US Crypto Week Begins with Controversial Stablecoin Amendment
The US House of Representatives will vote this week on three major crypto-related bills during Crypto Week. These proposals address central bank digital currencies (CBDCs), digital asset market structure, and payment stablecoins. The Republican-led House Committee on Rules will review the Anti-CBDC Surveillance State Act, CLARITY Act, and GENIUS Act.
Democratic Lawmakers Propose Anti-Corruption Measures
Democratic representatives have introduced amendments targeting potential crypto corruption. Representative Maxine Waters highlighted concerns about former President Donald Trump‘s crypto ventures. Her proposals would restrict US officials from promoting cryptocurrencies and block recognition of stablecoins from self-declared dictatorships.
Crypto Industry Advocates for Regulatory Clarity
As Congress prepares for its August recess, industry groups like Stand With Crypto are urging passage of these bills. They argue the CLARITY Act would provide needed regulatory certainty while supporting innovation in digital assets.
Key Developments
- Three significant crypto bills under consideration
- Democratic amendments address ethics concerns
- Industry pushes for legislative action before recess
