PA Illustration | Overview of US cryptocurrency-related legislation: Main bill contents and latest developments

The US House of Representatives passed the "Big and Beautiful Act" on July 4, which may create a favorable macroeconomic environment for crypto assets through tax cuts and fiscal stimulus, potentially weakening trust in the US dollar and debt.
Two other key bills, the "Genius Act" and "Clarity Act," focusing on stablecoins and market structure, are under review in the House and could see significant progress during "Crypto Week" starting July 14.
The legislation aims to provide regulatory clarity and foster growth in the cryptocurrency sector, with detailed summaries of five major bills and their latest progress highlighted.

Summary

The US cryptocurrency-related legislation is advancing rapidly. On July 4, the "Big and Beautiful Act" was passed by the House of Representatives. The macroeconomic background of fiscal expansion may weaken the market's trust in the US dollar and US debt, while tax cuts and fiscal stimulus measures create a more relaxed macroeconomic environment for crypto assets. At the same time, the "Genius Act" and "Clarity Act" on stablecoins and market structure are currently being reviewed in the House of Representatives, and are expected to usher in important progress in the "Crypto Week" on July 14. PA Pictures shows in detail the core content of the five key bills and the latest legislative progress.