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State of Crypto: Previewing Congress' 'Crypto Week'

2025-07-11 20:07:45

State of Crypto: Previewing Congress' 'Crypto Week'

Main Idea

U.S. lawmakers are set to vote on key crypto-related bills during 'Crypto Week,' including the Digital Asset Market Clarity Act, the GENIUS Act for stablecoins, and the Anti-CBDC Surveillance Act, which could significantly shape the regulatory landscape for cryptocurrencies.

Key Points

1. The U.S. House of Representatives will vote on the 'Digital Asset Market Clarity Act of 2025,' the 'GENIUS Act' for stablecoins, and the 'Anti-CBDC Surveillance Act' during 'Crypto Week' (July 14-18, 2025).

2. The GENIUS Act, already passed by the Senate, could be signed into law by President Trump shortly after House approval, establishing a framework for stablecoin oversight.

3. The Anti-CBDC Surveillance Act aims to ban the development or launch of a U.S. central bank digital currency (CBDC).

4. The House Financial Services Committee confirmed it will vote on the Senate's GENIUS Act instead of its own STABLE Act, with potential additional stablecoin rules in the Clarity Act.

5. The House Ways and Means Committee will hold a hearing on crypto taxation, though details are sparse.

Description

U.S. lawmakers may actually get a crypto bill to the president's desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a vital step closer to drafting new rules for the industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Crypto win The narrative The U.S. House of Representatives is set to vote on a market structure bill, a stabl...

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