Overview

• House Republican leadership has declared next week ‘Crypto Week’ to vote on three bills: the Senate-approved GENIUS Act, the CLARITY Act and the Anti-CBDC Surveillance State Act
• The GENIUS Act, passed by the Senate 68-30, would mandate full reserves and oversight for dollar-pegged stablecoins, and President Trump is calling for its clean passage
• Coinbase has launched a six-figure ad campaign with print and video spots urging lawmakers to back the CLARITY Act’s bid to split crypto oversight between the SEC and CFTC
• Industry witnesses, including Ripple CEO Brad Garlinghouse, are slated to testify at a Senate hearing Wednesday on establishing federal market-structure rules for digital assets
• Senate Banking Chair Tim Scott, Sen. Cynthia Lummis and advisor Bo Hines have set an end-of-September deadline for advancing market-structure legislation