Regulatory Landscape - The Genius Act, a "rules of the road bill" for stablecoins, has been signed into law [1] - The Clarity Act, which aims to define market structure for digital assets by distinguishing commodities from securities, is a key priority for the crypto industry [2] - The Clarity Act passed the House but needs to go through the Senate [3] - Senators Cynthia Lumis and Rick Scott are expected to release their version of the Clarity Act later this month [3] - Bipartisan support in the Senate is necessary for the Clarity Act to pass, requiring collaboration between parties to reconcile House and Senate versions [3] Industry Outlook - The crypto industry views the signing of the Genius Act as a positive step, but considers the passage of the Clarity Act as the ultimate goal [1][2] - Despite the celebratory atmosphere, the crypto industry's objectives are not yet fully achieved [4]

Legislative Focus - The GENIUS Act has been signed into law, marking a significant step in crypto legislation [1] - The CLARITY Act is the next major piece of crypto legislation under consideration [1] CLARITY Act Implications - The CLARITY Act aims to protect developers of non-custodial Bitcoin and crypto technology [1] - Passage of the CLARITY Act is considered essential for the crypto industry [1]

Legislation Impact - Bipartisan crypto legislation is a "watershed victory" [1] - Legislation is expected to launch a golden age of digital assets and blockchain innovation [1]

Crypto Legislation Advancement - The House voted 217-212 to advance the rule setting up floor votes on crypto legislation [1] - This action follows nearly 10 hours of delay [1] - The vote paves the way for final passage votes on major digital asset bills [1]

Regulatory Landscape - US House of Representatives voted to advance crypto legislation [1] - The vote followed a 9-hour delay [1] Industry Impact - The advancement clears the way for a final vote on crypto legislation [1]

House Republican leaders struggled Wednesday to resolve an impasse with GOP hardliners on crypto legislation backed by President Donald Trump https://t.co/VgHe9kYffg ...

Market Trends & Inflation - Bitcoin fell after inflation data showed prices climbed 2.7% in June [1][2] - Standard Chartered is launching digital asset trading service for institutional clients, allowing spot trading of Bitcoin and Ether [2][3] Regulatory Landscape & Legislation - Grayscale confidentially submitted an S1 with the SEC to list on a US stock exchange, number of shares and price range have not yet been determined [1][4] - The House failed to clear a procedural hurdle to move crypto bills forward, facing opposition from both Republicans and Democrats [7] - Coinbase's chief legal officer discussed the Clarity Act, the Genius Act (Stablecoin Regulation Bill), and the Anti-CBDC Surveillance State Act, emphasizing the need for regulatory clarity [8][9] - The Genius Act has already passed the Senate and could be signed by the president soon [10] - The Clarity Act aims to clarify the jurisdiction of the SEC and CFTC over digital assets [11][12][13] - The President aims to sign stable coin legislation by August recess and wants a market structure bill ready for signature no later than September 30th [19][20] Stablecoins & Blockchain Adoption - White House official David Saxs said more companies could be encouraged to use blockchain technology if the Genius Act passes, potentially leading to wider adoption by institutions like banks, Visa, and Mastercard [5][6] - US law recognizing stable coins is critical for confidence in the market and for major institutions to invest in this technology [15][16] Coinbase & Political Action - Fair Shake, a political action committee focused on the crypto industry, has $141 million cash on hand, including an additional $25 million contribution from Coinbase [22] - Coinbase has contributed nearly $100 million to Fairshake to date, supporting the enactment of sensible rules for crypto on a bipartisan basis [22][23]

🇺🇸 🟠 Bitcoin is hitting new all-time highs while Congress votes on crypto legislation.Welcome to Crypto Week! ...

🇺🇸 CRYPTO WEEK: This week, the House is expected to vote on major crypto legislation including the GENIUS Act, CLARITY Act, and Anti-CBDC Surveillance State Act.Big week ahead! https://t.co/vAJomURSnZ ...

Regulatory Landscape - Lawmakers are facing challenges in advancing crypto legislation before October [1] - The industry is pushing for clear regulatory frameworks for cryptocurrencies [1]