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The "Cryptocurrency Bill Week" has arrived in the U.S. House of Representatives! Read to understand the latest voting agenda for CLARITY, GENIUS, and Anti-CBDC.
The U.S. House of Representatives has designated the week of 7/14 as "Crypto Bill Week," with a vote on the digital asset market structure bill, the CLARITY Act, scheduled for 7/16, and a final vote on the stablecoin bill, the GENIUS Act, as well as the CBDC ban bill, on 7/17. If the GENIUS Act passes, it will be sent to President Trump for signing, becoming the first official cryptocurrency legislation in the United States.
The House Rules Committee scheduled a voting process on 7/14.
The House Rules Committee will meet on July 14 in the afternoon to schedule the voting process for three major Crypto Assets bills this week. During the voting process, there will be attendance from members of the U.S. House Financial Services Committee (HFSC) and the U.S. House Committee on Agriculture (United States House Committee on Agriculture) to advocate for the three bills, and the meeting will continue into the late night.
In the final resolution, each bill has one hour of debate time, and no amendments are accepted; the vote is conducted directly.
The CLARITY Act was voted on 7/16, passed by the House and sent to the Senate for review.
The Digital Asset Market Structure Bill "CLARITY Act" will be voted on the afternoon of 7/16. This bill primarily establishes a regulatory framework for the U.S. crypto assets industry, and after passing the House of Representatives, it will be submitted to the Senate for review.
The "CLARITY Act" is expected to gain broader bipartisan support, with Republicans also working to garner more support from Democrats to ensure that the bill enters the Senate with stronger backing. Senate Banking Committee Chairman Tim Scott stated that the "CLARITY Act" will serve as a reference template for the Senate to draft legislation, but it does not guarantee that the House version will be fully adopted, and it may enter a negotiation phase later.
The CBDC ban bill was also voted on 7/16.
Alongside the CLARITY Act, which was voted on 7/16, there is also the "CBDC Anti-Surveillance State Act" that prohibits the Federal Reserve (Fed) from issuing central bank digital currency (CBDC). Republican members believe that if the Fed issues a CBDC, it would significantly impact the stablecoin market and simultaneously control the flow of people's funds, hence the introduction of this bill.
Although the U.S. government has not yet actively promoted CBDC, the bill essentially preemptively prevents the possibility of CBDC being issued in the future, and currently, the Senate has not proposed a corresponding version of the bill.
The GENIUS Act was finally voted on in the House on 7/17, with the focus shifting to CLARITY.
The stablecoin bill "GENIUS Act" will undergo a final vote on the morning of 7/17. This bill establishes a regulatory framework for stablecoin issuers and provides clear compliance guidelines.
It has currently received bipartisan support and passed in the Senate, and the House of Representatives has also committed to making no amendments. Once passed, it will be sent directly to Trump's desk for signing into law, becoming the first official Crypto Assets bill in American history.
The focus will now fully shift to the deliberation process of the "CLARITY Act" and its Senate version. Although Senate Banking Committee Chairman Tim Scott has promised to complete the Senate deliberation by 9/30, the final outcome still has variables.
(Tesla and Meta use CLARITY and asset tokenization to circumvent regulations? The House will review three major Crypto Assets bills on 7/14)
This article covers the "Crypto Bill Week" in the US House of Representatives! Understand the latest voting agenda on CLARITY, GENIUS, and anti-CBDC, first appeared in Chain News ABMedia.