Home » Lawmakers Plan Bullish Move: US Crypto Week This July 14 to Tackle Major Bills

Lawmakers Plan Bullish Move: US Crypto Week This July 14 to Tackle Major Bills

by Anna Avery
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U.S. Congress just circled the week of July 14 and slapped “Crypto Week” on it. Crypto Week will be a week-long U.S. holiday. God bless America. *claps*

The House will spend the week debating three bills that could reshape crypto regulation and whether the U.S. still wants to be a serious player in crypto innovation. If passed, they could finally give the industry the framework it’s been begging for.

Meanwhile, a new crypto presale is making headway and could skyrocket during Crypto Week.

Bitcoin
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US Crypto Week: CLARITY Act Brings Long-Awaited Regulatory Certainty

Washington is finally trying to stop playing Calvinball with crypto law. The CLARITY Act proposes a simple fix to carve digital assets into three categories: commodities, securities, and stablecoins, and assign each to the right agency.

It’s a strategy meant to kill the ambiguity that’s made the U.S. a regulatory minefield for crypto firms.

For instance, btc logoBTC ▲0.84%, classified as a “digital commodity,” would come under the CFTC’s jurisdiction, while tokens resembling traditional securities would remain with the SEC.

Additionally, a dual-track registration system is set to provide more flexibility for crypto platforms to register with the relevant agency.

GENIUS Act Caters to Stablecoin Innovation

Passed by the Senate, the GENIUS Act is set to bring stablecoins under federal command. It sets the ground rules for who can mint them, how they’re backed, and what oversight looks like when things go sideways.

The upshot is:

  • Makes stablecoins legally legitimate as long as they do things like proving reserve backing.
  • There will be less of legal barriers to making your own legally compliant stablecoin.

Once the GENIUS Act is signed into law, various entities will begin to replace legacy systems with stablecoin-based systems wherever it is economical to do so. Ideally, soon, someone will offer international payments that arrive in seconds instead of days. This is going to force everyone else to adapt or die.

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Framed as a firewall against financial surveillance, the Anti-CBDC Surveillance State Act would stop the Fed from distributing a digital dollar to individuals.

Crypto Week Standout: TOKEN6900 Raises $220K as Crypto’s First Non-Corrupt Token

One token set to go viral during Crypto Week is TOKEN6900, which is seven days deep into presale and already has $220,000 in the bag. It claims to be the first Non-Corrupt Token (NCT), and unlike most projects, that might actually mean something.

No mint button. No insider stash. No angel round. 80% of TOKEN6900 goes to public presale, and when they say the price jumps in two days, it does.

While central banks hide behind policy jargon and print cash into oblivion, TOKEN6900 is a pure distillation of internet hype and irony, priced at $0.00645… for now.

(Token 6900)

There’s no mystery here. TOKEN6900 isn’t building the next layer of civilization. It’s not disrupting finance. It’s a meme, and it says so proudly.

In a world where central banks rewrite reality while the numbers rot, that kind of blunt-force honesty is the rarest asset of all.

GET IN ON THE TOKEN6900 HYPE NOW

EXPLORE: Tether CEO Paolo Ardoino Hopes For Net Positive From US Elections, Says Bitcoin Strategic Reserve Is A Great Idea: 99Bitcoins Exclusive

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Key Takeaways

  • U.S. Congress just circled the week of July 14 and slapped “Crypto Week” on it.
  • One token set to go viral during Crypto Week is TOKEN6900, which is seven days deep into presale and already has $220,000 in the bag.

The post Lawmakers Plan Bullish Move: US Crypto Week This July 14 to Tackle Major Bills appeared first on 99Bitcoins.



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