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)