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This summary text is fully AI-generated and may therefore contain errors or be incomplete.
The US House of Representatives has designated July 14 as the start of ‘Crypto Week,’ during which lawmakers will review three major digital asset bills. The initiative aims to position the US as the global leader in crypto innovation. Key legislation includes the CLARITY Act, the Anti-CBDC Act, and the GENIUS Act.
- The CLARITY Act requires crypto firms to disclose financial information and segregate customer funds, assigning oversight to the SEC or CFTC.
- The Anti-CBDC Act aims to permanently block the Federal Reserve from issuing a digital dollar, citing privacy and government overreach concerns.
- Democratic lawmakers oppose the GENIUS Act due to concerns over Trump's crypto ties and seek to bar elected officials from profiting from crypto assets.
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Other Tags: Adam Schiff, French Hill, Mike Johnson, President Trump, CBDC, US House of Representatives