Marketplace Tech Bytes: Week in Review - Crypto Week
Jul 18, 2025
This week, leaders from tech and energy sectors announced a massive $90 billion investment to establish an AI hub in Pennsylvania. Meanwhile, Congress took significant steps in cryptocurrency regulation by advancing three key bills aimed at promoting digital currencies like Bitcoin. Following a temporary ban, Nvidia is set to resume chip sales to China, raising questions about U.S.-China trade relations. Debates continue around central bank digital currencies, reflecting the evolving landscape of cryptocurrency and its implications for the financial sector.
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CBDC Opposition Rooted in Privacy
- Some conservative lawmakers oppose central bank digital currencies (CBDCs) over privacy concerns.
- Bills like the Anti-Central Bank Digital Currency Surveillance State Act aim to prohibit such issuance.
Clarity Act's Regulatory Impact
- The Clarity Act would classify crypto as a commodity, shifting regulatory oversight to the CFTC.
- Crypto advocates prefer this since the SEC has been stricter, especially under the Biden administration.
Genius Act and Stablecoins
- The Genius Act could allow financial institutions to offer stablecoins for payments.
- This opens crypto finance to mainstream institutions, legitimizing stablecoins tied to U.S. dollars.