What to Expect from the US House’s ‘Crypto Week’
By Andrew Kessel | Published July 11, 2025
Next week, Washington, D.C., will be abuzz with activity surrounding cryptocurrencies as the US House of Representatives designates July 14-18 as “Crypto Week.” Lawmakers will focus on critical legislative measures aimed at shaping the future of digital assets, particularly stablecoins, which are expected to take center stage.
GENIUS Act Set for a Vote
One of the headline bills under consideration is the GENIUS Act, designed to empower private companies to issue stablecoins—digital currencies pegged one-to-one to a state-issued currency, typically the US dollar. The proposed legislation mandates companies to maintain full liquidity by backing each stablecoin with equivalent liquid cash reserves.
The bill, having already passed the Senate with a 68-30 vote last month, awaits approval in the House. If successful, it will proceed to the desk of President Donald Trump, who has publicly voiced support for the GENIUS Act on his social media platform, Truth Social. Trump stated the legislation would solidify America’s position as the “undisputed leader in digital assets.”
Notably, the President has vested interests in the crypto space through World Liberty Financial, a company that recently launched its own stablecoin called USD1. ### Corporate Interest in Stablecoins Grows
Corporate giants like Walmart and Amazon are reportedly contemplating launching their own stablecoins. These digital currencies could serve as new payment options for shoppers, potentially revolutionizing retail transactions. Experts suggest widespread adoption could help these retailers reduce the billions of dollars they currently pay in credit card transaction fees to payment processors like Visa and Mastercard.
Digital Asset Market Clarity Act Also on the Agenda
In addition to the GENIUS Act, the House is expected to deliberate on the Digital Asset Market Clarity Act. This bill aims to create a clear regulatory framework for cryptocurrencies, delineating the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The legislation has garnered support from leading crypto exchange Coinbase Global, which has invested heavily in advocacy efforts through a six-figure advertising campaign calling for its passage.
Discussion on the CBDC Anti-Surveillance State Act
Another measure anticipated to be discussed is the CBDC Anti-Surveillance State Act. This bill seeks to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC), citing concerns over privacy and surveillance.
Market Context: Bitcoin’s Recent Surge
The legislative focus on digital currencies comes amid a notable surge in cryptocurrency markets. Bitcoin, the leading digital currency, has climbed from below $80,000 in April to over $110,000 this week, reflecting growing investor enthusiasm amid regulatory developments.
Looking Ahead
As “Crypto Week” unfolds, stakeholders across the financial and technological spectrum will be watching closely. The outcomes of these legislative votes could have lasting impacts on the landscape of digital assets, payments, and regulatory oversight in the United States.
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Sources: U.S. House Committee on Financial Services, U.S. Congress, Truth Social, Coinbase Global.