The "Cryptos Week" is approaching! Three key bills are under review, will there be significant changes in the crypto space?
"Crypto Week" is just around the corner! Three major cryptos bills are set to bring significant changes to the crypto industry?
The U.S. Congress has designated the week of July 14 as Crypto Week, during which three cryptocurrency bills will be reviewed: the CLARITY Act clarifies regulatory authority, the GENIUS Act establishes a regulatory framework for stablecoins, and the Anti-CBDC Act defends financial privacy. The market anticipates that cryptocurrencies and related concept stocks will experience volatility, and investors should pay attention to potential investment opportunities and risks.
After the strong passage of the "Big and Beautiful Act" led by Trump, the U.S. Congress is about to shift its focus to another battlefield - cryptocurrency regulation.
The U.S. House of Representatives has announced that the week of July 14 will be designated as 'Crypto Week,' during which the CLARITY Act, the GENIUS Act, and the Anti-CBDC Act will be reviewed, marking a critical moment for the cryptocurrency industry.
What do these three cryptocurrency bills represent?
"CLARITY Act" - Defining Regulatory Boundaries
This act clearly delineates the regulatory responsibilities of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over cryptocurrencies, providing a clear compliance path for exchanges, project parties, and investors, and is seen as key to unleashing the innovative vigor of the U.S. cryptocurrency industry.
"GENIUS Act" - Stablecoin Act
This act has passed in the Senate and aims to establish a national regulatory framework for stablecoin issuance. The act requires all stablecoin issuances to be fully backed by U.S. dollars or equivalent high liquidity assets, and mandates annual audits for issuers with a market cap exceeding 50 billion dollars, while also establishing clear regulations for foreign issuers.
Trump expressed hope to sign this act before August, demonstrating the Republican strategy to solidify the U.S. dollar's position in the global digital economy through compliant U.S. dollar stablecoins.
The Anti-CBDC Bill — The Battle for Financial Privacy
This bill aims to prohibit the Federal Reserve from directly issuing Central Bank Digital Currency (CBDC) to the public. The core reason is to defend citizens' financial privacy rights and prevent the government from using CBDC for comprehensive financial surveillance.
In anticipation of the upcoming "Cryptocurrency Week," Republican Congressman Tom Emmer emphasized:
Bringing these three significant bills to President Trump's desk is our commitment to protect the financial privacy of the American people, and it will realize the vision of making America a cryptocurrency hub. A new era for America is here, and now is the time to accomplish this mission.
What are some cryptocurrency investment opportunities worth paying attention to?
With the U.S. House of Representatives set to discuss three key bills to address Digital Asset regulation, the crypto market is expected to experience waves of volatility in the coming weeks.
Market news suggests that the progress of each proposed bill may trigger volatility in Cryptos such as Bitcoin and Ethereum. In addition to Cryptos, related concept stocks and ETFs in the Hong Kong and U.S. stock markets may also experience a correlation effect:
Cryptos Concept Stocks
Among them, the first stock of stablecoins — $Circle(CRCL.US)$ , which is currently the second-largest stablecoin issuer in the world, with a market cap of approximately 61.7 billion USD for its USDC, accounting for about 25% of the U.S. dollar stablecoin market, only second to Tether's USDT.
JPMorgan indicated that USDC is the "most compliant" stablecoin, fully complying with the EU MiCA regulatory requirements and expected to meet the forthcoming US stablecoin regulations.
Internationalization also provides Circle with vast growth opportunities. In high-inflation countries like Argentina and Turkey, USDC is increasingly being used as a value storage tool. JPMorgan estimates that the total M2 money supply of the nine largest high-inflation countries globally is 1.4 trillion USD, and for every 1 percentage point increase in USDC penetration, the circulation will increase by approximately 14 billion USD.
Cryptos Exchange
Cryptocurrency Exchanges to pay attention to $Coinbase(COIN.US)$ 、 $Robinhood(HOOD.US)$ , Hong Kong stocks can focus on $OSL GROUP(00863.HK)$ 。
As the largest cryptocurrency Exchange in the United States, $Coinbase(COIN.US)$ Called by Wall Street institutions as "the most misunderstood and undervalued company among crypto investment assets" and "the Amazon of the crypto world." The company's stock has risen over 43% this year.
