#USCryptoWeek
The U.S. Congress Prepares for "Crypto Week" as Industry Urges Legislators to Act
The U.S. House of Representatives is gearing up for what Republican leaders have dubbed "Crypto Week," a legislative push set to begin from Monday to the following Friday that could reshape the future of digital asset regulation in the country.
This week's episode of Byte-Sized Insight explores the political risks of these laws, the lobbying efforts from the industry, and whether bipartisan support is sufficient to push the legislation across the finish line.
Lawmakers are expected to discuss and vote on three significant bills: the CLARITY Act, which would define regulatory oversight on cryptocurrency markets; the GENIUS Act, which creates a framework for stablecoins and has already been approved by the Senate; and the State Surveillance Act against Central Bank Digital Currencies, which would prohibit the creation of a U.S. central bank digital currency$BNB