U.S. House Declares Week of July 14th as “Crypto Week” to Advance Digital Asset Legislation
Washington, July 3, 2025 — The U.S. House of Representatives has officially designated the week of July 14th as “Crypto Week,” focusing on advancing significant legislation aimed at establishing America’s leadership in the digital asset and cryptocurrency sector. The announcement was spearheaded by Chairman French Hill (AR-02) of the House Committee on Financial Services in collaboration with Chairman GT Thompson (PA-15) of the House Committee on Agriculture and House leadership.
During this dedicated week, the House plans to consider three pivotal bills: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act. These legislative efforts are part of a comprehensive strategy to create an innovative and clearly regulated digital asset environment in the United States, positioning the country as a global hub for crypto innovation.
Key Legislative Focus
Chairman Hill emphasized the importance of establishing a clear regulatory framework that protects consumers and investors while providing clear rules for the issuance and operation of dollar-backed stablecoins. Notably, the legislation also aims to permanently prohibit the creation of a Central Bank Digital Currency (CBDC), underscoring a strong commitment to preserving Americans’ financial privacy.
“We are taking historic steps to ensure the United States remains the world’s leader in innovation,” Hill said. “After years of dedicated work in Congress, we are advancing landmark legislation that safeguards individual financial rights and supports market structure for digital assets.”
Congressional Leadership Voices Support
House Speaker Mike Johnson (LA-04) highlighted the strong alignment with President Trump’s digital asset agenda. “House Republicans are taking decisive steps to deliver the full scope of President Trump’s cryptocurrency platform,” Johnson said. He praised the cooperation between the Financial Services and Agriculture Committees and expressed optimism about getting these critical bills signed into law.
Majority Leader Steve Scalise (LA-01) reiterated the pro-growth, pro-business nature of the bills, thanking the committees’ leadership for their work. Majority Whip Tom Emmer (MN-06) described this moment as historic for American innovation, emphasizing the legislation’s role in protecting financial privacy and promoting America as the world’s crypto capital.
Chairman GT Thompson of the House Agriculture Committee also expressed support for the CLARITY Act as a long-overdue regulatory framework. “Time and again, we have heard calls for clarity and certainty in this ecosystem,” Thompson said, underscoring the bipartisan committee collaboration behind the legislation.
Senate Support and Bipartisan Collaboration
Senate Republicans, including Senators Tim Scott (R-SC), John Boozman (R-AR), Bill Hagerty (R-TN), and Cynthia Lummis (R-WY), have voiced strong support for the House’s digital asset initiatives. Senator Scott called the legislation a historic milestone that will cement U.S. dominance in digital asset innovation while safeguarding consumers.
Senator Lummis expressed enthusiasm about the federal government’s embrace of digital assets, reflecting on Wyoming’s pioneering stance in this space. She emphasized that the legislation supports innovation while protecting Americans’ financial freedom and privacy, vital in maintaining America’s competitive edge.
Legislative Developments and Background
The announcement of “Crypto Week” comes after months of bipartisan work and public engagement. Key milestones include:
- On June 10, 2025, the Financial Services Committee passed the CLARITY Act by a 32-19 vote, with strong bipartisan support of 47-6 in the Agriculture Committee.
- Multiple hearings and roundtable discussions were held earlier, such as the joint session on May 6, 2025, focusing on digital asset market structure.
- The STABLE Act and the Anti-CBDC Surveillance State Act were reported favorably by the Financial Services Committee in early April.
- Op-eds authored by Chairmen Hill and Thompson have repeatedly outlined the need for regulatory clarity and innovation leadership.
Looking Ahead
Representative Bryan Steil (WI-01) described the month’s legislative package as critical to winning the “Web3 race.” Rep. Dusty Johnson (SD-AL) called digital asset regulation a necessity to foster innovation across industries.
As “Crypto Week” unfolds, Congress aims to solidify a regulatory environment fostering innovation, safeguarding consumer rights, and securing American leadership in the rapidly evolving digital economy. The move signals a bipartisan and bicameral commitment to embracing the future of blockchain technology while protecting core national values such as privacy and sovereignty.
For more information on the House Committees’ work on digital asset legislation and to follow upcoming hearings and markups during Crypto Week, visit the House Committee on Financial Services website.