The U.S. House of Representatives "Crypto Assets Week" is here: Three key bills will be under consideration.

The leader of the Republican Party in the United States announced that "Crypto Assets Week" will begin on July 14, aimed at drawing Congress's attention to three Web3-related bills. These bills are currently at different stages of the approval process, but advocates for the Crypto Assets industry will closely scrutinize all bills.

Three Important Bills

The three bills worth following during this "Crypto Assets Week" include: the "GENIUS Act," the "CLARITY Act," and the "Anti-National Surveillance CBDC Act." These bills all address key issues related to U.S. encryption regulation policies.

"Crypto Assets Week" Outlook

With the final vote passing of the "Great American Act," the Republican Party is actively promoting new legislative initiatives. Several Crypto Assets regulatory bills are currently awaiting congressional review.

Therefore, the House leadership announced that "Crypto Assets Week" will officially begin on July 14, and the upcoming debate will focus on the following:

House Speaker Mike Johnson stated that House Republicans are taking measures to achieve President Trump's digital assets and Crypto Assets agenda. During "Crypto Assets Week," the House will consider three bills: the CLARITY Act, the Anti-State Surveillance of CBDC Act, and the GENIUS Act.

1. The GENIUS Act: Regulatory Framework for Stablecoins

Currently, the "GENIUS Act" is a regulatory framework for stablecoins that has received considerable attention. The bill was passed in the Senate in mid-June but still requires a final vote in the House to confirm its amendments. Given the current progress, the bill is likely to gain attention during "Crypto Assets Week."

The bill aims to promote the integration of stablecoins into the financial system and may encourage companies like Tether to invest in U.S. Treasury bonds. Although the bill faces accusations of favoring the fiat system and undermining the power of DeFi, it could play a role in the Trump administration's stablecoin policy.

2. The CLARITY Act: Consumer Protection and Token Classification

The CLARITY Act is a more general regulatory framework aimed at establishing consumer protection mechanisms and classifying tokens. Determining whether an asset is a security or a commodity is a complex issue, and this act may be intended to address many ongoing disputes.

The bill is still under review by the committee, so it may receive follow during "Crypto Assets Week." Although the bill has the support of the Crypto Assets industry, it also faces criticism. Former Chairman of the Commodity Futures Trading Commission (CFTC) Tom Massad warned about the flexibility of the bill, believing that the new standards may be too lenient and unrealistic to ensure the quality of the assets.

Further voting and debate are expected to help resolve any remaining issues.

3. The "Anti-National Surveillance CBDC Act": Follow Central Bank Digital Currency

The "Anti-National Surveillance CBDC Bill" is currently a relatively less prominent topic in "Crypto Assets Week." Strong opposition to CBDCs has been a long-term goal for some policy circles in the United States, and President Trump also supports this position.

The bill has also fallen into committee review, with no significant progress seen for nearly three months. Currently, the bill does not involve prohibiting U.S. citizens from holding foreign central bank digital currencies, but rather aims to implement a de facto ban on the Federal Reserve to prevent future governments from creating such digital currencies.

Compared to other bills, this does not seem to be an urgent issue. However, Republicans may still want to complete this bill during Trump's term.

Conclusion:

These three bills will become the focus of discussion in Congress during "Crypto Assets Week." Observers in the Crypto Assets industry will closely follow their potential developments, as these bills may impact the regulatory landscape for Crypto Assets in the United States.