U.S. House to Vote on Landmark Crypto Regulations in Mid-July
The U.S. House of Representatives will debate two pivotal digital asset bills between July 14 and 18, marking a watershed moment for cryptocurrency regulation. The Clarity Act establishes legal parameters for market participants, while the GENIUS Act creates oversight frameworks for stablecoins.
Congressman French Hill confirmed the legislation's readiness following extensive drafting by the Financial Services Committee. These measures aim to resolve longstanding ambiguities that have stifled innovation and created compliance risks for blockchain businesses.
The Clarity Act specifically addresses the securities classification dilemma that has plagued crypto firms. By delineating operational boundaries for brokers, developers, and investors, the bill could unlock new institutional participation in digital asset markets.