House Gears Up for Crypto Market Structure Vote on Wednesday, Stablecoins Thursday
2025-07-14 18:56:38
Main Idea
The U.S. House of Representatives is preparing to vote on key crypto-related bills, including the Digital Asset Market Clarity Act and the GENIUS Act, which could significantly advance crypto regulation and stablecoin oversight.
Key Points
1. The House is set to vote on the Digital Asset Market Clarity Act and the GENIUS Act, with the latter potentially reaching President Trump's desk soon.
2. The GENIUS Act aims to establish regulatory guardrails for stablecoin issuers like Circle's USDC and Tether's USDT.
3. The Clarity Act is seen as a template for future crypto regulation, with potential Senate negotiations expected later in the year.
4. Republican lawmakers are pushing for a ban on U.S. central bank digital currencies (CBDCs), citing competition concerns with stablecoins.
5. If passed, these bills would mark the first major crypto regulatory milestones for Congress.
Description
The U.S. House of Representatives' so-called Crypto Week is steaming toward mid-week votes on two foundational pieces of legislation that would push the industry's status forward significantly in the U.S., including what amounts to a final congressional action on regulating stablecoins. While that last necessary vote on the stablecoin bill known as the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act would send it to President Donald Trump's desk to be signed into l...
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- House Gears Up for Crypto Market Structure Vote on Wednesday, Stablecoins Thursday2025-07-14 18:56:38