Overview

• The House has scheduled Wednesday’s vote on the Digital Asset Market Clarity Act and Thursday’s vote on the Senate-approved GENIUS Act, capping its self-declared Crypto Week.
• The GENIUS Act mandates stablecoin issuers to hold full liquid reserves and publicly disclose the composition of those reserves each month.
• The Clarity Act aims to distinguish cryptocurrencies as securities or commodities and clarify whether the SEC or CFTC holds jurisdiction over different digital assets.
• Lawmakers will also consider the Anti-CBDC Surveillance State Act, which would prohibit the Federal Reserve from ever issuing a central bank digital currency.
• Republicans back the three bills to integrate digital assets into mainstream finance, while some Democrats plan amendments over ethics, consumer protections and ties to the president’s crypto ventures.