The U.S. House of Representatives has designated the week of July 14th as Cryptocurrency Week, marking a significant push for digital asset legislation.
David Sacks announced that the period will see crucial legislative progress, including the formal presentation of the ‘Global Engagement for Innovation and Unified Standards’ (GENIUS) Act to the President for final approval.
Concurrently, the ‘Clarity for Legal American Tokens and Your Rights’ (CLARITY) Act, also known as the U.S. Digital Asset Market Clarity Act, is set to advance to the Senate floor.
These legislative milestones scheduled for the week underscore concerted efforts by lawmakers to establish regulatory frameworks for the cryptocurrency sector within the United States.