U.S. House of Representatives declares July 14th “Crypto Week”

The American House of the Representatives has intended A week starting on 14 July as a “crypto week” because lawmakers are considering three milestone accounts: Clear Act, CBDC Supervision Act and law The law on the genius of the SenateIn comprehensive pressure on the establishment of the United States as a global leader in digital assets.

A prominent crypto of a trader and CAS ABBE influencers he commented:

“The next few weeks will be really bull for the crypto market.”

What is on the table during the crypto week?

The much needed regulatory clarity for digital assets

Legislators check during the crypto week ClarityBipartisan proposal to end regulatory ambiguity years by clearly defining the roles of the Commission for Trading with Commodity Futures (CFTC) and the Securities and Stock Exchange Commission (SEC) in sight of digital asset.

The law divides digital assets into three categories: securities, commodities and stablecoins, assigning the exclusive jurisdiction of CFTC over “digital commodities” such as bitcoins, while the sec retains securities. It also introduces a double -track registration system that allows platforms to register with the agency most relevant for their business and imposes solid measures against fraud and consumers.

For years, the US crypt has been facing entrepreneurs of conflicting regulations and uncertainty about whether their chips are securities or commodities. The clear distribution of supervision of the SEC and CFTC of the Clarity Act provides much needed security, supports responsible innovations and reduces the risk of regulatory coercive measures that has suppressed growth.

Support for Stablecoins integration into the mainstream

The Genius Act He was recently handed over in the Senate with the support of Bipartisan and created the first comprehensive federal framework for payment stablecoins. It defines who can issue stablecoins, determine capital and reserve requirements, and allow the federal and state regulators to oversee issuers. The law is designed to support innovation and at the same time ensure consumer protection and maintain the dominance of the US dollar in digital financing.

The Genius for Stablecoins law gives legitimacy to digital assets supported by a dollar and supports their integration into the mainstream. By setting clear rules and consumer protection, the US can attract both institutional and retail users and strengthen the role of a dollar in global digital trade.

Preserving financial privacy and autonomy of Americans

The CBDC Supervisory Act would forbid the federal reserve system to issue the digital currency of the central bank (CBDC) directly or indirectly to individuals and to deal with extended concerns about government supervision and financial privacy. The aim of the law is to block US CBDC financial autonomy and prevent potential overlap in other countries.

The Anti-CBDC Act deals with the highest problem between Krypto advocates: the risk of government supervision through the state-issued digital currency. By disallowing retail CBDC, the US would show its obligation to privacy, individual sovereignty and the principles of free market.

The legislative package that has been reviewed during the crypto of the week is the culmination of years of hearing, Bipartisan negotiations and defense in the sector and reflects the ripening of the market crypto and the growing recognition of its economic significance.