He stated, "It dominates the U.S. cryptocurrency trading market, operates the largest stablecoin business among all exchanges, acquired the largest global crypto options trading platform Deribit, and runs the largest and fastest blockchain Base on Ethereum. Additionally, it not only benefits from the 'GENIUS Act' but will also profit even more from the possibly impending 'CLARITY Act.'" Based on this, he raised the stock's target price from $310 to $510 by the end of 2027.
Investment bank The Benchmark Company stated that, against the backdrop of increasingly clear regulation of stablecoins, both Coinbase and Circle are likely to benefit, but Coinbase's profit model has more diverse potential. If the CLARITY Act promoted by the Trump administration is passed later, Coinbase will benefit even more.
In addition, $Robinhood(HOOD.US)$ Recently, it has captured the market's eye, soaring over 150% this year.
Robinhood conducts stock token business under the Lithuanian MiFID license, covering over 200 U.S. listed company stocks and ETFs.
Additionally, Robinhood initially chose to issue tokens on Ethereum's second-layer network Arbitrum to take advantage of lower transaction fees and a mature technology ecosystem. Its long-term plan is to build and migrate to its own Layer-2 blockchain designed specifically for real-world assets (RWA) for greater autonomy and system control.
However, it is worth noting that after Robinhood boldly launched the tokenization of stocks of unlisted companies like OpenAI and SpaceX in Europe, OpenAI officially denied any authorization. According to CNBC, the Lithuanian central bank has contacted Robinhood seeking clarification on its newly launched OpenAI and SpaceX equity token products, stating that it would decide on their legality and compliance after receiving and evaluating the relevant structure and investor communication methods.
Overall, the issuance of stock tokens by Robinhood is triggering a comprehensive CNI Xiangmi Lake Fintech Index revolution that spans from entry to payment, and from clearing to settlement.
Additionally, it is referred to as the Hong Kong version of Coinbase in the market — $OSL GROUP(00863.HK)$ Stimulated by regulations such as the Stablecoin Ordinance in Hong Kong and the U.S. Stablecoin Bill, it has also doubled within the year.
In fact, licensed exchanges form the circulation hub. Data shows that the Hong Kong Securities and Futures Commission has issued 11 VATP licenses; taking OSL Group as an example, its 2024 Earnings Reports verified the monetization potential of stablecoin trading.
According to Guosen's Research Reports, 24.5% of OSL Group's income comes from Saas services and related revenue, while 70.2% comes from digital asset trading. Their trading fees vary based on customer type and trading method, with retail clients at 0.2%-0.28% and institutional clients at 0.15%-0.225%.
In addition, investors can also pay attention to coinholding stocks such as $Strategy(MSTR.US)$ 、 $BOYAA(00434.HK)$ ; and miner stocks such as $MARA Holdings(MARA.US)$ 、 $CleanSpark(CLSK.US)$ 、 $Core Scientific(CORZ.US)$ 、 $Riot Platforms(RIOT.US)$ 、 $IREN Ltd(IREN.US)$ 、 $Bitdeer Technologies(BTDR.US)$ 、 $Hut 8(HUT.US)$ 、 $TeraWulf(WULF.US)$ 、 $Cipher Mining(CIFR.US)$ 、 $Bitfarms(BITF.US)$ 、 $Bit Digital(BTBT.US)$ 、 $Hive Blockchain(HIVE.US)$ 等；
Hong Kong stock ETFs are also worth paying attention to: $ChinaAMC Bitcoin ETF(03042.HK)$ 、 $Harvest Bitcoin Spot ETF(03439.HK)$ 、 $Bosera HashKey Bitcoin ETF(03008.HK)$ 、 $ChinaAMC Ether ETF(03046.HK)$ 、 $Bosera HashKey Ether ETF(03009.HK)$ 、 $Harvest Ether Spot ETF(03179.HK)$ 、 $Samsung Bitcoin Futures Active ETF(03135.HK)$ 、 $CSOP Bitcoin Futures ETF(03066.HK)$ 、 $CSOP Ether Futures ETF(03068.HK)$ 。
Overall, Crypto influences stablecoins, the structure of the crypto market, and financial privacy, and investors need to pay close attention. However, the crypto circle sometimes follows the pattern of "buying the rumor, selling the news," so mooers need to be aware of potential risks.
