Key regulatory and earnings events in crypto for the week of July 20 include hearings, proposed rules, and major macroeconomic indicators.
This week marks several crucial events in the cryptocurrency and blockchain landscape, alongside noteworthy macroeconomic updates that could influence the digital asset market.
In Washington D.C., the House Financial Services subcommittee will hold a significant hearing regarding the oversight of the Financial Crimes Enforcement Network. This event is set to address important regulatory developments affecting the crypto industry.
The Office of the Comptroller of the Currency (OCC) is nearing the end of the comment period for its proposed GENIUS Act rules, aimed at enhancing anti-money laundering measures and sanctions compliance for stablecoin issuers, with the deadline on July 24. Meanwhile, the Commodity Futures Trading Commission (CFTC) will conclude its comment period for proposals on 24/7 trading and perpetual bitcoin futures contracts on July 27, shortly after Kalshi's approval of its first regulated bitcoin perpetual.
On the economic front, key indicators include the European Central Bank’s interest rate decision on July 23, with expectations pointing to a maintenance of the current rate. Market players will also be attentive to geopolitical developments and shifts in oil prices for hints about potential market trends.
Important Dates to Note
(All times in ET)
- Cryptocurrency Events
- July 21, 10:00 a.m.: U.S. House Financial Services subcommittee hearing on the Financial Crimes Enforcement Network.
- July 24: Deadline for comments on OCC's proposed GENIUS Act rules.
- July 27: CFTC comment period closure for bitcoin trading proposals.
- Macroeconomic Indicators
- July 20, 8:30 a.m.: Canada’s CPI for June.
- July 22, 2:00 a.m.: U.K. CPI for June.
- July 23, 8:15 a.m.: Anticipated ECB interest rate decision and press conference.
- July 23, 8:30 a.m.: U.S. Initial Jobless Claims report.
- July 23, 7:30 p.m.: Japan's CPI for June.
- July 24, 4:00 a.m.: Eurozone S&P Global Composite PMI for July.
- Earnings Reports
- July 21: Interactive Brokers Group (IBKR), post-market.
- July 22: CME Group (CME), pre-market.
- July 22: Tesla (TSLA), post-market.
- July 23: Nasdaq (NDAQ), pre-market.
Token Developments
- Governance Decisions
- ENS DAO is voting on forming a new security council, with voting ending July 20.
- Lido DAO is considering a new staking module, with the vote concluding July 20.
- Superfluid DAO is selecting candidates for its security council election, voting ends July 21.
- Compound DAO will vote on updating price feeds, ending July 21.
- Arbitrum DAO is voting to extend security council member terms, concluding July 23.
- ZKsync DAO is reviewing a protocol upgrade, with voting ending July 23.
- Unlocks
- Several tokens such as LayerZero and Starknet are scheduled to unlock portions of their circulating supply this week.
- Upcoming Conferences
- July 20: Web3 Toronto Conference.
- July 21-22: Blockchain Futurist Conference.
- July 21-23: Mining Disrupt event in Miami.
- July 24-26: ETHGlobal Lisbon event.
