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US Republicans Declare ‘Crypto Week’ to Mull Three Crypto Bills

By Martha Grizzard
Jul 7, 2025
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House Republican leaders have officially branded the week of July 14-18. 2025 as “Crypto Week,” a compressed window in which they aim to debate and vote on three high-profile digital-asset measures: the market-structure-focused CLARITY Act, the Senate-passed GENIUS Act on stablecoins, and the Anti-CBDC Surveillance State Act that would bar a U.S. central-bank digital currency. Speaker Mike Johnson, Financial Services Chair French Hill, and Agriculture Chair Glenn “GT” Thompson say the push will “deliver the full scope of President Trump’s digital-assets agenda.”

A Coordinated Legislative Blitz

The announcement comes one day before lawmakers leave Washington for the Independence Day recess. Leaders from both the Financial Services and Agriculture Committees have synchronized calendars so the three bills can be taken up on the House floor in succession during Crypto Week, minimizing the risk that procedural delays could push votes into August. Chair Hill framed the initiative as “historic steps to ensure the United States remains the world’s leader in innovation,” while Majority Leader Steve Scalise pledged to “get these pieces of legislation to the President’s desk.”

Bill 1: CLARITY Act Sets Market-Structure Rules

Advanced out of both committees on June 10. the CLARITY Act would define which crypto assets fall under Securities and Exchange Commission oversight and which are regulated by the Commodity Futures Trading Commission. Most exchanges would be required to register with the CFTC and follow new segregation, disclosure, and record-keeping standards—changes the White House’s top crypto adviser, Bo Hines, predicts will “quickly pass the House.”

Bill 2: GENIUS Act Advances Stablecoin Oversight

Republicans have chosen to run with the Senate-crafted GENIUS Act rather than their own STABLE Act, which cleared committee in April. GENIUS establishes a tiered system that lets qualified state regulators supervise stablecoin issuers, a compromise that helped it clear the Senate last month. Legal analysts warn the House may still tweak issuer-eligibility and compliance language, potentially forcing a bicameral conference.

Bill 3: Anti-CBDC Surveillance State Act

First passed by the House in May 2024 but allowed to expire last Congress, the revived Anti-CBDC bill would prohibit the Federal Reserve from developing, testing, or issuing a digital dollar and would bar the Fed from offering retail banking services. Supporters argue that a government-run CBDC would erode financial privacy; critics call the bill premature while research on CBDCs continues at other major central banks.

Partisan Fault Lines and Industry Reaction

Democrats have largely resisted both the CLARITY and GENIUS Acts, linking them to what they describe as a growing “Trump family crypto empire.” Industry groups, however, see Crypto Week as the best chance yet for a comprehensive federal framework, noting years of patchwork state rules and SEC enforcement actions that have driven some firms overseas.

Conclusion

If the House succeeds in passing all three measures during Crypto Week, at least two—GENIUS and Anti-CBDC—could reach President Trump’s desk by early August, while CLARITY would still need Senate action. Even partial success would mark the most significant congressional movement on digital-asset legislation to date, signaling that cryptocurrency has firmly entered the U.S. mainstream policy arena.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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