On the same day the U.S. House of Representatives passed President Donald Trump’s flagship piece of legislation, the so-called “One Big Beautiful Bill,” Republican House leaders also declared the week of July 14, “ Crypto Week,” according to a press release published by Arkansas House Republican French Hill.
US House Announces July ‘Crypto Week’
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Crypto Week will feature a marathon review of three key pieces of crypto legislation, namely, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, the CLARITY Act, and the Anti- CBDC Surveillance State Act. The Genius Act seeks to establish a federal framework for stablecoins. The Clarity Acts will determine which regulators, if any, have jurisdiction over specific digital assets. The Anti- CBDC Surveillance State Act will prevent the U.S. Federal Reserve from creating a central bank digital currency ( CBDC). “We are taking historic steps to ensure the United States remains the world’s leader in innovation and I look forward to ‘ Crypto Week’ in the House,” Hill said.
