GOP leaders announced that the “crypto week” will start on July 14, attracting the attention of the congress to three bills related to web3. They are held at various times in the approval process, but supporters of the industry will examine them all.
The three bills in question are the law on engineering, the law on clarity and the anti-CBDC law on the state of surveillance. The three deal with key problems for American cryptographic regulatory policy.
What’s in store for the crypto weekend?
Now that the Big Beautiful Bill has adopted its final vote, the Republicans are on a list to implement new legislative initiatives. There are currently several parts of exceptional cryptography regulation which have not yet managed to go through the congress.
Consequently, House Leadership announced that the “crypto week” will start on July 14, highlighting these upcoming fights:
“The House Republicans take decisive measures to offer the entire scope of the digital assets and cryptocurrencies of President Trump. During the “crypto week”, the Chamber is impatiently awaiting the timely consideration of three historical laws: the law on clarity, the loudspeaker of the anti-CBDC chamber and the law on surveillance and the law on the genius of the Senate “, Micheurs de la Chambre, Johnon.
Currently, the most important legislation is the Genius Act, a regulatory framework for Stablecoins. This bill adopted the Senate in mid-June, but still requires a final vote of the Chamber to confirm its various amendments. Given its current progress, this bill seems particularly likely to benefit from cryptography week.
The bill promotes the integration of stablecoins with the financial system, which prompted Tether to spend tens of billions for the bonds of the Treasury. He faces accusations to promote the Fiat system and deposit DEFI, but will probably play a key role in Trump’s plans for the domination of the Dollar de Stablecoin.
The Clarity Act is a more general regulatory framework, aimed at building consumer protection and the classification of tokens. To determine if an asset is security or a product is a thorny question, and this bill could settle many debates.
He always makes his way through the committee, he can therefore benefit from the spotlights of the Crypto Week.
Although the bill has firm support from the cryptographic industry, it has important criticisms. The former president of the CFTC, Tom Massad, warned against his flexibility, arguing that his new standards can be too cowardly and improper to guarantee the quality of the assets.
Hopefully the subsequent voting and debate cycles will help solve any unanswered problem.
By far, the law on the state of anti-CBDC surveillance is the least important objective of the crypto weekend. The fervent opposition to CBDC is a long -standing objective in certain circles of American policy, and President Trump is firmly in this camp.
However, the bill is also stuck in a committee, and there have been no important updates on this subject for almost three months.
In the current state of things, this bill does not imply prohibiting American citizens from having foreign CBDCs. It mainly aims to impose an implicit ban on the federal reserve, preventing future democratic administrations from creating one.
Compared to others, it does not seem to be an urgent concern. However, the Republicans wish to accomplish it during Trump’s mandate.
These three acts will be hot subjects at Congress throughout the Crypto Week. Industry observers should remain informed of possible developments.
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