The U.S. House of Representatives launched “Crypto Week” on July 14, 2025, sparking a surge in Terra Classic (LUNC) as lawmakers debate three pivotal bills: the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act. LUNC, the native token of the Terra Classic blockchain, has stolen the spotlight, climbing over 15% this week as investors anticipate regulatory clarity fueling its revival.
The CLARITY Act aims to define digital asset oversight, splitting regulatory roles between the SEC and CFTC to resolve long-standing uncertainties. This could bolster LUNC’s ecosystem by fostering institutional trust. The GENIUS Act, already Senate-approved, targets stablecoin regulation, requiring 1:1 cash reserves and strict compliance, indirectly supporting LUNC’s stablecoin integrations like USTC. Meanwhile, the Anti-CBDC Act seeks to block the Federal Reserve from issuing a retail central bank digital currency, aligning with crypto advocates’ push for decentralized assets like LUNC.
However, Crypto Week hit a snag on July 15 when a procedural vote failed, with 12 Republicans, including Rep. Marjorie Taylor Greene, opposing the bills over concerns about potential CBDC loopholes and insufficient amendments. Despite the setback, LUNC’s price surged, reflecting market optimism about eventual passage.
For LUNC investors, Crypto Week is a game-changer. Clear regulations could unlock mainstream adoption, driving LUNC’s utility in DeFi and payments. While political tensions persist, with Democrats like Rep. Jim McGovern criticizing the bills as industry-biased, the crypto community remains hopeful. LUNC’s rally underscores its potential as a key player in the evolving U.S. crypto landscape.