US House of Representatives to Establish "Crypto Week" in Mid-July to Advance the GENIUS Stablecoin Act and Two Other Bills
Odaily Planet Daily News: The U.S. House Republicans have designated the week of July 14 as "Crypto Week," focusing on the review of three key pieces of cryptocurrency legislation. These include the Senate-approved GENIUS Stablecoin Act, the market structure bill "Clarity," and a proposal opposing central bank digital currencies (CBDCs). This move aims to advance the Trump administration's digital asset agenda and seeks to complete legislative delivery before August. The GENIUS Act requires stablecoins to be fully backed by liquid assets such as the U.S. dollar and mandates annual audits for issuers with a market capitalization exceeding $5 billion. This agenda is seen as a significant milestone toward comprehensive clarity in U.S. crypto policy. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ-IIFL Finance rallies to a two-month high, boosted by Blackstone deal
The “outlier” in the AI capital expenditure frenzy: Apple (AAPL.US) keeps spending flat, accounting for less than 5% of sales
Apple continues to stand out among major tech peers, largely avoiding the aggressive wave of capital expenditure associated with artificial intelligence (AI) infrastructure.
Youth Employment Declines for 48 Consecutive Months: Behind the Semiconductor Boom, Young South Koreans Are Being Left Behind by the Times
In South Korea, the unemployment rate in October fell to a three-year low of 2.5%. However, the number of employed people decreased by 50,000, youth employment has declined for 48 consecutive months, and domestic demand remains weak.
Crypto prices
More
