Overview

• Next week’s “Crypto Week” will bring House floor votes on the Senate-passed GENIUS Act for dollar-backed stablecoins, the CLARITY Act to allocate SEC and CFTC oversight, and the Anti-CBDC Surveillance State Act banning federal digital currency
• Coinbase has rolled out a six-figure print and digital ad campaign urging lawmakers to pass the CLARITY Act and bolster consumer protections in crypto markets
• A Senate Banking Committee hearing featured Ripple CEO Brad Garlinghouse and other industry leaders calling for clear rules alongside warnings from senators about loopholes in proposed market-structure language
• Senate Democrats led by Elizabeth Warren are pressing for conflict-of-interest and anti-corruption provisions to bar presidential crypto ventures and strengthen anti-money-laundering safeguards
• Lawmakers have agreed to extend the deadline for finalizing comprehensive market-structure legislation from the White House’s August target to September 30