Key Takeaways: The U. S. House of Representatives will dedicate the week of July 14 to advancing three critical crypto bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. These aim to establish a clear regulatory framework for digital assets, set stablecoin rules, and block the creation of a U. S. central bank digital currency (CBDC). Supported by the Trump administration, this legislative effort positions the U. S. to become a global leader in crypto innovation. U. S. digital asset policy is at a pivotal moment. With bipartisan support and momentum from Congressional leaders alongside the Trump administration, the House has declared the week of July 14 as “Crypto Week. ” During this time, legislators will consider three bills that could dramatically reshape cryptocurrency, stablecoin regulation, and financial privacy in America. Crypto Week: Three Major Bills Under Review The main objective of Crypto Week is to expedite long-awaited digital asset legislation. The three key bills are: - CLARITY Act: Defines market structure by clarifying federal agency oversight of digital assets. - GENIUS Act: Establishes a federal framework for stablecoins that promotes innovation while protecting consumers. - Anti-CBDC Surveillance State Act: Seeks to prohibit the Federal Reserve from issuing a CBDC, citing risks to privacy and civil liberties. These bills aim to create comprehensive digital asset regulations that encourage innovation and prevent government overreach in financial privacy. A Strategic Legislative Effort Backed by the Trump Administration Led by Chair French Hill (AR-02), Chair GT Thompson (PA-15), and Speaker Mike Johnson (LA-04), this initiative reflects the U. S. ’s opportunity to lead the global crypto economy.

These lawmakers have collaborated closely with the Trump administration on legislation that is strongly anti-CBDC and pro-innovation. Majority Whip Tom Emmer, a longtime crypto policy advocate, emphasized: “This is a historic opportunity…The House will send CLARITY to the Senate and deliver on our promise to make the United States the crypto capital of the world. ” This legislative push responds to concerns about financial surveillance, regulatory ambiguity, and competition from crypto-progressive regions like the UAE, Singapore, and the EU. Details of the CLARITY Act The CLARITY Act addresses crypto’s critical oversight question by: - Dividing jurisdiction between the SEC and CFTC based on whether a token is a security or commodity. - Establishing legal frameworks for digital asset intermediaries such as centralized exchanges and custody providers. - Introducing licensing requirements for operating in the U. S. market. Described as “long overdue, ” the bill followed extensive hearings, public roundtables, and consultations with developers, legal experts, and industry players. Both the Financial Services and Agriculture committees approved it with bipartisan support (32-19 and 47-6 respectively), paving the way for a full House vote. GENIUS Act: Introducing Stablecoin Regulation The GENIUS Act focuses on stablecoins by setting clear, enforceable rules for issuing and backing dollar-pegged digital tokens. Key provisions include: - Reserve requirements to ensure tokens are fully collateralized. - Registration guidelines for stablecoin issuers operating in the U. S. - A supervisory framework involving Treasury and banking regulators. The bill incentivizes American fintech and blockchain firms to develop regulated stablecoins domestically instead of moving offshore to jurisdictions with clearer rules. Blocking CBDCs to Protect Financial Privacy The Anti-CBDC Surveillance State Act addresses growing fears that a CBDC could threaten financial freedom. It would: - Prohibit the Federal Reserve from launching or piloting a digital dollar. - Prevent Treasury from developing a U. S. CBDC without Congressional approval. - Emphasize user privacy and oppose “surveillance finance. ” Critics warn that CBDCs could enable excessive government control over spending, financial censorship, political targeting, or mass surveillance. A Year of Preparation: The Road to Crypto Week The bills introduced during Crypto Week follow over a year of legislative groundwork, including: - April 2024: Passage of the Financial Innovation and Technology for the 21st Century Act (FIT21), the first comprehensive bill on digital asset market structure. - February–June 2025: Multiple hearings, op-eds, and draft releases to collect feedback from the public and industry. - June 11, 2025: Chairmen Hill, Thompson, and Whip Emmer reaffirm their commitment through a joint op-ed in CoinDesk. House Speaker Johnson highlighted the administration’s role: “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda. ”