Key Dates to Watch During US “Crypto Week” as Lawmakers Tackle Major Digital Asset Legislation
July 14, 2025 – The US House of Representatives has officially designated this week as “Crypto Week,” a concentrated period during which lawmakers aim to debate and vote on three pivotal cryptocurrency bills poised to shape the future regulatory landscape for digital assets. Spearheaded by House Financial Services Committee Chair French Hill, this initiative represents a significant push to create a clear legal framework for the nation’s burgeoning crypto industry.
What Is Happening During “Crypto Week”?
The spotlight will be on three major bills this week:
- Digital Asset Market Clarity Act (CLARITY Act)
- Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act)
- Anti-CBDC Surveillance State Act
These bills will undergo debate, amendments, and final votes over several days as lawmakers seek to address regulatory ambiguity, stablecoin oversight, and limits on central bank digital currency (CBDC) issuance.
French Hill announced “Crypto Week” on July 3, emphasizing that the legislation collectively aims to:
- Establish a transparent regulatory framework for digital assets,
- Define regulatory responsibilities between the SEC and CFTC,
- Set firm ground rules for issuing dollar-pegged stablecoins,
- Safeguard Americans’ financial privacy by blocking the introduction of a CBDC without Congressional approval.
While the move has garnered enthusiasm among House Republicans, Democratic leaders have voiced concerns and are campaigning against what they describe as “dangerous legislation” that could negatively impact consumer protections and financial stability.
Key Dates and Events During Crypto Week
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Monday: The House Rules Committee is set to meet to determine the special rules that will govern debate terms for all three bills.
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Tuesday: Formal discussion on the bills will commence on the House floor. Debates will focus on the content of the legislation as members review amendments and prepare for votes.
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Thursday: The House plans to hold final passage votes on the CLARITY Act and the Anti-CBDC Surveillance State Act.
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Friday: The definitive vote on the GENIUS Act is expected, concluding the scheduled legislative push for the week.
Overview of the Three Major Bills
1. Digital Asset Market Clarity Act (CLARITY Act)
Introduced in late June, this bill aims to set clear distinctions between the oversight roles of the SEC and Commodity Futures Trading Commission (CFTC), especially regarding digital commodities on mature blockchains. One critical provision includes exempting certain digital investment contracts from Securities Act registration requirements, which proponents argue will reduce regulatory uncertainty for crypto firms.
However, critics such as Senator Elizabeth Warren have expressed concerns that the bill might allow publicly traded companies to sidestep existing US securities laws, potentially weakening investor protections.
2. Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act)
First introduced shortly after President Donald Trump’s inauguration, the GENIUS Act has already passed the Senate and now moves to the House. It proposes strict requirements for stablecoin issuers, mandating full backing of stablecoins on a one-to-one basis with US dollars or similar liquid assets and extending existing Bank Secrecy Act obligations to these entities.
Legal and economic experts caution that the full reserve backing requirement might strain the US financial system, raising concerns about systemic risks should stablecoin issuers face liquidity pressures.
3. Anti-CBDC Surveillance State Act
Introduced in early March and subsequently advanced by the Financial Services Committee, this bill aims to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC). Its supporters argue that a CBDC could enable intrusive government surveillance, infringing on Americans’ financial privacy. The bill stipulates that only Congress, not the central bank, can authorize a digital dollar.
Some members of Congress, including Representative Brad Sherman, have criticized the bill as overly favoring cryptocurrency interests, calling it a confusing “word salad.”
Broader Context
This concentrated legislative effort comes amid global debates on cryptocurrency regulation, stablecoin standards, and the potential introduction of CBDCs. The US lawmakers’ actions in “Crypto Week” could influence regulatory approaches worldwide and impact innovative financial technologies.
Stay tuned over the coming days as the House debates these landmark bills and votes that may redefine the US crypto regulatory environment.
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Related Topics: Bitcoin, Altcoins, Crypto Regulation, Stablecoins, Central Bank Digital Currency (CBDC), US Legislation
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