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U.S. House Begins “Crypto Week” with Key Bills on Crypto, Stablecoins, and CBDCs
Starting July 14, the United States House of Representatives has initiated a dedicated legislative session known as “Crypto Week”, which will be covering three crucial crypto-related bills. These proposed measures have the potential to shape the legal landscape for digital assets in the U.S., with far-reaching consequences for the entire industry.
The GENIUS Act aims at establishing a regulatory framework for stablecoins, imposing strict oversight and capital reserve requirements. The CLARITY Act seeks to provide clear definitions of what constitutes a digital asset, decentralized exchange, or platform under U.S. law. Meanwhile, the Anti-CBDC Act proposes banning the development of a Central Bank Digital Currency (CBDC) in the country, citing concerns over privacy issues.
Each of these proposals reflects growing efforts to legitimize crypto usage while addressing security, consumer protection, and government control concerns.
The GOP has expressed strong backing for these bills, primarily advocating for innovative crypto solutions with limited federal oversight. However, Democrats have raised concerns about privacy and regulatory gaps, particularly in decentralized systems. The political tension is creating a dynamic debate that could potentially alter or delay the passage of these laws.
Market reactions remain cautious but optimistic amid House discussions. Bitcoin continues to trade above $118,000, showcasing resilience. Ethereum is nearing the $3,500 level due to optimism surrounding ETH ETF approvals and institutional investment interest.
Despite regulatory uncertainty, traders are closely monitoring congressional outcomes for any signs that could spark new inflows into spot markets, resulting in reduced overall volatility.
FloppyPepe (FPPE) momentum increases amid regulatory buzz.
Source: www.crypto-news-flash.com
