U.S. House to Review Key Cryptocurrency Legislation

According to BlockBeats, the U.S. House Republican leadership announced plans to review three significant cryptocurrency-related bills during the week of July 14. These include the GENIUS Stablecoin Act, which has already been passed by the Senate, the Digital Asset Market Structure Clarity Act, and a proposal to restrict the Federal Reserve from issuing a central bank digital currency. Notably, although the House had previously drafted its own stablecoin legislation, known as the STABLE Act, it will prioritize the Senate-approved version of the GENIUS Act to expedite the legislative process. The Digital Asset Market Structure Clarity Act aims to delineate the regulatory responsibilities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) concerning cryptocurrencies, while also enhancing investor protection requirements.