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3h ago

House Sets July 14–18 for 'Crypto Week' to Finalize U.S. Crypto Rules

Next week’s House session will test political consensus over digital asset frameworks against a backdrop of record bitcoin trading.

The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021.
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Overview

  • House members will vote from July 14 to 18 on three major bills that aim to set federal standards for digital assets.
  • The Digital Asset Market Clarity Act would resolve the SEC–CFTC jurisdiction dispute by defining when a token qualifies as a security or a commodity.
  • The Anti-CBDC Surveillance State Act would ban the Federal Reserve from issuing a retail central bank digital currency to preserve financial privacy.
  • If the House approves the Senate-passed GENIUS Act without changes, it would advance directly to President Trump’s desk to establish stablecoin reserve and disclosure requirements.
  • Bitcoin climbed to a fresh record above $118,000 and U.S.-listed crypto stocks rallied as industry voices like Coinbase urged lawmakers to enact clear regulations.