The U.S. House names July 14 as “Crypto Week” to advance the CLARITY Act, Anti‑CBDC Surveillance State Act, and Senate’s GENIUS Act—paving the way for clearer digital asset rules, stablecoin oversight, and a ban on a central bank digital currency.
What’s Happening During “Crypto Week”
The U.S. House of Representatives has officially designated July 14–18 as “Crypto Week.” During this time, lawmakers aim to consider three major bills:
- CLARITY Act – to define the roles of the SEC vs. CFTC in crypto
- Anti‑CBDC Surveillance State Act – to stop a Federal Reserve digital dollar
- GENIUS Act – Senate-approved framework for dollar‑pegged stablecoins
According to a House press release, the goal is to “make America the crypto capital of the world,” protect financial privacy, and build a clear regulatory structure for digital assets.
Key Bills at a Glance
| Bill | Purpose | Status |
|---|---|---|
| CLARITY Act | Assigns crypto oversight to the CFTC vs. the SEC; mandates asset segregation on exchanges | Passed committee votes 32–19 (FinServ) and 47–6 (Agri) |
| Anti‑CBDC Surveillance State Act | Prohibits the Fed from issuing a CBDC to protect consumer privacy | Passed FinServ committee 27–22; now before the full House |
| GENIUS Act | Regulates dollar-backed stablecoins, requires reserves in Treasuries, adds consumer protections | Passed Senate 68–30 on June 17; House vote next |
Why It Matters
- Stablecoin oversight: The GENIUS Act sets new rules for issuers of tokens like USDT and USDC. It mandates full reserve backing and audits—important steps toward safer crypto use.
- Regulatory clarity: The CLARITY Act hopes to end the long-standing SEC vs. CFTC turf wars. Clear rules could attract more investment and innovation.
- Privacy saved: If passed, the Anti‑CBDC Act would remove the possibility of a government-run digital dollar that could track every transaction.
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Supporters Speak Up
- Chairman French Hill praised the move: “historic steps… clear framework… blocks creation of a CBDC to safeguard financial privacy”.
- Speaker Mike Johnson added it’s in line with “President Trump’s digital assets and cryptocurrency agenda”.
- Senator Cynthia Lummis celebrated the partnership to preserve privacy and place the U.S. at the forefront of fintech.
- Majority Whip Tom Emmer said: “a new day for American excellence has finally arrived”.
What Comes Next?
- The House floor vote is scheduled for July 14–18.
- If approved, the GENIUS Act joins the already Senate-passed version and heads back to the Senate for a possible fast track.
- The CLARITY Act and Anti‑CBDC Act would then move to reconciliation or final votes.
Why Crypto Week Could Be a Turning Point
- Clears regulatory uncertainty—a major barrier for institutional and retail crypto investors.
- Sets up concrete rules for stablecoin issuers, a fast-growing area in crypto.
- Protects privacy and innovation, while keeping the U.S. competitive in digital finance.
With House approval, the bills could reach President Trump by late July, marking a major shift for U.S. digital asset policy.
Let me know if you’d like follow-up coverage after the votes—or a deeper dive into any of the three bills!
