US House members declared the week of July 14th as “Crypto Week.”
French Hill, chairman of the Financial Services Committee, and GT Thompson, chairman of the Agriculture Committee, together with other major house leadership, Approval The proposal will move on Thursday, July 3rd.
As a result, the US home was dedicated to the week of July 14th to 18th to address the laws of code in a comprehensive manner. Among the major agendas this week are clear conduct, anti-CBDC bills, and the US Senate Genius Act.
A week dedicated to promoting crypto innovation
Their attention has been turned into a cryptography after the US House of Representatives passed Donald Trump’s “Big Beautiful Bill” on Thursday. Through a coordinated effort by the US House GOP, lawmakers spent a week deliberating and passing laws specific to the digital asset industry.
In particular, hindsight, it would not have been foreseen this week. Just a year ago, the US fought off cryptocurrency under the Joe Biden administration, with former US chairman Gary Gensler coming to power.
Meanwhile, Trump keeps his promise to make America the crypto capital of the world. He recently called Bitcoin “amazing” and claimed it had built a crypto industry. Currently, the latest US House announcement reflects that driving crypto innovation is now in the national interest.
US homes approving multiple crypto bills in July?
The US House of Representatives aims to pass the Genius Act, a stablecoin bill already passed by the US Senate. The bill aims to establish clear guidelines for dollar-covered cryptocurrencies, which are projected to attract trillions of dollars to the US economy. In particular, Trump has passionately urged the home to promote delivery of the bill for final approval.
Additionally, the House of Representatives also passes an act of clarity and will immediately move to the Senate. Surprisingly, the bill has already passed votes from both the Agricultural Services Commission and the Financial Services Commission, and now requires that full home support be passed.
Finally, the US House will deliberate on the Anti-CBDC Oversight National Act, a bill aimed at banning central banks from establishing digital currency. The House Financial Services Committee approved the law with a slim 27-22 votes in April, keeping the proposal alive.
Meanwhile, some statements followed the announcement, with several members of the House of Representatives expressing optimism ahead of “Crypto Week.” Chairman Hill called the move a “historic step,” ensuring that the United States will continue to be a world leader in the crypto landscape.
“We are moving forward with groundbreaking legislation to establish a clear regulatory framework for digital assets that protect our customers and investors.” He added.
Additionally, Sen. Cynthia Ramis praised Congress’s efforts to capitalize on Trump’s friendly stance on digital assets. “For the first time in US history, there is a president who sees value in embracing digital assets.” She said.
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