The US House of Representatives will establish "Crypto Week" in mid July to advance three pieces of legislation, including the GENIUS stablecoin bill

Odaily Planet Daily News: The Republican Party in the US House of Representatives announced that the week of July 14th will be designated as "Cryptocurrency Week", with a focus on reviewing three key cryptocurrency legislation, including the Senate passed GENIUS stablecoin bill, market structure bill Clarity, and proposals against central bank digital currencies (CBDCs). This move aims to advance the Trump administration's digital asset agenda and strive to complete legislative delivery by August. The GENIUS Act requires stablecoins to be fully supported by liquid assets such as the US dollar, and requires issuers with a market value exceeding $50 billion to undergo annual audits. This agenda is seen as an important milestone in the comprehensive clarification of US encryption policies. （The Block）