When the House of Representatives wanders a day, the Chamber will devote its full schedule to what Republican leaders call “encryption week”, a coordinated batch of voting on three prominent digital assets bills: the Activity Act that was deported in the Senate, and Ackite Ascet (Maraition). Major[s] The president’s agenda, supporting and presenting business and business[s] A clear organizational framework for digital assets. “
The debate between the Republicans erupted late last week when the Republicans in Ohio Warren Davidson warned in the position of X that the sequence chosen by party leaders could bring in reverse results. “The encryption week next week at home,” is books On July 11. Senate Genius To organize Stablecoins must be modified … instead, they want to pass it without modifications … without cbdc, it will be the structure of CBDC connecting in its place, and nothing will protect anything to need the self. For this reason, I will oppose the verb of the genius. “
The main fear of Davidson is that the narrower Stablecoin bill will sail to the president’s office while the broader structure in the market and CBDC measure the procrastination in the Senate, leaving what it calls a “hollow” frame in its place. This episode reveals a rift between the members who get a gradual victory-especially a federal law in Stablecoin. CBDC ban And a clear protection for the governor it hosts as existential.
What does every encryption bill do, and where do you stand?
Stablecoins. The Genius Act, which has cleared the Senate 68-30 in June, will require any source of encoders to retain reserves “supported by the American currency or other similar liquid assets” and spread a monthly collapse of these reserves. Since the draft law has already passed the upper room, the vote of the clean house will send it directly to President Trump, who publicly promised to sign.
CBDCS. CBDC (HR 1919) Federal Reserve From “Use of the Central Bank’s digital currency to implement monetary policy” and prohibit any CBDC for sale by FED. The draft law was submitted by the committee in May, but it lacks the Senators’ companion with 60 votes required to overcome Filibuster – specifically the Davidson bottleneck and other skeptics.
Market structure. The 236-page clarity law provides for three-buckets-base, commodities, and “permissible payment”-and last two of the legal definition of security. Note the department’s summaries separately that this measure directs SEC and CFTC to write the books of parallel rules and create temporary registration systems for exchange, brokers and losers. Unlike the genius, clarity has not yet been dealt with in the Senate; Tim Scott, head of the banking committee, promised a “at the end of September” hearing, but there is no legislative text in that room.
Democrats, who were pivotal in sending a genius via the Senate, pointing to more clear resistance in the House of Representatives. Representative Maxine Waters, the democratic classification in financial services, mocked the Republican Party brand as “anti -profit corruption week”, describing all the three dangerous bills of encryption legislation.
Legislative DrumbEat coincided with a new rise in bitcoin above $ 121,000 and gathered in Altcoins. The independent trader CAS ABBé summarized the mood via X: “The United States has set from 14 to 18 July as a” encryption week “… It is expected to be passed in 2025, which will achieve the way for a large gathering.”
At the time of the press, the maximum Crypto market reached $ 3.75 trillion.
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