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VISTORBELITUNG.COM,The U.S. House of Representatives is gearing up for a significant week in digital asset legislation, with a focus on bringing comprehensive crypto market structure bills to a vote. Dubbed "Crypto Week" by House Republican leadership, the week of July 14th will see several key pieces of legislation considered, aiming to establish clear regulatory frameworks for Bitcoin and the broader crypto market.
Among the bills expected to take center stage is the Digital Asset Market Clarity Act (CLARITY Act). This bill seeks to delineate the regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding digital assets. Currently, the lack of clear jurisdiction has created significant uncertainty for crypto businesses and investors, leading to a "regulation by enforcement" approach that many in the industry find stifling. The CLARITY Act aims to provide much-needed "rules of the road" for developers, users, and advocates, fostering innovation while protecting consumers. It also includes provisions for retail financial disclosures and the segregation of corporate and customer funds.
In addition to the CLARITY Act, the House will also consider the GENIUS Act, a stablecoin bill that has already passed the Senate. This legislation focuses on establishing a regulatory framework for dollar-pegged stablecoins, requiring them to be fully backed by U.S. dollars or other liquid assets and mandating annual audits for larger issuers. The House's consideration of the Senate-passed GENIUS Act signifies a push for bipartisan consensus on stablecoin regulation.
The third bill on the docket for "Crypto Week" is the Anti-CBDC Surveillance State Act, which aims to block the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals, citing privacy concerns.
These legislative efforts come after years of debate and development in Congress on digital assets. The House Financial Services and Agriculture Committees have been instrumental in advancing the CLARITY Act, with strong bipartisan support in committee votes. Crypto advocacy groups, including Stand With Crypto, have been actively lobbying lawmakers to support this sweeping market structure bill, emphasizing the need for regulatory clarity to ensure the U.S. remains a leader in digital innovation.
The passage of these bills, particularly a comprehensive market structure bill, could unlock significant institutional investment and reshape the future of the crypto industry in the United States. While there is broad support for clearer regulations, some Democrats have raised concerns, particularly regarding potential conflicts of interest related to President Donald Trump's involvement in digital assets.
As the U.S. House prepares for "Crypto Week," the industry and investors alike will be closely watching to see if these landmark pieces of legislation can gain the necessary traction to provide a more defined and secure environment for Bitcoin and the evolving crypto market.