A digital asset
investment fund
Viska is an alternative investment fund based in Iceland that invests in digital assets.
Viska is an alternative investment fund based in Iceland that invests in digital assets.
This week, the U.S. House of Representatives is focusing its attention on a set of cryptocurrency-related bills in what has been labeled “Crypto Week.” This legislative window brings forward proposals that aim to formalize the regulatory treatment of stablecoins, digital asset classification, and prohibit the issuance of a retail central bank digital currency (also known as CBDCs).
The first bill seeks to establish clear requirements for stablecoin issuers. It proposes that issuers maintain full reserve backing with liquid assets, undergo monthly audits, and operate under a framework that includes oversight at both the state and federal level. The bill has already passed through the Senate and is now scheduled for a vote in the House.
This bill is designed to bring clarity to how digital assets are regulated in the United States. It outlines the division of responsibilities between agencies by placing the primary regulatory role with the Commodity Futures Trading Commission for most digital assets, while maintaining securities oversight under the Securities and Exchange Commission in specific cases. The bill also includes provisions for token exemptions under certain maturity conditions.
The third bill aims to prevent the Federal Reserve from issuing a retail digital dollar. It is based on concerns related to privacy and the potential for increased government oversight of financial activity through a centrally issued digital currency.
The start of Crypto Week coincided with strong price movement across many major digital assets. Bitcoin, along with other prominent cryptocurrencies and related equities, saw gains following the announcement of the legislative calendar. These moves reflect heightened activity and attention around the sector during the period of congressional focus.
Image via x.com/anilsaidso
The current administration has been in favor of digital asset adoption. Executive actions taken earlier this year include a ban on the development of a retail central bank digital currency and the establishment of a government-managed Bitcoin reserve. The legislative actions this week are aligned with that broader policy stance. Within Congress, key House committees and leadership figures have signaled alignment with the administration's position and have prioritized these bills on the legislative agenda.
The proposals being debated aim to address regulatory clarity within the crypto industry at large, limit federal digital currency experimentation, and provide a pathway for the responsible issuance of stablecoins. The outcomes of these discussions are expected to define how the country approaches innovation, consumer protection, and financial privacy within the evolving digital economy.
In addition to the GENIUS act recently passing the senate, we have seen monumental progress across other regions as well. Image from Everest Grp
Follow us on LinkedIn to receive push notifications on our latest posts.
