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It's Crypto Week. Congress Can Future-Proof the U.S. Financial System: Summer Mersinger

UNITED STATES, JUL 13 – The GENIUS Act aims to regulate the $240 billion stablecoin market and could generate $600 million in revenue, while bills seek to modernize U.S. crypto rules and maintain financial dominance.

  • From July 14-18, the US House of Representatives held 'Crypto Week' to debate and vote on major digital asset legislation in Washington, D.C.
  • This event followed the Senate’s June passage of the GENIUS Act and coincided with House consideration of the CLARITY Act and Anti-CBDC Surveillance State Act.
  • The GENIUS Act is designed to oversee the $238 billion stablecoin industry by mandating that issuers hold full cash reserves and adhere to federal regulatory requirements.
  • House Speaker Mike Johnson stated that House Republicans are actively advancing President Trump's agenda related to digital assets and cryptocurrency.
  • If passed, the legislation could expand stablecoin adoption, improve market liquidity, and prompt payment networks to lower fees, shaping the future of US digital finance.
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BizToc broke the news in on Sunday, July 13, 2025.
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