Cryptocurrency prices declined after the U.S. House of Representatives did not advance the GENUIS Act and the CLARITY Act, two significant legislative proposals for the crypto industry. Despite the setback, Oppenheimer analyst Owen Lau believes the market's reaction is exaggerated and anticipates that the passage of these bills is inevitable. Lau suggests that if the GENUIS Act, CLARITY Act, and a third bill are passed together, it could lead to a more positive market response.