US GOP to Hold ‘Crypto Week’ in Mid-July to Consider Three Key Cryptocurrency Bills
In a significant legislative push, US House Republican leaders have announced plans to devote the week of July 14–18, 2025, to what they are calling “Crypto Week,” during which they will consider three major cryptocurrency-related bills. This concentrated effort aims to address regulation and market structure for stablecoins, digital assets, and central bank digital currencies (CBDCs).
Key Figures and Agenda
The initiative is being led by several top House Republicans, including House Financial Services Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and House Speaker Mike Johnson. Together, they disclosed on July 3 that the House plans to review and potentially pass three pieces of legislation: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate-originated GENIUS Act.
Speaker Mike Johnson stated, “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda.” He added, “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.”
Trump’s Agenda and Industry Support
This legislative push coincides with former President Donald Trump’s recent public urging to pass the GENIUS Act promptly, ideally before Congress adjourns for a month-long August recess. Trump’s campaign was notably backed by significant crypto-industry contributions, and many view these bills as a step toward fulfilling his administration’s crypto-related promises.
GENIUS Act vs. STABLE Act
A major point of focus is the GENIUS Act, a Senate-passed stablecoin regulatory bill that the House appears ready to adopt in place of its own STABLE Act. The House Finance Committee had passed the STABLE Act in May, but it has yet to receive a full House floor vote.
The GENIUS Act, which received bipartisan support in the Senate last month, would advance to Trump’s desk after a House vote if passed without amendments. However, legal analysts from Pillsbury Law warn the House might propose changes regarding issuer eligibility, oversight between federal and state regulators, and compliance standards. Such changes would require the bill to return to the Senate for approval.
Troutman Pepper Locke attorneys also suggest the formation of a bicameral committee to reconcile differences between the GENIUS and STABLE Acts, with both chambers needing to agree on the final text before presidential consideration.
A notable difference between the bills involves regulatory oversight. The STABLE Act emphasizes strict federal supervision of stablecoin issuers, whereas the GENIUS Act permits a more state-centric supervisory framework.
CLARITY Act and Its Implications
The CLARITY Act, focused on clarifying the regulatory jurisdiction over cryptocurrencies, could be the next bill to reach the president. This market structure bill, advanced by the House Financial Services and Agriculture Committees in early June, seeks to define the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in policing crypto markets.
Under the CLARITY Act, most crypto exchanges would be required to register with the CFTC. The bill also mandates protocols for disclosure, customer asset segregation, and recordkeeping. Robert “Bo” Hines, a senior White House crypto policy advisor, is optimistic about the bill’s swift passage in the House.
However, Democratic lawmakers have expressed strong opposition to both the GENIUS and CLARITY Acts. Critics point to potential conflicts of interest arising from Trump’s and his family’s expanding involvement in crypto ventures, including an exchange, stablecoin, and multiple tokens.
Anti-CBDC Surveillance State Act Targets Digital Dollar
The third bill under consideration during Crypto Week is the Anti-CBDC Surveillance State Act, which has a Senate counterpart moving through the Banking Committee. This legislation aims to ban the Federal Reserve from testing, creating, or issuing any form of central bank digital currency or offering financial services directly to individuals.
Initially introduced by House Majority Whip Tom Emmer in the previous Congress, the bill passed the House in May 2024 but expired with the end of that term. Emmer reintroduced the bill this Congress, and the House Finance Committee advanced it in April.
Broader Context
These legislative efforts reflect the Republican Party’s commitment to shaping the regulatory environment for digital assets, with a particular emphasis on stablecoins and decentralizing supervisory authority. As debates continue over federal versus state oversight and privacy concerns related to a potential digital dollar, the outcome of Crypto Week could have far-reaching implications for the US crypto market and regulatory landscape.
Looking Ahead
As the House prepares for Crypto Week, industry watchers and investors alike are closely monitoring developments. The swift passage of these bills could crystallize regulatory certainty that has been elusive for years, potentially opening the door to greater innovation and adoption of digital assets across the United States.
Sources:
- Financial Services GOP announcements
- Statements from House leaders and White House policy advisors
- Pillsbury Law and Troutman Pepper Locke legal commentary
- Congressional legislative records
This article is based on reporting by Cointelegraph, July 4, 2025.