase in the stablecoin market, potentially reaching a $4 trillion valuation in the next 10 years.

- *Regulatory framework*: The CLARITY Act would provide a clear framework for digital assets, reducing uncertainty and potential conflicts between regulatory bodies.