Overview

• House Republican leadership has designated next week as ‘Crypto Week’ to advance three industry-backed bills on the House floor.
• The Senate-approved GENIUS Act would require dollar-backed stablecoins to hold 1:1 reserves, register with regulators and disclose audit information.
• The CLARITY Act proposes dividing crypto market supervision between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
• The Anti-CBDC Surveillance State Act would permanently bar the federal government from issuing a central bank digital currency.
• Coinbase has launched a six-figure print and digital ad campaign urging lawmakers to pass the CLARITY Act, while consumer advocates warn the bills could undercut user protections.