US Lawmakers Start ‘Crypto Week’ With 3 Digital Asset Bills Up for Debate

The review is part of what Republican leaders are calling "crypto week", with discussions kicking off in the House Rules Committee.

The three proposals on the table are the Anti-CBDC Surveillance State Act, the Digital Asset Market Clarity Act (CLARITY Act), and the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act).

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Several Democratic lawmakers have proposed changes necessary to reduce conflicts of interest in the crypto industry. Representative Maxine Waters of California put forward four alternative versions of the GENIUS Act.

Her proposals raised concerns about potential self-dealing by public officials, particularly those associated with President Donald Trump. Waters pointed to President Trump’s ties to World Liberty Financial (WLFI) and its USD1 stablecoin, along with the Official Trump meme coin, as examples of potential conflicts.

One of her amendments would block any president, vice president, member of Congress, or their close relatives from owning or promoting cryptocurrencies. Another would prevent the US Treasury from recognizing stablecoin rules in any country whose leader has referred to themselves as a dictator.

On the other side, Republican Representative Warren Davidson of Ohio suggested adding protections for individuals who use hardware or software wallets to hold their own digital assets. His amendment repeats language already included in the CLARITY Act, aimed at supporting personal control over crypto holdings.

Recently, Stand With Crypto, an advocacy group affiliated with Coinbase $5.17B , urged US lawmakers to pass the CLARITY Act. What did the group say? Read the full story.