Cardano Leads Capitol Hill Crypto Policy Week with Key Legislative Debates and Regulatory Advances

On July 14, the Capitol Hill Crypto Policy Week commenced, evolving from a House-focused initiative into a comprehensive federal legislative event. The Senate Banking Committee is gearing up for a pivotal roundtable and will soon unveil a draft addressing market structure reforms. Concurrently, industry groups are orchestrating a series of strategic engagements, intensifying the legislative discourse on cryptocurrency regulation. Majority Leader Steve Scalise (R-Louisiana) is set to propose a voting agenda featuring three key Republican-backed bills: the GENIUS Act, the CLARITY Act, and the Anti-Central Bank Digital Currency Act. If approved, the stablecoin legislation could reach the White House within the week, while the other two bills advance to the Senate for further consideration.

The CLARITY Act and the Anti-Central Bank Digital Currency Act are poised for extensive debate and multiple voting rounds, contingent on proposed amendments. The House Rules Committee has already published several amendment proposals, signaling a rigorous legislative process ahead. Additionally, the House Ways and Means Committee will convene a hearing titled “Making America the Crypto Capital of the World: Building Digital Asset Policy for the 21st Century”, focusing on tax frameworks, compliance mandates, and innovation incentives within the digital asset ecosystem.

On the Senate side, Chairman Tim Scott (R-SC) will lead a roundtable discussion on the Future of Digital Assets, featuring prominent figures such as Cardano’s Charles Hoskinson, Algorand’s Silvio Micali, and former SEC Commissioner Michael Piwowar. The dialogue will center on enhancing regulatory clarity, ensuring market compliance, and fostering responsible innovation. The Senate has also released a draft of the CLARITY Act, grounded in a six-principle framework aimed at defining regulatory authority and modernizing the digital asset regulatory landscape.