Market News
Crypto bills set to advance this week take industry closer to mainstream - REUTERS
By Hannah Lang
Summary
- House of Representatives to consider GENIUS, CLARITY Acts
- Trump expected to sign bill to create new rules for stablecoins
- Crypto industry spent $119 million in last election
July 14 (Reuters) - The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.
The House of Representatives is set to pass a series of crypto-related bills in a week which the Republican majority has dubbed "crypto week." The most notable is a bill that would establish a regulatory framework for stablecoins and is likely to advance to President Donald Trump's desk.
