What to watch next week | The U.S. House of Representatives will review three major encryption bills; June CPI data will be released soon (July 14-July 20)

Key Previews for Next Week

July 14

US House of Representatives to Designate Week of July 14 as "Crypto Week", to Advance GENIUS Stablecoin Act and Other Legislation;

Tornado Cash Co-Founder Roman Storm to Be Tried on July 14, US Department of Justice Withdraws Some Charges;

Plasma: Deposits and Withdrawals to Be Locked on July 14, XPL Public Sale Planned to Start on July 17;

July 15

US to Release June CPI Data at 20:30 on July 15;

July 17

WLFI Token Transferability Proposal Open for Community Voting, Voting to End on July 17;

Caldera Opens Airdrop Pre-Claim, Users Who Do Not Complete Pre-Claim by July 17 Will Not Receive Airdrop;

Others (Specific Time Unconfirmed)

Sonic: First Season Airdrop Claim to Open Between July 15 and 22;

From July 14 to July 20, here are more industry events worth noting.

July 14

US House of Representatives to Designate Week of July 14 as "Crypto Week", to Advance GENIUS Stablecoin Act and Other Legislation

Odaily Planet Daily News: The US House of Representatives Republican Party announced that the week of July 14 will be designated as "Cryptocurrency Week", focusing on reviewing three key crypto legislations, including the Senate-passed GENIUS Stablecoin Act, the market structure bill 'Clarity', and a proposal opposing Central Bank Digital Currency (CBDC). This move aims to advance the Trump administration's digital asset agenda and strive to complete legislative delivery before August. The GENIUS Act requires stablecoins to be fully backed by liquid assets like US dollars and mandates annual audits for issuers with a market cap exceeding $50 billion. This agenda is seen as an important milestone towards comprehensive clarity in US crypto policy. (The Block)

Tornado Cash Co-Founder Roman Storm to Be Tried on July 14, US Department of Justice Withdraws Some Charges

Odaily Planet Daily News: Tornado Cash co-founder Roman Storm will be tried on July 14. The US Southern District of New York Attorney's Office stated on Thursday that they will not pursue some "unlicensed money transfer business" charges but will still prosecute for "money laundering", "partial unlicensed transfer", and "conspiracy to violate the International Emergency Economic Powers Act". The DeFi Education Fund stated: "While this aligns with the Department of Justice's April 2025 memo calling for an end to 'prosecution as regulation' and stopping prosecution of registration violations, it does not fully correct the DOJ's errors in this case." Peter Van Valkenburgh, Executive Director of Coin Center, also expressed disappointment: "The criminal statute's relationship with the Bank Secrecy Act is ambiguous and should be interpreted broadly in favor of the defendant."

Plasma: Deposits and Withdrawals to Be Locked on July 14, XPL Public Sale Planned to Start on July 17

Odaily Planet Daily News: The stablecoin project Plasma posted on X platform that deposits and withdrawals will be locked on July 14 (72 hours before sales). The official reminds that Vault deposits cannot be used for this sale, and users should prepare available funds in advance. All deposits will be locked for at least 40 days after the sale ends.

OpenZK Network to Launch OZK Staking on July 14

Odaily Planet Daily News: OpenZK Network announced the launch of OZK staking on July 14, allowing users to earn network rewards and empower OZK. The introduction of the staking feature will further enhance OZK's functionality and effectively increase its use cases.

Simultaneously, OpenZK announced exploration of a dual-token gas fee model, where users can use OZK as network gas fees in addition to ETH, with related R&D ongoing.

Binance Alpha to List Chainbase (C) on July 14 and Open Airdrop Claim

Odaily Planet Daily News: Binance Alpha announced listing of Chainbase (C) platform project on July 14. Eligible users can claim airdrops through Binance Alpha points on the Alpha event page after trading opens. The official stated that more details will be announced soon, and users can follow Binance channels for the latest information.

July 19

None

July 20

None

Others (Specific Time Unconfirmed)

Sonic: First Season Airdrop Claiming Will Be Open Between July 15-22

According to Odaily, Sonic officially announced on X platform that the first season airdrop claiming will be open at random time points between July 15-22.

Letsbonk Founder: Platform Website Update Expected to Be Rolled Out Next Week

According to Odaily, Letsbonk founder Tom posted on X platform that the new website is almost complete and ready to go online. Some users have been invited to test it, and the feedback has been very good. The official release is getting closer, and they have also fixed issues like searching for tokens using Chinese characters. Additionally, he commented that updates should be rolled out gradually next week.