Republican leaders have pledged to consider the three major crypto bills beginning in mid-July as part of a “crypto week” regulation.
Chairman of the French House Financial Committee, Chair of the Home Agriculture Committee Glenn Thompson and Speaker Mike Johnson Says On Thursday they would use the Sundays of July 14 to 18 to look at a crypto market structure bill, a Stablecoin bill and a bill in the Central Bank Digital Currencies (CBDCs).
“The House Republicans are taking decisive steps to deliver the entire scope of President Trump’s digital assets and cryptocurrency agenda,” Johnson said
“During the ‘Crypto Week,’ the Chamber expects the timely consideration of three landmark pieces of law: the Clarity Act, the Anti-CBDC Surveillance State Act, and the Senate’s Genius Act,” he added.
Party pushing came as President Donald Trump said last month that he wanted Stablecoin-Regulate Genius Act passed as soon as possiblebefore Congress goes to a month’s break in August.
The bills will begin to be delivered to crypto-focused promises dedicated during his campaign, with the crypto industry heavily backed and bankrolled.
The genius that is considered to be stable
The Chamber seems to be moving forward to the Senate led by the Genius Act on its own similar bill known as the Stable Act, passed by the House Finance Committee in May but has not seen a full floor vote.
The Senate The Genius Act has been passed With Bipartisan support last month, that means if the home passes the AS-ay bill, it will be sent to Trump to sign in to the law.
However, legal analysts in Pillsbury law Says On Wednesday the Chamber could change the “key provisions, including those associated with the eligibility of the providers, state dynamic advany and compliance requirements.”
If that happens, it will be returned to the Senate for a vote to approve the changes.
Lawyers in troutman pepper locke Says Last Tuesday that the Chamber and Senate could form a committee to reconcile the differences between genius and stable gestures, which would need approval from both rooms before being sent to Trump.
A noticeable -notice DIFFERENCE BETWEEN BUSINESS is around the administration, as the stable law sets the strict federal administration of Stablecoin issues as the Genius Act allows for state administration.
Clarity may follow Trump’s desk
A Bill of Crypto Market structure, called The Clarity Act, could be next to Trump’s desk following the financial home service committee and agricultural committee Advanced it on June 10 to place it in front of the whole house.
The bill, which still needs to pass the Senate, sets the constituency that the Securities and Exchange Commission and the Commodity Futures Trading Commission have more than crypto.
This will require most types of crypto exchanges to register with the CFTC and place the rules for disclosure, separation of customer assets and recording.
Democrats further opposed both the acts of genius and clarity, citing the growing crypto empire Trump and his family were building, with an exchange of crypto, stablecoin and many Crypto tokens.
GOP Bill aims to ban CBDCs
The last bill the home will consider is the Anti-CBDC Surveillance State Act, with the same Bill in the Senate on a bid to speed up the legislative process.
Related: New York AG encourages Congress to strengthen protections in crypto bills
The bill prohibits the Federal Reserve to test, develop, create or issue a digital currency in any form and stop the central bank from offering financial products directly to individuals.
The bill was introduced to the last Congress of House Majority Whip Tom Emmer, but it expired at the end of that term of Congress after it passed home in May 2024.
Emmer revived the bill to the current Congress, and the House Finance Committee passed its version of the bill in April, while the Senate version is still sitting on the room’s banking committee.
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