#Crypto Legislation Voting Week#

Historic Week for Digital Finance in the USA

This week in the U.S. Congress, there is a busy agenda where comprehensive bills related to digital assets will be voted on. This period, referred to as "Crypto Legislation Voting Week," could be a structural turning point not only for the U.S. but for the entire digital economy worldwide.

Three Critical Legislative Proposals on the Agenda:

1. GENIUS Act (Global Electronic Stable Asset Act)

This law aims to regulate digital asset-backed stable value assets (stablecoin).
Purpose:
• Making it mandatory for exporters to maintain liquid reserves
• To provide a transparent reserve report every month
• Protecting user rights with central control

Expected Voting Date: It is planned to be voted on in the House of Representatives towards the weekend.

2. CLARITY Act (Classification and Authority Act)

It is aimed to provide clarity on whether digital assets are commodities or securities.
Important Point: This law could eliminate the jurisdictional confusion between the two major financial regulatory bodies in the U.S., (SEC and CFTC).

Expected Voting Date: Wednesday, July 16

3. Anti-CBDC Surveillance State Act (Digital Surveillance Opposition Act)

This bill opposes the creation of central bank-backed digital currencies at the federal level.
Justification:
• Concern about the violation of personal financial privacy
• Individual control risks of centralized systems

Voting Status: On the agenda of the House of Representatives on Wednesday

Political and Economic Reflections
The discussions at the Congress are progressing in a bipartite manner, particularly regarding stable assets and laws against CBDCs.
• Some members advocate for financial privacy
• Others argue that a lack of regulation could increase consumer risks.
Investor circles view these laws positively in terms of the long-awaited regulatory clarity.
• Institutional actors believe that a regular and clear framework will enable digital assets to become more integrated with the financial system.

Weekly Summary and Expectations;

July 16 Wednesday + CLARITY and Anti-CBDC Laws = Clarification of Classification & CBDC Ban Discussions

July 17-18 + GENIUS Act = The enforcement of stable asset regulations

To summarize;

This eventful week in the US Congress could be a historic moment not only at the national level but also for the global digital finance system.
If these laws are approved:
• Digital asset classification will become clearer
• Inter-institutional authority sharing will be determined.
• Regulations for stable assets will be implemented.
• CBDC policies will be restricted

These developments may serve as cornerstones that will shape the course of the digital economy in the coming years.
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#CryptoLegislationWeek#