“Crypto Week” in the US House of Representatives aims to vote on three pro-crypto bills to bolster the national crypto industry. The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act are set for debate and final vote. Key dates include House Rules Committee meeting on Monday, with final passage votes expected later in the week. Democratic leaders campaign against the bills, calling them “dangerous legislation.” The bills aim to establish a clear regulatory framework for digital assets, set ground rules for stablecoin issuance, and block CBDC issuance for financial privacy protection. The GENIUS Act could strengthen dollar power and set a rulebook for the global financial system. Elizabeth Warren raised concerns that companies could bypass securities laws under the CLARITY Act. The GENIUS Act sets rules for stablecoin issuers to maintain reserves backing the stablecoin on a one-to-one basis. Some observers warn that the GENIUS Act’s backing clause could pose systemic risks to the US monetary system. The Anti-CBDC Surveillance State Act aims to prevent the Federal Reserve from issuing a CBDC and influence monetary policy, ensuring Congress is solely responsible for issuing a digital dollar. Representative Brad Sherman criticized the bill as favoring “crypto bros.”

Read more at Cointelegraph: Key Dates to Watch During ‘Crypto Week’