Crypto Policy Week on Capitol Hill Kicks Off, with Both Houses Engaged in Intense Debate

BlockBeats News, July 14th: The Cryptocurrency Policy Week on Capitol Hill officially kicked off, and what was originally a House of Representatives agenda has been upgraded to a legislative feast spanning the entire Congress. With the Senate Banking Committee preparing for a high-level roundtable meeting and soon to release a market structure discussion draft, coupled with intensive activities organized by industry associations, the cryptocurrency legislative war has now spread throughout the Capitol.

Majority Leader Steve Scalise (Republican-Louisiana) will today unveil the agenda, intending to vote on three key Republican-led cryptocurrency bills: the "GENIUS Act," the "CLARITY Act," and the "Anti-Central Bank Digital Currency Act." If all goes well, the stablecoin bill without any amendments may be sent to the White House this week, while the other two bills will be transferred to the Senate. Key points to note include:

If the "CLARITY Act" and the "Anti-Central Bank Digital Currency Act" are open to amendments, multiple rounds of voting and extended debates are expected. The House Rules Committee website has published some proposed amendments.

This Wednesday, the House Financial Services Committee Oversight Subcommittee will hold a hearing titled "Making America the Global Cryptocurrency Capital: Building 21st Century Digital Asset Policy," focusing on tax policies, reporting rules, and innovation incentives.

Senate Banking Committee Chairman Tim Scott (Republican-South Carolina) will host a "Future of Digital Assets" lawmaker roundtable on Thursday morning. Industry leaders such as Cardano founder Charles Hoskinson, Algorand founder Silvio Micali, former SEC Commissioner Michael Piwowar, will discuss topics such as regulatory clarity, market compliance mechanisms, and responsible innovation.

The Senate version of the "CLARITY Act" — the market structure discussion draft — is set to be released as early as Wednesday. Based on the six principles framework proposed by the committee last month, the draft advocates for clarifying regulatory authority and establishing a modernized digital asset regulatory system.