U.S. House Declares Week of July 14th as “Crypto Week” to Advance Landmark Digital Asset Legislation
Washington, D.C., July 3, 2025 — The U.S. House of Representatives has officially designated the week of July 14th as “Crypto Week,” signaling a focused legislative effort to position America as the global leader in digital asset innovation. The announcement was made by House Committee on Financial Services Chairman French Hill (AR-02), House Committee on Agriculture Chairman GT Thompson (PA-15), and Congressional leadership.
During this significant week, the House plans to consider three pivotal pieces of legislation aimed at establishing a clear and comprehensive regulatory framework for digital assets:
- The CLARITY Act
- The Anti-CBDC Surveillance State Act
- The Senate’s GENIUS Act
These bills collectively seek to safeguard consumers and investors, regulate the issuance and operation of dollar-backed stablecoins, and permanently prohibit the creation of a Central Bank Digital Currency (CBDC) to protect Americans’ financial privacy.
Legislative Leadership’s Vision for Crypto Week
Chairman French Hill emphasized the historic nature of this push, stating, “We are taking historic steps to ensure the United States remains the world’s leader in innovation and I look forward to ‘Crypto Week’ in the House. After years of dedicated work in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework for digital assets that safeguards consumers and investors, provides rules for the issuance and operation of dollar-backed payment stablecoins, and permanently blocks the creation of a Central Bank Digital Currency (CBDC) to safeguard Americans’ financial privacy.” He credited the Trump Administration’s partnership and expressed readiness to collaborate with the Senate on additional market structure legislation by the end of September.
House Speaker Mike Johnson (LA-04) echoed the optimism, highlighting the full scope of President Trump’s digital asset agenda, “During ‘Crypto Week,’ the House looks forward to the timely consideration of three landmark pieces of legislation: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act. I commend the close partnership between the Financial Services and Agriculture Committees and the leadership of Chairmen Hill and Thompson, and I look forward to President Trump signing them into law.”
Majority Leader Steve Scalise (LA-01) added that these bills align with a pro-growth, pro-business vision, “These pieces of legislation further the President’s pro-growth and pro-business agenda, and provide a clear regulatory framework for digital assets. I’d like to thank Financial Services Committee Chairman French Hill and Agriculture Committee Chairman GT Thompson for their leadership on this issue and look forward to getting these pieces of legislation to the President’s desk.”
Emphasis on American Innovation and Privacy
Majority Whip Tom Emmer (MN-06) described this legislative effort as a historic opportunity, noting that American innovators are closer than ever to receiving the regulatory clarity needed to build domestically. He emphasized core American values including privacy, individual sovereignty, and free-market competition. “By sending these three pieces of legislation to President Trump’s desk, we will protect Americans’ right to financial privacy and deliver on our promise to make the United States the crypto capital of the world,” Emmer stated.
Chairman GT Thompson stressed the bipartisan effort behind the CLARITY Act, reflecting voices from stakeholders across the country who have called for regulatory certainty. “It will soon be time for the House to deliver for the American people and send CLARITY to the Senate,” he said.
Senate Support and Bipartisan Collaboration
Senator Tim Scott (R-SC) praised the House’s advancements and shared enthusiasm for enacting the GENIUS Act, emphasizing the opportunity under President Trump’s leadership to maintain American dominance in digital assets while protecting consumers.
Senator John Boozman (R-AR) also expressed support, noting ongoing commitments to develop a clear market structure for digital assets alongside House counterparts.
Senator Bill Hagerty (R-TN) called 2025 a pivotal year for digital asset legislation and applauded the House’s rapid movement on key bills, noting their importance for sustaining U.S. innovation leadership.
Senator Cynthia Lummis (R-WY), drawing from Wyoming’s long experience embracing digital assets, highlighted the federal government’s emerging efforts to follow state-level innovation. She emphasized protection of financial freedom and privacy as central to America’s competitive edge.
House Members Highlighting the Importance of Crypto Week
Rep. Bryan Steil (WI-01) described the week’s legislation as crucial for winning the emerging Web3 race, fostering innovation, protecting consumers, and outcompeting international adversaries.
Rep. Dusty Johnson (SD-AL) reinforced the need for commonsense regulation to allow blockchain technology innovation to thrive, expressing gratitude for bipartisan cooperation among House and Senate leaders.
Background and Legislative Progress
This announcement follows extensive work by Congressional committees earlier in 2025, including:
- Bipartisan reporting of the CLARITY Act by both the Financial Services and Agriculture Committees in June.
- Joint roundtable discussions and hearings on digital asset market structure since early spring.
- Publication of multiple op-eds by Chairmen Hill and Thompson outlining visions for digital asset legislation.
- Previous committee hearings examining stablecoin regulations and the implications of a U.S. CBDC.
With these milestones, the House aims to deliver on its promise of regulatory clarity and consumer protection, setting the stage for America to lead the global digital asset economy.
For more information and updates, please visit the House Committee on Financial Services website.