‘Crypto Week’ approaches: Will these three pro-crypto bills pass?

Key Points

1. The Digital Asset Market Clarity Act (CLARITY Act) seeks to define regulatory jurisdiction between the SEC and CFTC, exempt certain digital assets from securities laws, and classify 'mature' blockchains.

2. The GENIUS Act proposes a regulatory framework for stablecoins, requiring issuers to back them with U.S. currency or liquid assets and comply with the Bank Secrecy Act.

3. The Anti-CBDC Surveillance State Act aims to prevent the Federal Reserve from issuing a CBDC, citing privacy concerns and restricting its use in monetary policy.

4. Crypto companies like Coinbase are actively lobbying for these bills, with Stand With Crypto submitting a letter signed by 65 executives supporting the CLARITY Act.

5. Polymarket betting markets give the CLARITY Act a 52% chance of passing in 2025, while the GENIUS Act has a 92% chance of passing this year.