Rep. Bryan Steil says he hopes President Trump can sign crypto bill this week: CNBC Crypto World

Crypto Regulation & Legislation - The House of Representatives is moving forward with voting on three crypto regulation bills: the Genius Act (stablecoin legislation), the Clarity Act (market structure bill), and an anti-CBDC bill [1][4][6] - The Genius Act, having already passed the Senate, is poised to potentially become the first standalone crypto measure signed into law, possibly by the end of the week [4][17][20][21] - The Clarity Act aims to establish clear rules for when a digital asset is considered a security (overseen by the SEC) versus a commodity (overseen by the CFTC) [4][27] - The industry spent tens of millions of dollars to elect pro crypto candidates [5] - There are disagreements among lawmakers regarding the best approach to passing crypto legislation, with some advocating for merging bills [5][17][19] Market & Company Developments - Bitcoin traded below $119,000, Ether gained nearly 5.5% to trade above $3,400, and XRP gained 9% to cross $3 [2] - Coinbase is launching a new "everything app" that combines wallet functions with social media messaging and support for various apps, aiming to diversify revenue streams [9] Potential Impacts of Regulation - Passage of stablecoin legislation is expected to encourage significant investment in the crypto space within the US, fostering innovation and protecting consumers [21][22][23] - Clear regulations are anticipated to attract both human and financial capital to the US for blockchain and Web3 technology development [31]