The House is set to advance the GENIUS Act and CLARITY Act this week, aiming to regulate stablecoins and define digital tokens under securities law. Market overview includes requirements for stablecoins to be backed by U.S. dollars, proposed CFTC oversight expansion, and a vote on banning a U.S. central bank digital currency. The GENIUS Act aims to legitimize stablecoins, attract institutional investors, and provide transparency, while the CLARITY Act seeks to reduce regulatory ambiguity and attract capital. Consumer groups warn of insufficient protections against foreign issuers, with ongoing debates over anti-money laundering provisions and Big Tech stablecoins. In the bear case, there are concerns over regulatory loopholes, weaker investor protections, and limitations on the government’s ability to respond to payment disruptions.

Read more at Quiver Quantitative: Crypto Regulation Enters “Crypto Week” in U.S. Congress (GBTC)