news 
The US House leadership has officially announced that it will dedicate the week of July 14 as “Crypto Week”, marking a significant milestone in the ongoing push to regulate digital assets. As per the announcement, lawmakers aim to move President Trump’s crypto-focused agenda forward by adopting the Senate’s GENIUS Act and delaying their own stablecoin bill.
The development comes after House Republicans cleared the Financial Services Committee with the STABLE Act in May, but now appear ready to put aside their own legislation in favor of the bipartisan Senate-backed GENIUS Act. The latter mandates full backing of stablecoins by cash or highly liquid assets, imposes strict audit requirements for large-scale issuers, and enables state-level regulatory pathways.
The move is seen as a strategic decision by lawmakers to expedite Trump’s pro-crypto agenda, which has garnered significant attention in recent weeks. This sudden shift in stance raises eyebrows among many industry observers, particularly given the President’s previous statements about his family reaping profits from cryptocurrency ventures.
It is worth noting that some members of Congress have expressed concerns regarding the GOP’s apparent self-serving stance on crypto regulations.
Source: www.coinspeaker.com
