#AltcoinBreakout The US House of Representatives has designated July 14-18 as "Crypto Week," a crucial period for deliberating and potentially passing three landmark cryptocurrency bills.¹

*Key Bills Under Consideration:*

- *CLARITY Act*: Establishes a regulatory framework for digital assets, clarifying the roles of the SEC and CFTC. This bill aims to provide clear guidance for the broader cryptocurrency market, encompassing cryptocurrencies, digital commodities, and decentralized finance (DeFi).

- *GENIUS Act*: Regulates stablecoins, mandating full backing by USD or equivalent liquid assets and annual audits for issuers with over $50 billion in market cap. This bill could pave the way for stablecoins to evolve into a major component of the financial system.

- *Anti-CBDC Surveillance State Act*: Prohibits the Federal Reserve from developing or issuing a central bank digital currency (CBDC) and offering direct financial products to individuals. This bill reflects concerns over potential financial surveillance and privacy issues.

*Implications:*

- *Regulatory Clarity*: Passage of these bills could provide much-needed regulatory clarity for the crypto industry, potentially boosting institutional investment and innovation.

- *Market Impact*: The outcome of these deliberations could significantly impact the crypto market, with potential price surges or drops depending on the bills' progress.

- *Global Leadership*: The US aims to maintain its leadership in the crypto landscape, with the potential to become the "crypto capital of the world" if these bills are passed.²