House GOP announces crypto week in Mid-July to review key bills
The post House GOP announces crypto week in Mid-July to review key bills appeared on BitcoinEthereumNews.com. The US House of Representatives has designated July 14 as “Crypto Week,” marking a day to recognize and honor progress, innovation, and excellence in digital assets. House Speaker Mike Johnson, Financial Services Committee Chair French Hill, and Agriculture Committee Chair GT Thompson announced the news Thursday, positioning the move as part of a wider Republican plan to further what could be President Donald Trump’s digital finance agenda. Major bills are expected to be debated and voted on by lawmakers during Crypto Week. Some of those include bills targeting stablecoins, which is a more sweeping bill on the structure of the cryptocurrency markets, among others. “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda,” Johnson said in the statement. He called the upcoming legislative session the first bold step in positioning the United States to lead the world in the digital economy. House targets August deadline for stablecoin bill The stablecoin bill will be the top priority for Crypto Week. Although the House had previously pushed its version, known as the STABLE Act, lawmakers are turning their attention to the Senate’s version, titled the GENIUS Act, which has already been approved. The House had shifted its focus, likely to speed up the process, noting that Trump had publicly stated he wanted a stablecoin bill on his desk by August. The GENIUS Act also includes tight rules, such as mandating that US dollars or comparable liquid assets must fully back stablecoins. It requires stablecoin issuers with market values exceeding $50 billion to perform annual audits and sets specific standards for firms or companies domiciled overseas. The House’s previous version had key differences, such as tolerating state-level regulatory structures or treating foreign issuers differently. Still, Republican leaders seem willing to take the Senate…
The post House GOP announces crypto week in Mid-July to review key bills appeared on BitcoinEthereumNews.com.
The US House of Representatives has designated July 14 as “Crypto Week,” marking a day to recognize and honor progress, innovation, and excellence in digital assets. House Speaker Mike Johnson, Financial Services Committee Chair French Hill, and Agriculture Committee Chair GT Thompson announced the news Thursday, positioning the move as part of a wider Republican plan to further what could be President Donald Trump’s digital finance agenda. Major bills are expected to be debated and voted on by lawmakers during Crypto Week. Some of those include bills targeting stablecoins, which is a more sweeping bill on the structure of the cryptocurrency markets, among others. “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda,” Johnson said in the statement. He called the upcoming legislative session the first bold step in positioning the United States to lead the world in the digital economy. House targets August deadline for stablecoin bill The stablecoin bill will be the top priority for Crypto Week. Although the House had previously pushed its version, known as the STABLE Act, lawmakers are turning their attention to the Senate’s version, titled the GENIUS Act, which has already been approved. The House had shifted its focus, likely to speed up the process, noting that Trump had publicly stated he wanted a stablecoin bill on his desk by August. The GENIUS Act also includes tight rules, such as mandating that US dollars or comparable liquid assets must fully back stablecoins. It requires stablecoin issuers with market values exceeding $50 billion to perform annual audits and sets specific standards for firms or companies domiciled overseas. The House’s previous version had key differences, such as tolerating state-level regulatory structures or treating foreign issuers differently. Still, Republican leaders seem willing to take the Senate…
What's Your Reaction?
