US Congress prepares for ‘crypto week’ as industry urges lawmakers to act

Key Points

1. The US House of Representatives will debate three key bills: the CLARITY Act (regulatory oversight), the GENIUS Act (stablecoin framework), and a bill banning a US central bank digital currency.

2. Industry advocates, including Stand With Crypto and over 65 other groups, are pushing for urgent legislative action, citing momentum and widespread public interest in crypto.

3. The CLARITY Act addresses regulatory jurisdiction and consumer protections, aiming to resolve long-standing questions about decentralization and market structure.

4. Over 50 million Americans own crypto, with significant advocacy efforts (2.2 million advocates and 70,000 emails to senators) highlighting public demand for regulatory clarity.

5. Failure to pass these bills could leave unresolved regulatory questions, potentially hindering the crypto industry's growth and integration with traditional finance.