TechFlow news, July 7 — According to Crypto In America, the Senate Banking Committee will hold a hearing on cryptocurrency market structure this Wednesday and plans to release a draft discussion paper on regulatory frameworks. The draft will incorporate key elements from the 2023 Lummis-Gillibrand Act and the House's CLARITY Act, aiming to complete market structure legislation before the August recess.
Next week, the House will vote on three important bills: the Senate's stablecoin bill (GENIUS Act), the CLARITY Act, and the anti-CBDC surveillance bill. The GENIUS Act is expected to be sent directly to President Trump for signature without amendments.
Meanwhile, the Trump administration's Digital Assets Markets Working Group is expected to release its first major report on July 22, which may include recommendations such as establishing a strategic Bitcoin reserve and ensuring fair banking access for crypto companies.
Witnesses at the upcoming hearing include Ripple CEO Brad Garlinghouse, Blockchain Association CEO Samantha Masching, Chainalysis CEO Jonathan Levin, and Paradigm partner Dan Robinson.
