US Crypto Week kicks off with 'Dictator' stablecoin amendment on the table
15.07.2025
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The US House of Representatives is scheduled to consider amendments to three crypto-related bills this week addressing central bank digital currencies (CBDCs), digital asset market structure and payment stablecoins.
The US House of Representatives is gearing up to debate three major crypto bills this week, focusing on CBDCs, digital asset market structure, and stablecoins. This is part of the GOP's 'crypto week' push, with the House Committee on Rules leading the charge.
Among the highlights is the GENIUS Act, which has already seen bipartisan support in the Senate. But it's not all smooth sailing—Democrats, led by California Rep. Maxine Waters, are pushing back hard, citing conflicts of interest tied to former President Trump's crypto ventures.
Waters isn't holding back. She's proposed amendments to block US leaders from promoting or holding crypto and even threw in a jab at 'dictator' regimes, likely targeting El Salvador's Nayib Bukele. Meanwhile, Republicans like Ohio Rep. Warren Davidson are pushing for wallet rights, ensuring individuals can custody their own digital assets.
The clock is ticking—Congress has just eight days in session before August recess. With lobbying groups like Stand With Crypto rallying support, the stakes are high. Will these bills pass, or will political gridlock strike again?
This week, the House will consider several crypto bills, including the so-called CLARITY Act and the GENIUS Act, which proponents claim will establish a pro-innovation regulatory framework for crypto that also safeguards consumers and investors. But the reality is that they would be passing bills written by and for the crypto industry.
Arkansas Rep. French Hill is optimistic, stating these bills will protect investors and cement the US as a leader in fintech innovation. But with Waters and others calling foul, the debate is far from over.
Stay tuned—this week could be a turning point for crypto regulation in the US.
#GENIUS ACT#legislation#regulation#stablecoins#USA
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