U.S. House Advances Crypto Agenda by Designating 'Cryptocurrency Week' for Priority Crypto Legislation
In a significant move for the cryptocurrency industry, the U.S. House of Representatives and Senate have announced a joint effort to pass three key bills during "Crypto Week" on July 14, 2025. The legislation, championed by Republican leaders, aims to establish a comprehensive regulatory framework for digital assets and blockchain technology, ensuring the U.S. remains a global leader in cryptocurrency innovation.
The focus of this legislative push is to balance regulation and innovation. The three bills—the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act—are designed to provide clarity in the digital asset space, support privacy rights, and promote a competitive free market in the evolving blockchain and crypto sectors.
The CLARITY Act, a central piece of the legislation, focuses on defining the regulatory structure for digital asset markets, including stablecoins and trading platforms. The bill seeks to clarify how existing securities laws apply to digital assets and support dollar-backed stablecoin issuance, aiming to create a stable and predictable legal environment that fosters innovation and investor protection.
The GENIUS Act, which has already passed in the Senate, promotes the responsible development of blockchain-based financial tools and services. It is designed to integrate blockchain technology into the traditional financial system safely, enhancing efficiency, transparency, and regulatory compliance. This act targets the growth of Web3 markets, aiming to encourage innovation while maintaining oversight.
The Anti-CBDC Surveillance State Act, on the other hand, seeks to block the launch of a U.S. Central Bank Digital Currency (CBDC) over privacy concerns. The legislation reflects fears that government-backed digital currencies could lead to surveillance over individual financial transactions, thus protecting consumer privacy and individual sovereignty.
The joint move signals a coordinated effort between committees to craft a modern legal framework for crypto assets. House Speaker Mike Johnson and Majority Leader Steve Scalise have stated that the legislation reflects a "pro-business agenda" designed to create clarity for the market while encouraging innovation. With unified support across committees and both chambers, the legislation could provide long-awaited structure for the growing crypto industry.
The announcement was made by Financial Services Chairman French Hill, Agriculture Committee Chairman GT Thompson, and other House leaders. Senator Hagerty acknowledged the House's momentum and said the passage of the GENIUS Act would be a major milestone. Senator Lummis noted the federal government is beginning to align with states like Wyoming that have long supported digital asset innovation.
Rep. Bryan Steil added that combining regulation with a CBDC ban strengthens the U.S. position in the global Web3 race. The introduction of Crypto Week signals what many lawmakers see as a new chapter in American financial leadership. The move ensures the U.S. remains competitive while protecting market freedom and personal privacy.
This legislative package, aligned with President Donald Trump’s economic agenda, marks a concerted bipartisan effort to define the future of the digital economy in the U.S. The "Crypto Week" legislative push is supported by top congressional leaders and reflects a commitment to fostering innovation, consumer protection, and free-market principles in the rapidly evolving digital asset space.
- The three bills, including the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, aim to establish a regulatory framework that balances innovation in the cryptocurrency industry with business interests and technology advancements.
- The CLARITY Act seeks to foster innovation and investor protection within the digital asset market by providing a clear regulatory structure for stablecoins and trading platforms while ensuring compliance with existing securities laws.
