US Crypto Week kicks off with 'Dictator' stablecoin amendment on the table

The House of Representatives is set to vote on three crypto-related pieces of legislation before Congress goes on recess.

The US House of Representatives is scheduled to consider amendments to three crypto-related bills this week addressing central bank digital currencies (CBDCs), digital asset market structure and payment stablecoins.

On Monday, the Republican-led House Committee on Rules will meet to discuss the Anti-CBDC Surveillance State Act, the Digital Asset Market Clarity (CLARITY) Act and the Guiding and Establishing National Innovation for US Stablecoins Act, or GENIUS Act, as part of the party’s “crypto week” push.

Discussions of the three bills included several amendments submitted by Democratic lawmakers to address what they called crypto “corruption” in the US government.

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