Latest U.S. Lawmakers Hope to Pass Three Bills in Upcoming “Crypto Week” in Cryptocurrency

Bitcoin By Mark Hunter 9 hours agoFri Jul 04 2025 09:26:58 Reading Time: 3 minutes Lawmakers have scheduled votes on three major crypto bills during the week of July 14, dubbed “Crypto Week” They have aimed to clarify digital asset regulations, impose rules on stablecoins, and ban a U.S. central bank digital currency Bipartisan support is expected for what has been described as the most comprehensive legislative push on crypto to date Congress is set to dedicate a week in mid-July to pushing forward the most significant legislative package on digital assets yet. Dubbed “Crypto Week,” the initiative will bring three long-awaited bills to the House floor: one to define crypto regulatory oversight, another to set stablecoin rules, and a third to prevent the creation of a retail central bank digital currency in the United States. The coordinated move has been championed by key Republican leaders and backed by lawmakers who argue that digital asset innovation needs regulatory certainty and consumer safeguards. Bills, Bills, Bills The three bills at the heart of Crypto Week are all those with which crypto supporters will undoubtedly be aware by now. The CLARITY Act , formally titled the Financial Innovation and Technology for the 21st Century Act , has been designed to define the boundaries of regulatory authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill proposes a framework for determining whether a digital asset should be classified as a security or a commodity. It has already passed the House Financial Services Committee in a 47–6 vote and received a 29–21 approval in the House Agriculture Committee. Supporters argue it will give long-overdue clarity to developers and exchanges, and ultimately reduce the patchwork of enforcement actions that currently plague the industry. Alongside it, lawmakers will consider the Anti-CBDC Surveillance State Act , a proposal that would block the Federal Reserve from issuing a retail central bank digital currency. Advocates of the bill say it’s a necessary safeguard to prevent government overreach and financial surveillance. House Majority Whip Tom Emmer, a vocal supporter, has warned that a government-controlled digital currency could be used to “track and control” consumer behavior. The bill passed out of committee by a 27–20 vote and has become a political lightning rod, particularly among Republicans concerned with privacy and civil liberties. The third bill on the docket is the GENIUS Act , which focuses on stablecoin regulation. It would require that stablecoins be fully backed by U.S. dollars or high-quality liquid assets, with mandatory annual audits for large issuers holding more than $50 billion in reserves. The bill also includes provisions to limit the influence of foreign actors and gives regulatory power to both state and federal agencies, creating a dual licensing model. It has already cleared the Senate with a 68–30 vote and is expected to pass the House with bipartisan support. GENIUS Lawmakers Seek CLARITY House Speaker Mike Johnson, along with Representatives French Hill and GT Thompson, has led the charge for Crypto Week,  » …

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