The United States House of Representatives is preparing for “Crypto Week” in mid-July. Lawmakers will focus on three key bills that could shape the future of digital assets across the country.
These laws aim to make crypto rules clearer and more supportive of responsible innovation. This move is important not just for Bitcoin or Ethereum but for smaller blockchains like Terra Classic (LUNC) as well.
1. Genius Act
This bill would require stablecoin issuers to hold strong financial reserves. For Terra Classic, this is especially relevant. After the collapse of the original UST stablecoin in 2022, stronger laws around stablecoins could help rebuild public trust in the LUNC ecosystem and reduce future risks.
2. Clarity Act
This bill aims to clearly divide responsibilities between the SEC and CFTC. This could finally bring regulatory clarity to tokens like LUNC, which often face uncertainty about whether they are considered securities or commodities. Clearer classification could open the door to safer listings on U.S. exchanges and more institutional use.
3. Anti-CBDC Surveillance State Act
This bill pushes back against the idea of a U.S. government-controlled digital currency. Supporters believe that public blockchains like Terra Classic offer more open and decentralized alternatives to government-run digital money. This bill could increase interest in LUNC as people look for private, transparent blockchain solutions.
Why It Matters for LUNC
“Crypto Week” shows that the U.S. government is starting to take crypto more seriously. If these bills pass, the Terra Classic community could benefit from a stronger legal foundation, new exchange opportunities, and more user confidence. It may also attract more developers, projects, and investors who want to build on chains that align with transparent and fair regulations.
LUNC holders and supporters should watch these developments closely. Real legal clarity could be the next big step in the long-term revival of the Terra Classic ecosystem.