U.S. House Declares Week of July 14th as “Crypto Week” to Advance 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 major legislative focus on digital assets and blockchain technology. This announcement comes from House Committee on Financial Services Chairman French Hill (AR-02), House Committee on Agriculture Chairman GT Thompson (PA-15), and House Leadership, who collectively emphasized the importance of establishing the United States as the world’s leader in cryptocurrency innovation.
During Crypto Week, the House plans to consider a trio of key legislative initiatives aimed at shaping the country’s regulatory landscape for digital currencies: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act. These bills represent congressional efforts to create clear frameworks for regulating digital assets, protecting consumer privacy, and promoting financial innovation.
A Unified Legislative Push for Digital Assets
Chairman French Hill highlighted the historic nature of this legislative 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.” He underscored the goal of establishing a regulatory framework that both safeguards investors and consumers and addresses issues such as the issuance of dollar-backed stablecoins. Notably, the legislation includes provisions to permanently prohibit the establishment of a Central Bank Digital Currency (CBDC) in the US, with strong emphasis on protecting Americans’ financial privacy.
Chairman Hill also acknowledged the cooperation with the Trump Administration and expressed readiness to collaborate with the Senate, particularly on advancing standalone market structure legislation by the end of September.
Speaker Mike Johnson (LA-04) echoed this commitment, noting that House Republicans are actively pursuing President Trump’s digital assets and cryptocurrency agenda. Johnson praised the collaborative efforts between the Financial Services and Agriculture Committees and expressed eagerness to see the legislation signed into law.
Legislative Leaders Voice Support
House Majority Leader Steve Scalise (LA-01) affirmed the alignment of the proposed bills with the President’s pro-growth agenda. “These pieces of legislation further the President’s pro-growth and pro-business agenda, and provide a clear regulatory framework for digital assets,” he commented.
Majority Whip Tom Emmer (MN-06) described the push for these bills as a “historic opportunity” for the U.S. to cement its leadership in the digital asset space while safeguarding values like privacy and free-market competitiveness.
Chairman GT Thompson stressed the urgent demand for regulatory clarity, highlighting the collaborative success between the Agriculture and Financial Services Committees in developing the CLARITY Act. He expressed confidence that the House’s forthcoming vote will deliver much-needed certainty for innovators and consumers alike.
Senate and Bipartisan Support
Senate voices have also praised the House’s legislative momentum. Senator Tim Scott (R-SC) applauded the stablecoin legislation and emphasized the opportunity to secure American dominance in digital asset innovation under President Trump’s leadership. Senator John Boozman (R-AR) expressed optimism about working with House leaders to achieve clear market structures for digital assets.
Senator Bill Hagerty (R-TN) called 2025 a pivotal year for digital asset legislation, lauding the House’s pace in moving critical bills forward. Senator Cynthia Lummis (R-WY) cited Wyoming’s longstanding engagement with crypto-friendly policies as a model for federal efforts and vouched for comprehensive legislation that fosters innovation while protecting privacy and financial freedom.
Congressional Background and Legislative Process
The House’s designation of Crypto Week follows months of deliberation on digital asset regulation:
- On June 10, 2025, the CLARITY Act was reported out of both the Financial Services Committee (32-19 bipartisan vote) and the Agriculture Committee (47-6 bipartisan vote), signaling strong committee support.
- Joint roundtables, hearings, and public discussions throughout the spring addressed regulatory frameworks for payment stablecoins, digital asset market structure, and the implications of CBDCs.
- Earlier op-eds by Chairmen Hill and Thompson highlighted the necessity of clear legislation to provide certainty to the digital asset market.
Looking Ahead
As Crypto Week approaches, the House is poised to deliberate and vote on critical bills that could decisively shape the future of digital assets in the United States. With bipartisan support and strong leadership behind these measures, the nation aims to solidify its position as a global pioneer in blockchain and cryptocurrency technologies, safeguarding innovation while protecting consumers’ rights and financial privacy.
The collaborations between Congressional committees and legislative leaders from both chambers underscore a comprehensive approach to digital asset policy, with expectations high for constructive bipartisanship in upcoming debates.
For more information and updates on the Crypto Week agenda and digital asset legislation, visit the House Committee on Financial Services website or follow official Congressional channels.