Crypto Week in US Congress: What to Expect From the Biggest Push Yet

Key Points

1. The GENIUS Act, focused on stablecoin regulation, is likely to pass quickly, while the broader CLARITY Act faces resistance from House Democrats.

2. A third proposal seeks to prohibit a U.S. CBDC but is unlikely to advance in the Senate.

3. The House Rules Committee is meeting to set the voting schedule for these bills.

4. If passed, these bills could redefine the U.S. regulatory approach to crypto tokens and digital currencies.

5. The outcome could impact existing crypto firms, including exchanges, stablecoin issuers, and custodians.