Crypto Week

Lawmakers have declared it “Crypto Week” on Capitol Hill.

The House is considering three bills that promise to bring crypto out of the wild west:

• The GENIUS Act would establish a framework for stablecoins—digital tokens tied to value tangible assets, like the US dollar—and already passed the Senate with bipartisan support
• The likely harder-to-pass CLARITY Act would give regulatory oversight of different crypto assets to the SEC and the Commodities Futures Trading Commission
• The Anti-CBDC Surveillance State Act would prohibit the Federal Reserve from creating its own digital currency in an effort to keep crypto decentralized

Bitcoin briefly topped $123,000 on Monday—a new all-time high and up ~85% over the last year—in hopes this week will (finally) bring regulatory clarity to the industry.

And if Crypto Week isn’t your thing, Shark Week kicks off Sunday.

Verse to consider when obsessively checking whether stocks or cryptos are up or down… “I have learned to be content in whatever circumstances I find myself. I know how to make do with little, and I know how to make do with a lot. In any and all circumstances I have learned the secret of being content—whether well fed or hungry, whether in abundance or in need.I am able to do all things through him who strengthens me.” 
Philippians 4:11-13 (CSB) (read full passage)