U.S. House of Representatives 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 announced today that the week of July 14, 2025, will be designated as “Crypto Week,” a pivotal moment aimed at advancing significant digital asset legislation to position the United States as the global leader in cryptocurrency innovation.
House Committee on Financial Services Chairman French Hill (AR-02), House Committee on Agriculture Chairman GT Thompson (PA-15), and key House leadership unveiled plans for this dedicated legislative focus. During Crypto Week, the House will consider critical bills including the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate-passed GENIUS Act. These efforts are part of a broader Congressional initiative to establish a clear and robust regulatory framework for digital assets.
Key Legislative Initiatives
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CLARITY Act: This bipartisan legislation aims to provide clear regulatory guidelines for the digital asset industry, addressing market structure and operational frameworks.
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Anti-CBDC Surveillance State Act: This bill seeks to permanently ban the creation of a Central Bank Digital Currency (CBDC) to protect Americans’ financial privacy from potential government surveillance.
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GENIUS Act: Passed by the Senate, the GENIUS Act focuses on the regulation of dollar-backed stablecoins and aims to safeguard consumers and investors while encouraging innovation.
Leadership Statements Highlight Historic Progress
Chairman French Hill emphasized the importance of “Crypto Week” stating,
“We are taking historic steps to ensure the United States remains the world’s leader in innovation. After years of dedicated work in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework that safeguards consumers and investors, provides rules for dollar-backed stablecoins, and permanently blocks a CBDC to protect Americans’ financial privacy.” He also acknowledged collaboration with the Trump Administration and expressed readiness to work with the Senate on advancing comprehensive market structure legislation by the end of September.
Speaker Mike Johnson (LA-04) highlighted the House Republicans’ commitment to President Trump’s digital assets agenda:
“During ‘Crypto Week,’ the House looks forward to timely consideration of three landmark pieces of legislation that will help make the United States the crypto capital of the world. I commend the strong partnership between the Financial Services and Agriculture Committees and look forward to President Trump signing these bills into law.”
Majority Leader Steve Scalise (LA-01) noted the bills’ alignment with a pro-growth agenda, stating,
“These pieces of legislation further the President’s pro-growth and pro-business agenda and provide clear regulatory frameworks for digital assets. Thanks to Chairmen Hill and Thompson for their leadership—getting these bills to the President’s desk is a top priority.”
Majority Whip Tom Emmer (MN-06) described the moment as a historic opportunity, adding,
“By sending these bills to President Trump’s desk, we will protect Americans’ financial privacy and fulfill our promise to make the United States the crypto capital of the world.”
Bipartisan and Bicameral Support
Chairman GT Thompson remarked on the bipartisan nature of the efforts:
“Regulatory clarity and certainty are long overdue in the digital asset ecosystem. The Agriculture and Financial Services Committees have worked together to deliver CLARITY, and the House is ready to act on behalf of the American people.”
Senator Tim Scott (R-SC) praised the House’s initiative, expressing optimism about Senate collaboration:
“Under President Trump’s leadership, we have a real opportunity to cement American dominance in digital assets while protecting consumers and preserving financial freedom.”
Senator John Boozman (R-AR) also voiced support, affirming ongoing efforts to finalize market structure legislation.
Senators Bill Hagerty (R-TN) and Cynthia Lummis (R-WY), known advocates for cryptocurrency innovation, highlighted the historic federal embrace of digital assets and the significance of this legislative push.
Industry and Innovation at the Forefront
Representative Bryan Steil (WI-01), sponsor of parts of the digital asset market structure bills, emphasized the legislative package’s role in securing American leadership in Web3 and blockchain technology innovation. Representative Dusty Johnson (SD-AL) reiterated the urgency for commonsense regulations to foster innovation while protecting consumers.
Background on Legislative Efforts
The announcement builds on months of work by House committees, including bipartisan hearings, roundtables, and legislative drafting:
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June 10, 2025: The CLARITY Act was reported out of the House Financial Services Committee by a 32-19 vote and the House Agriculture Committee by 47-6, reflecting broad support.
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Earlier in 2025, multiple op-eds, hearings, and discussion drafts laid the groundwork for these legislative packages, signaling sustained Congressional focus on digital asset regulation.
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The focus has been on balancing innovation, consumer protections, privacy, and maintaining the United States’ competitive edge in the global financial technology space.
Looking Ahead
As Crypto Week approaches, lawmakers express optimism that the United States will set a gold standard for digital asset governance, ensuring privacy protections while encouraging technological advancement. The coordinated legislative push reflects a growing consensus that clear regulatory frameworks are essential to unlock the full potential of cryptocurrencies and blockchain technologies in the American economy.
For continued updates on Crypto Week and digital asset legislation, visit the U.S. House Committee on Financial Services website.
This article is based on the official release by the U.S. House Committee on Financial Services dated July 3, 2025.