The U.S. House of Representatives will establish "Crypto Week" in mid-July to promote three pieces of legislation, including the GENIUS Stablecoin Act

Odaily News The Republican Party in the U.S. House of Representatives announced that the week of July 14 will be designated as "Cryptocurrency Week", focusing on reviewing three key crypto legislation, including the GENIUS Stablecoin Act, which has been passed by the Senate, the market structure bill "Clarity", and proposals against central bank digital currencies (CBDCs). This move is aimed at promoting the Trump administration's digital asset agenda and strive to complete legislative delivery by August. The GENIUS Act requires that stablecoins be fully backed by liquid assets such as the U.S. dollar, and stipulates that issuers with a market value of more than $50 billion must undergo annual audits. This agenda is seen as an important node for the comprehensive clarity of U.S. crypto policy. (The Block)