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Pay attention to this date in Cryptocurrency! A Cryptocurrency report will first come to Donald Trump's desk! Here are the details.
The regulatory process concerning digital asset markets is gaining momentum in America.
The Digital Asset Markets Working Group affiliated with the White House is expected to publish its first cryptocurrency policy report on July 22.
The report may include proposals for regulatory and legislative measures, as well as suggestions for establishing a national digital asset reserve and ensuring fair access to banking services for crypto companies.
This development coincides with a period in which the Senate is intensifying its efforts for structural reform of the crypto market.
The U.S. House of Representatives went on recess this week due to a schedule change following the passage of the budget bill titled "One Big Beautiful," while the Senate refocused on digital assets.
On Wednesday, the Senate Banking Committee will hold a session regarding the establishment of a regulatory framework for the 3 trillion dollar digital asset industry. In this context, a draft law concerning market structure will also be announced during the week.
The draft in question is expected to combine the provisions of the 2023 Lummis-Gillibrand Responsible Financial Innovation Act and the CLARITY Act introduced in the House of Representatives. It is noted that the Senate Agriculture Committee will also play a significant role in this process and will hold its own session soon.
Next week, all eyes will be on the House of Representatives. The House will vote on the stablecoin regulations that passed the Senate: the GENIUS Act, the CLARITY Act, and the Anti-CBDC (Central Bank Digital Currency Anti-) Surveillance State Act.
The GENIUS Act is expected to go to President Donald Trump's desk without any changes. The Trump administration is demanding that this bill pass "cleanly," that is, without any additional provisions.
The anti-CBDC bill will be separately voted on by House Majority Leader Tom Emmer. This law aims to prevent the FED from developing a digital currency. On the other hand, similar statements aimed at limiting the FED's powers are also found within the GENIUS Act.
Next week, cryptocurrency asset taxation may again come to the fore. The House of Representatives' Subcommittee on Taxation and Revenue wants to reschedule the previously postponed session regarding the taxation of digital assets.