{"id":35236,"date":"2025-07-04T14:17:04","date_gmt":"2025-07-04T14:17:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35236"},"modified":"2025-07-04T14:17:04","modified_gmt":"2025-07-04T14:17:04","slug":"crypto-goes-political-republicans-unveil-plans-in-landmark-crypto-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35236","title":{"rendered":"Crypto Goes Political: Republicans Unveil Plans In Landmark \u2018Crypto Week\u2019"},"content":{"rendered":"
\n

The US House has set July 14 aside as \u201cCrypto Week,\u201d<\/a> a one\u2011day push to fast\u2011track big decisions on digital money. Lawmakers say this marks a fresh effort to nail down rules on stablecoins, market structure and a possible central bank digital currency.<\/p>\n

It all comes as Republicans move to lock in what they call US President Donald Trump\u2019s crypto plan before August.<\/p>\n

Swift Move On Stablecoin Backing<\/h2>\n

According to sources<\/a>, the House will zero in on the GENIUS Act<\/a> during Crypto Week. That bill already cleared the Senate.<\/p>\n

It forces stablecoin issuers to back every token with US dollars or similar liquid assets. Companies with more than $50 billion in market value would face yearly audits.<\/p>\n

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\"\ud83d\udea8\"NEW: Chairman @RepFrenchHill<\/a>, @HouseAgGOP<\/a> Chairman @CongressmanGT<\/a>, and House Leadership announced that the week of July 14th will be \u201cCrypto Week,\u201d where the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act will be considered. @SpeakerJohnson<\/a> @SteveScalise<\/a>\u2026 pic.twitter.com\/vIUoGaoSy1<\/a><\/p>\n

\u2014 Financial Services GOP (@FinancialCmte) July 3, 2025<\/a><\/p>\n<\/blockquote>\n

These tight rules aim to prevent another FTX\u2011style collapse by making sure tokens aren\u2019t just promises on a balance sheet.<\/p>\n

Lawmakers had their own version, the STABLE Act, but it stayed stuck in committee. Turning to the Senate\u2019s text could speed things up.<\/p>\n

They hope to finish by a self\u2011imposed deadline in August. Republicans say this also lines up with comments from US President Donald Trump, who wants a law on his desk before the month ends.<\/p>\n

<\/p>\n

Defining Who Regulates What<\/h2>\n

Based on reports, the second bill is the Digital Asset Market Clarity Act<\/a>, nicknamed the Clarity Act. It draws a clear line between the SEC and the Commodity Futures Trading Commission.<\/p>\n

The plan would force crypto<\/a> firms to show their financials to customers and keep user funds in separate accounts. Sponsors say this will protect investors and let the US catch up with rivals overseas.<\/p>\n

Democrats aren\u2019t all sold on it. They point out that an unclear legal picture drove bad actors into gaps. Some warn that new rules could still leave holes. But Republicans argue that without this framework, innovators will set up shop abroad.<\/p>\n

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\"\ud83d\udea8\" Congratulations to President Trump and the House for passing the historic Big Beautiful Bill \u2014 delivering tax cuts, securing the border, ending the tax on tips, and making the American economy stronger than ever.<\/p>\n

Next up: Crypto Week in the House (week of the 14th).<\/p>\n

GENIUS\u2026<\/p>\n

\u2014 Bo Hines (@BoHines) July 3, 2025<\/a><\/p>\n<\/blockquote>\n

Blocking A Fed Digital Dollar<\/p>\n

A third measure comes from Majority Whip Tom Emmer. His bill would bar the Federal Reserve from issuing a retail\u2011facing central bank digital currency, or CBDC<\/a>.<\/p>\n

Emmer says a Fed\u2011run digital dollar would let Washington watch every purchase. He calls it a risk to civil liberties and economic privacy.<\/p>\n

\"\"<\/p>\n

Critics of Emmer\u2019s ban say it overreaches. They note the Fed has shown little interest in a consumer CBDC so far. Still, his proposal taps into a broader fear of government surveillance in financial life.<\/p>\n

House Leaders Aim For A Full Vote<\/p>\n

House Speaker Mike Johnson, along with Financial Services Chair French Hill<\/a> and Agriculture Chair GT Thompson, announced these plans on Thursday.<\/p>\n

They\u2019re pushing for all three bills to get debated and voted on in a single session. That same day, they released a joint statement calling this effort the \u201cfirst bold step\u201d toward US leadership in digital finance.<\/p>\n

Featured image from Meta AI, chart from TradingView<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The US House has set July 14 aside as \u201cCrypto Week,\u201d a one\u2011day push to fast\u2011track big decisions on digital money. Lawmakers say this marks a fresh effort to nail down rules on stablecoins, market structure and a possible central bank digital currency. It all comes as Republicans move to lock in what they call […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35236","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35236"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35236\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}