US Democrats are countering House Republicans' plans to discuss three digital asset bills during a designated 'crypto week'. Ranking members Maxine Waters and Stephen Lynch stated their intention to oppose what they term 'dangerous' legislation, which includes bills focused on payment stablecoins, crypto market structure, and central bank digital currencies (CBDCs). Lynch criticized Republicans for supporting the crypto industry without addressing its vulnerabilities. The Republican agenda coincides with developments in the Senate, where efforts to draft a comprehensive crypto market structure bill are underway. White House crypto adviser Bo Hines expressed optimism for the passage of the GENIUS Act, while other bills targeted at regulating CBDCs and establishing market structure are also in focus. The political divide underscores a growing tension surrounding crypto regulation in the U.S. Congress, as both parties push conflicting agendas to shape the future of digital assets.

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