$BTC 🤯🇺🇸

Bo Hines, one of the figures at the center of US President Donald #TRUMP 's crypto policy, announced this week that America has entered a critical period in asserting its leadership in the cryptocurrency world. The House of Representatives' official declaration of July 14-18 as "Crypto Week" symbolized the beginning of this new era.

In his role as executive director of the White House Digital Assets Council, Hines declared, "The big week is beginning," and stated that two major bills for digital assets are expected to pass the House and Senate this week. These bills, #GENIUS and CLARITY, contain the most significant regulations for the crypto market in US history.

🧠 GENIUS Bill: A Roadmap for Stablecoins

The GENIUS (Guaranteed Electronic Notes Issuance and Utilization Standards) bill focuses on stablecoins. The bill's primary goal is to ensure both the security and encourage the growth of US dollar-backed stablecoins.

What Does GENIUS Bring?

License and collateral requirements will be introduced for companies issuing stablecoins.

User funds will be secured through reserve requirements.

Domestic USD-backed stablecoins will be prioritized—incentives will be provided to compete with foreign-based currencies like Tether.

A regulatory framework focused on financial stability and consumer protection will be established.

This law aims to provide a clear legal basis supporting US-based stablecoin projects such as Circle, Paxos, and PayPal USD. It is also seen as a first step that could pave the way for the transition to a digital dollar.

⚖️ CLARITY Bill: An End to Legal Uncertainty in Markets

The CLARITY (Cryptocurrency Legal Accountability and Regulatory Transparency for Innovation and Trust) bill specifically clarifies the classification of cryptocurrencies and which institution will be responsible for which project.

What Will Change with CLARITY?

The CFTC (Commodity Futures Trading Commission) will become the primary regulatory body for the cryptocurrency market.

The SEC (Securities and Exchange Commission) will only deal with tokens that