Congress Acts Decisively on Cryptocurrency Regulation

Key Points

1. The U.S. House of Representatives declared the week of July 14 as 'Crypto Week' to focus on cryptocurrency regulation.

2. Three key legislative proposals will be discussed: the CLARITY Act, Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act.

3. The bills aim to regulate cryptocurrencies and protect financial privacy in the United States.

4. The Anti-CBDC Surveillance State Act targets restrictions on central bank digital currencies (CBDCs).

5. The legislative efforts reflect a push for a clearer regulatory framework for the U.S. cryptocurrency market.