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 announced that the week of July 14th will be designated as “Crypto Week,” signaling a concentrated effort to advance key legislation related to digital assets and blockchain technology. This initiative comes from the leadership of House Committee on Financial Services Chairman French Hill (AR-02), House Committee on Agriculture Chairman GT Thompson (PA-15), and the broader House leadership.
The session will focus on the consideration of three major legislative proposals: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s forthcoming GENIUS Act. Collectively, these bills aim to establish a clear regulatory framework for digital assets, promote innovation in the cryptocurrency sector, safeguard consumer and investor protections, and prevent the creation of a Central Bank Digital Currency (CBDC) that could invade financial privacy.
Legislative Highlights and Goals
Chairman French Hill emphasized the historic nature of these efforts, stating, “We are taking historic steps to ensure the United States remains the world’s leader in innovation." He highlighted that after years of legislative work on digital assets, the House is moving forward with landmark bills to regulate dollar-backed stablecoins, protect privacy, and block the creation of a CBDC to defend Americans’ financial privacy.
Chairman Hill also acknowledged cooperation between Congress and the Trump Administration, expressing readiness to collaborate with the Senate on advancing market structure legislation targeted for completion by September’s end.
Speaker Mike Johnson (LA-04) underscored the commitment of House Republicans to fulfilling President Trump’s digital asset agenda. He praised the partnership between the Financial Services and Agriculture Committees and predicted prompt passage and enactment of this trio of bills.
House Majority Leader Steve Scalise (LA-01) described the week’s legislation as central to the pro-growth, pro-business policies that will provide much-needed regulatory clarity in the digital asset ecosystem. He thanked Committee Chairmen Hill and Thompson for their leadership in this area.
Bipartisan Support and Broader Congressional Engagement
Majority Whip Tom Emmer (MN-06) called this a “historic opportunity” that balances the promise of blockchain innovation with foundational American values of privacy, individual sovereignty, and competitive free markets. He voiced confidence that these bills would protect financial privacy rights and cement the United States as a global crypto hub.
Chairman GT Thompson noted the long-overdue nature of digital asset market structure laws and the extensive input from stakeholders over the past months. He emphasized the bipartisan cooperation between the Agriculture and Financial Services Committees, and expressed optimism about sending the CLARITY Act to the Senate.
Several Senate Republicans also expressed strong support:
- Senator Tim Scott (R-SC) praised the bills for fostering innovation while protecting consumers and financial freedom.
- Senator John Boozman (R-AR) affirmed continued collaboration with House leaders on digital asset legislation.
- Senator Bill Hagerty (R-TN) called these bills “vital” for maintaining America’s leadership in digital asset innovation.
Senator Cynthia Lummis (R-WY), representing a state known for its early adoption of cryptocurrency-friendly policies, hailed the federal government’s increasing alignment with digital asset innovation and underscored the importance of privacy and competitive regulation.
Key Legislative Components
- CLARITY Act: Aims to define regulatory parameters for digital asset markets, providing clarity for innovators and consumers.
- Anti-CBDC Surveillance State Act: Seeks to ban the creation of a CBDC to protect Americans’ financial privacy rights.
- GENIUS Act: Senate-originated legislation that complements stablecoin regulations and market structure reforms.
Background and Legislative Process
The effort to clarify the United States’ approach to digital assets has been underway throughout 2025:
- On June 10, 2025, the CLARITY Act was favorably reported out of both the Financial Services Committee (32-19) and the Agriculture Committee (47-6).
- Joint hearings and roundtables between the committees have been ongoing since early spring, exploring consumer protection, market structure, and regulatory needs.
- Multiple op-eds authored by chairmen and members have outlined the vision for a balanced regulatory framework supportive of innovation.
- The STABLE Act and Anti-CBDC Surveillance State Act were previously reported out of committee for full House consideration.
Committee leaders continue to engage with the Senate as market structure legislation is expected to be introduced and advanced by their counterparts, with a goal of final bipartisan approval before the end of the year.
Looking Ahead
Rep. Bryan Steil (WI-01) and Rep. Dusty Johnson (SD-AL) both highlighted that passing these bills during “Crypto Week” will help the U.S. “win the Web3 race,” foster domestic innovation, and ensure consumer protections against fraud.
As Congress convenes to consider these measures, the session reflects a determined effort across both chambers to legislate a thoughtful, comprehensive, and forward-looking framework to position the United States as a global leader in the future of digital finance and blockchain technology.
For further information, visit the House Committee on Financial Services website or contact the committee’s press office.