Cryptocurrency-related legislation in the United States is rapidly advancing. On July 4th, the "Big and Beautiful Act" was passed in the House of Representatives. The macroeconomic background of fiscal expansion may weaken market trust in the US dollar and US Treasury bonds, while tax reduction policies and fiscal stimulus measures are creating a more relaxed macroeconomic environment for crypto assets. Meanwhile, the "Genius Act" and "Clarity Act" regarding stablecoins and market structure are currently under review in the House of Representatives, with significant progress expected during the "Crypto Week" on July 14th. The PA diagram details the core content and latest legislative progress of five key bills.
