US Lawmakers May Consider Three Crypto Bills Including Bitcoin Market Framework During Upcoming Crypto Week

2025-07-11 14:16:27

Main Idea

The US House Financial Services Committee has designated the week starting July 14 as 'Crypto Week' to consider three key crypto bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, aiming to provide regulatory clarity and foster industry innovation.

Key Points

1. The CLARITY Act seeks to clarify regulatory jurisdiction over digital assets, proposing the CFTC as the sole regulator for digital commodities, but faces criticism for potentially undermining investor protections.

2. The GENIUS Act is a bipartisan effort to establish a regulatory framework for stablecoins, including compliance with the Bank Secrecy Act and protocols for insolvency scenarios.

3. The Anti-CBDC Surveillance State Act aims to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) and restrict its use for monetary policy, citing privacy concerns.

4. Industry leaders, including Coinbase CEO Brian Armstrong, support the bills, highlighting bipartisan momentum and active industry engagement, though passage probabilities vary (52% for CLARITY Act, 92% for GENIUS Act).

5. The upcoming Crypto Week represents a critical juncture for US digital asset regulation, with potential implications for market stability and innovation.

Description

Washington lawmakers are preparing to advance three pivotal crypto bills during the upcoming “Crypto Week,” signaling a potential regulatory milestone for the digital asset industry. The legislation focuses on establishing

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