Overview

• From July 14 to 18, the House will consider the Senate-passed GENIUS Act, the Digital Asset Market Clarity Act and the Anti-CBDC Surveillance State Act.
• The GENIUS Act would let private firms issue dollar-backed stablecoins under new federal guardrails and, if passed, would head directly to President Donald Trump’s desk.
• The CLARITY Act aims to resolve SEC-versus-CFTC oversight battles by defining when tokens qualify as securities or commodities and allowing transitions between agencies.
• The Anti-CBDC Surveillance State Act would prohibit the Federal Reserve from issuing a retail central bank digital currency to safeguard financial privacy.
• Coinbase took out a full-page ad urging clear crypto rules to keep the U.S. competitive, and Republican control of Congress and the White House gives the bills a narrow window for passage.