The crypto week in the U.S starts tomorrow

The U.S. House of Representatives is gearing up for what they’re calling Crypto Week.

Big crypto focus from July 14 to 20, the moment where lawmakers are rolling up their sleeves to tackle some serious crypto legislation.

The kind of stuff that could shake up the game and maybe, just maybe, put America back on top in the global crypto regulation race. This is the plan.

Clear up the fog

During Crypto Week, Congress will dive into bills like the CLARITY Act, the GENIUS Act , and the Anti-CBDC Surveillance Act.

White House digital asset policy advisor Bo Hines called this week pivotal for the crypto sector.

Why? Because these laws could clear up the fog around stablecoins and crypto assets, making the market less of a grey zone and more of a smooth highway.

Take the GENIUS Act, for example. If it gets the green light, stablecoin issuance could become a whole lot easier.

Imagine giants like Walmart or Amazon dropping their own stablecoins, weaving crypto right into how we pay for stuff every day.

That’s not just talk anymore, businesses and regulators are watching this closely, and so should you.

Calm the waters

Crypto influencer Cas Abbe is already sounding the bullish horn, saying, the next few weeks are bullish for the crypto market. But hey, don’t go popping champagne just yet.

The community’s cautiously optimistic, like that coworker who’s hopeful about the new project but still keeps an eye on the boss.

Now, remember the 2022 Infrastructure Bill? Yeah, that one sent the market on a rollercoaster because of its broad and confusing rules. This time, lawmakers want to avoid that mess.

They’re aiming for clarity, especially around stablecoins, which could calm the waters for investors and companies alike.

Competetive

Speaking of stablecoins, USDC is holding steady at $63.63 billion market cap. That’s the kind of stability that makes Wall Street nod in approval.

Experts suggest that clearer rules could boost financial stability and support new tech innovations in blockchain.

The U.S. House Financial Services Committee is talking bipartisan moves to build innovation-friendly frameworks for crypto.

Translation? They want to make sure the U.S. stays competitive without strangling the industry with red tape.