#USCryptoWeek

The US Congress is currently hosting "Crypto Week," a significant event that aims to advance cryptocurrency legislation. Here's what's happening ¹ ²:

- *Key Bills*: Three major bills are being considered:

- *GENIUS Act*: Regulates stablecoins, with strong bipartisan support. It's expected to pass quickly, potentially boosting Ethereum adoption.

- *CLARITY Act*: Clarifies the jurisdictional divide between the SEC and CFTC over digital asset regulation. This bill faces more uncertainty due to opposition from House Democrats.

- *Anti-CBDC Surveillance State Act*: Prohibits the Federal Reserve from issuing a central bank digital currency (CBDC), addressing concerns over government surveillance.

- *Progress and Challenges*: The GENIUS Act is likely to pass, with a 94% probability predicted by Polymarket. However, the CLARITY Act faces resistance from House Democrats, who demand additional governance provisions.

- *Impact*: If passed, these bills could redefine the US regulatory approach to crypto, influencing stablecoin issuance, agency oversight, and CBDC development.

- *Timeline*: The House Rules Committee has set the voting schedule, with the CLARITY Act vote expected on Wednesday afternoon and the GENIUS Act vote potentially on Thursday morning.

This legislative push is seen as a significant step forward for the crypto industry, with potential implications for the future of digital asset regulations in the US ² ³.