The U.S. Congress is preparing for "Cryptocurrency Week," and the industry urges lawmakers to take action.

CN
19 days ago

The U.S. House of Representatives is preparing for an event referred to by Republican leadership as "Cryptocurrency Week," a legislative push scheduled for next week from Monday to Friday that could reshape the future of digital asset regulation in the United States.

This week's "Byte-Sized Insight" podcast discusses the political risks of these bills, industry lobbying efforts, and whether bipartisan support is sufficient to push the legislation across the finish line.

Lawmakers are expected to debate and possibly vote on three high-profile bills: the "CLARITY Act," which will define regulatory oversight of the cryptocurrency market; the "GENIUS Act," which creates a framework for stablecoins and has passed the Senate; and the "Anti-Central Bank Digital Currency Monitoring Nation Act," which would prohibit the creation of a U.S. central bank digital currency.

Mason Lynaugh, community director of the nonprofit advocacy group Stand With Crypto, supported by Coinbase, emphasized that the cryptocurrency industry views this moment as urgent and potentially decisive.

"But the urgency is very real… while we have momentum, we must ensure we complete this mission," Lynaugh said.

Just days before Congress convenes, Stand With Crypto and over 65 other companies and advocacy groups submitted a letter urging House lawmakers to support the "CLARITY Act." Lynaugh acknowledged that the political temperature surrounding cryptocurrency is rising.

He added that the "CLARITY Act" addresses long-standing issues regarding regulatory jurisdiction and consumer protection. "This bill covers all the questions about what the SEC does? What does the CFTC do? What does a token issuance look like? What is decentralization?"

"People are trying to politicize cryptocurrency, which is really unfortunate," he said. "When you cut through the noise and look at the numbers… this is a broad bipartisan topic."

The organization's grassroots mobilization efforts have intensified in recent months. "We have over 50 million Americans owning cryptocurrency," Lynaugh said, pointing out the 2.2 million Stand With Crypto advocates and the over 70,000 emails sent to U.S. senators before the recent vote.

With the "CLARITY Act" and other bills facing a narrow window before recess, the upcoming week may represent the clearest opportunity for the cryptocurrency industry to shape U.S. law.

However, the stakes remain high. Lynaugh warned lawmakers:

Related: How to Legally Participate in Cryptocurrency Staking Under New SEC Regulations in 2025

Original: “U.S. Congress Prepares for 'Cryptocurrency Week' as Industry Urges Lawmakers to Act”

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