#BTC120kVs125kToday The U.S. House of Representatives is set to vote on crucial cryptocurrency legislation during their "Crypto Week," from July 14 to 18. The bills up for consideration are.

- *The GENIUS Act*: Aims to regulate stablecoins, with the bill having already passed the Senate. White House crypto adviser Bo Hines expects it to pass without amendments, potentially fast-tracking it to the President's desk.

- *The CLARITY Act*: Focuses on defining the regulatory structure for crypto markets, clarifying the division of oversight between the SEC and CFTC. This bill's progress might shift to the Senate.

- *The Anti-CBDC Surveillance Act*: Seeks to prohibit the development of a U.S. central bank digital currency (CBDC), sparking debates on financial stability, efficiency, privacy, and government control.

These bills could significantly impact the crypto industry, particularly stablecoins, and might take months or years to implement. Democrats are pushing back with their own "Anti-Corruption Week," opposing the bills as "dangerous" legislation.$BTC

#USCryptoWeek #BTC#ETF#