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Decisions Made in Washington This ‘Crypto Week’ to Directly Affect Your Crypto Wallet


by Coin Edition
for CoinEdition
A Guide to the Bills and Data That Will Move Your Crypto This Week
  • Three major US crypto bills are under discussion by the House of Representatives – CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act
  • These proposed laws could set the tone for the next decade
  • China’s Q2 GDP and US CPI (Consumer Inflation) monthly reports are also scheduled for this week

This week (dubbed Crypto Week) could be a monumental one for the crypto market and the industry, as all the major US crypto bills are under discussion by the House of Representatives. The bills in question are the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act.

These legislations are important because they are aiming to bring a lot of changes to how crypto works in the US. 

The Main Event: “Crypto Week” in Washington

For instance, the CLARITY Act defines what constitutes a security versus a commodity in crypto, and gives clear jurisdiction between the SEC and the CFTC, finally addressing the confusion that has plagued cases like Ripple vs. SEC.

Currently, crypto firms often get contradictory signals where the SEC calls something a security, and the CFTC calls it a commodity.

Then there’s the GENIUS Act, which tackles stablecoins. More…

The post Decisions Made in Washington This ‘Crypto Week’ to Directly Affect Your Crypto Wallet appeared first on Coin Edition.

Read the article at CoinEdition

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Decisions Made in Washington This ‘Crypto Week’ to Directly Affect Your Crypto Wallet


by Coin Edition
for CoinEdition
A Guide to the Bills and Data That Will Move Your Crypto This Week
  • Three major US crypto bills are under discussion by the House of Representatives – CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act
  • These proposed laws could set the tone for the next decade
  • China’s Q2 GDP and US CPI (Consumer Inflation) monthly reports are also scheduled for this week

This week (dubbed Crypto Week) could be a monumental one for the crypto market and the industry, as all the major US crypto bills are under discussion by the House of Representatives. The bills in question are the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act.

These legislations are important because they are aiming to bring a lot of changes to how crypto works in the US. 

The Main Event: “Crypto Week” in Washington

For instance, the CLARITY Act defines what constitutes a security versus a commodity in crypto, and gives clear jurisdiction between the SEC and the CFTC, finally addressing the confusion that has plagued cases like Ripple vs. SEC.

Currently, crypto firms often get contradictory signals where the SEC calls something a security, and the CFTC calls it a commodity.

Then there’s the GENIUS Act, which tackles stablecoins. More…

The post Decisions Made in Washington This ‘Crypto Week’ to Directly Affect Your Crypto Wallet appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Crypto Market Rally Is Just Beginning Despite the Latest Achievements – Analyst

Crypto Market Rally Is Just Beginning Despite the Latest Achievements – Analyst

Bitcoin surged over $123,000 on Monday morning, and a renowned cryptocurrency analyst...
House Democrats Launch ‘Anti-Crypto Corruption Week’ to Oppose GOP Legislation

House Democrats Launch ‘Anti-Crypto Corruption Week’ to Oppose GOP Legislation

House Democrats, led by Rep. Maxine Waters and Rep. Stephen Lynch, have announced a c...