The U.S. House of Representatives will designate the week starting July 14th as 'Crypto Week' and focus on reviewing three key bills to refine the digital asset regulatory framework. The cryptocurrency industry is paying close attention to whether these discussions will help resolve regulatory uncertainty and promote market stability.
The three bills proposed are ▲the CLARITY Act, which clarifies digital asset regulatory authority, ▲a bill prohibiting the Federal Reserve from issuing central bank digital currency (CBDC), and ▲the GENIUS Act, which places stablecoin issuance under state government supervision.
The CLARITY Act aims to clearly distinguish jurisdictional authority between the SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission), reducing industry confusion and strengthening investor protection. It also includes provisions requiring cryptocurrency businesses to separate company assets from customer funds and transparently disclose key information.
The CBDC prohibition bill seeks to block the Federal Reserve from issuing digital dollars, addressing concerns about excessive government financial surveillance. The GENIUS Act delegates stablecoin issuance regulation to state governments, recognizing each state's regulatory flexibility. This bill has already passed the Senate and only awaits a House vote.
The Republican Party emphasizes that these bills can establish a foundation for innovation and healthy growth in the digital asset market. Meanwhile, some Democrats are calling for the COIN Act to block potential improper benefits from cryptocurrency investments by former President Trump and public officials.
The industry expects these discussions to be a critical turning point for the U.S. digital economy, but also anticipates that bill passage may not be easy due to extreme political polarization. Attention is focused on whether the two goals of regulatory clarity and consumer protection can be harmonized.
