Stalled Legislation: The U.S. House spent the past week on 'Crypto Week' aiming to pass stablecoin stabilization bills (GENIUS Act) and to delineate whether digital assets are commodities or securities (CLARITY Act). However, internal disputes within the Republican Party have prevented voting sessions. A procedural vote on July 15 failed, and President Trump later intervened, promising to discuss with lawmakers and calling for a revote, but the subsequent vote on July 16 was still delayed indefinitely, and by the end of the day, the House announced further postponement of the session.
Short- and Long-term Response: In the short term, this chaotic situation creates uncertainty, causing the prices of crypto-related stocks to fluctuate wildly (the market dropped when news of the delay was announced).
In the long term, if the aforementioned bills are passed, they will establish a clearer legal framework. For example, the GENIUS Act requires stablecoins to be backed by liquid assets and to disclose reserves monthly, helping to bolster the trust of banks and investors in this type of asset. The CLARITY Act defines when crypto is a commodity rather than a security, extending the oversight authority of the CFTC instead of the SEC.
As a result, a more transparent regulatory framework is expected to attract more capital into the crypto market.#CrytoNews #stablecoin 
