US GOP Declares ‘Crypto Week’ in Mid-July to Consider Three Key Cryptocurrency Bills
In a significant move toward shaping the future of digital asset regulation, US Republican leaders in the House of Representatives have announced plans to deliberate on three critical pieces of cryptocurrency legislation during a specially designated “Crypto Week” set for the week of July 14–18, 2025. This initiative underscores the GOP’s commitment to advancing policies aligned with former President Donald Trump’s crypto agenda.
The Legislative Agenda for ‘Crypto Week’
House Finance Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson collectively declared that the House would focus on three landmark bills during this week:
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The CLARITY Act: A bill aimed at defining clear jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) over cryptocurrencies. It proposes that most crypto exchanges register with the CFTC and comply with stringent rules regarding disclosure, customer asset segregation, and recordkeeping.
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The Anti-CBDC Surveillance State Act: This legislation seeks to prohibit the Federal Reserve from developing or issuing any form of central bank digital currency (CBDC) and preventing it from offering financial services directly to individuals. The bill is intended to address privacy concerns related to digital currencies issued by the central bank.
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The GENIUS Act: A Senate-originated bill regulating stablecoins, which are digital currencies pegged to stable assets like the US dollar. This bill has already garnered bipartisan support in the Senate and is expected to take precedence over a similar House bill known as the STABLE Act.
Speaker Johnson emphasized the GOP’s intention to “deliver the full scope of President Trump’s digital assets and cryptocurrency agenda,” highlighting the urgency of passing these bills before the congressional recess in August.
The GENIUS Act vs. The STABLE Act
While the House Finance Committee passed the STABLE Act in May 2025, the full House has yet to vote on it. In contrast, the Senate’s GENIUS Act, which regulates stablecoin issuers with a more flexible approach—including allowing for state-level supervision rather than strict federal oversight—has already passed the Senate with bipartisan support. House Republican leaders seem to favor advancing the GENIUS Act as-is, which would expedite the process by sending the bill directly to President Trump for his signature.
However, legal experts caution that the House may seek amendments to the GENIUS Act to adjust provisions related to issuer eligibility and the balance of federal and state oversight. Should changes be made, the bill would return to the Senate for approval. There is also speculation that a joint House-Senate committee may be formed to reconcile differences between the GENIUS and STABLE Acts before final passage.
Progress on the CLARITY Act
Following advancement by both the House Financial Services and Agriculture Committees in early June, the CLARITY Act could soon be before the full House. The legislation clarifies that the CFTC will regulate most crypto exchanges, delineating responsibilities between agencies to create a more predictable regulatory environment.
Robert “Bo” Hines, a key White House crypto policy adviser, has expressed expectations for swift House approval of the CLARITY Act, reinforcing the administration’s focus on fostering clear and efficient crypto oversight.
Opposition and Controversy
Democratic lawmakers have voiced significant opposition to both the GENIUS and CLARITY Acts, citing concerns about conflicts of interest given the Trump family’s expanding involvement in the crypto industry—including ventures involving a crypto exchange, stablecoins, and various tokens. Critics argue that these bills could favor Trump-affiliated crypto enterprises and potentially undermine consumer protections.
The Anti-CBDC Surveillance State Act: A Ban on Digital Dollar Development
The final bill considered during “Crypto Week,” the Anti-CBDC Surveillance State Act, aims to ban the Federal Reserve from creating a digital dollar or issuing digital currency products directly to consumers. Originally passed by the House in May 2024 but stalled before the end of the last Congress, the bill was reintroduced and passed by the House Finance Committee in April 2025. A companion bill currently resides in the Senate Banking Committee.
This legislation reflects growing skepticism among some Republicans about the privacy and surveillance risks posed by central bank digital currencies.
As Congress prepares for this focused legislative review, all eyes will be on “Crypto Week” in mid-July to see if these pivotal bills clear the House and move closer to becoming law. The outcomes will have far-reaching implications for the regulation, adoption, and development of cryptocurrency and digital assets across the United States.