On July 4th, David Sacks, the White House’s lead on cryptocurrency and artificial intelligence, announced that the week of July 14th will be designated as Cryptocurrency Week in the House of Representatives. During this period, the GENIUS Act is expected to be formally presented to the President for approval. Concurrently, the CLARITY Act (U.S. Digital Asset Market Clarity Act) is set to advance to the Senate, marking a significant legislative step toward enhanced regulatory frameworks for digital assets. These developments underscore the federal government’s commitment to establishing clear and structured policies in the evolving crypto market, reflecting a strategic push for regulatory clarity and innovation within the sector.
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