U.S. House of Representatives Declares July 14–18, 2025, as “Crypto Week”
The U.S. House of Representatives has officially designated July 14–18, 2025, as “Crypto Week,” signaling a week-long session focused on major legislation surrounding the regulation of cryptocurrencies. Lawmakers are set to debate proposed bills that aim to clarify the role of government agencies in overseeing crypto, establish safeguards for stablecoins, and prohibit the issuance of a U.S. central bank digital currency (CBDC).
Clarifying Crypto Oversight with the CLARITY Act
The bipartisan CLARITY Act is at the forefront of the legislative agenda for Crypto Week. This proposed legislation seeks to define how digital assets should be regulated under U.S. law by distinguishing between crypto securities and commodities. The goal is to resolve regulatory confusion between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
By assigning specific oversight responsibilities to the SEC for securities-related tokens and the CFTC for crypto commodities, the CLARITY Act aims to reduce regulatory overlap and provide clarity for crypto firms. The bill also includes provisions for legal safe harbors to support blockchain innovation and protect early-stage projects from regulatory challenges.
Shaping Stablecoin Rules with the GENIUS Act
The GENIUS Act, which recently passed the Senate with bipartisan support, focuses on establishing rules for stablecoin issuers to register with a federal agency and maintain reserves in cash or near-cash assets like U.S. Treasuries. The legislation aims to prevent insolvencies and improve trust in stablecoin products by enforcing compliance with anti-money laundering and counter-terrorism financing regulations.
Supporters of the GENIUS Act believe that these regulations will enhance the stability and credibility of dollar-pegged stablecoins, ultimately increasing their adoption by consumers and institutions. The bill forms part of a broader strategy to manage systemic risk in the tokenized payments sector.
Blocking Digital Dollar Development with the Anti-CBDC Surveillance State Act
The Anti-CBDC Surveillance State Act proposes a permanent ban on any U.S. central bank digital currency to address concerns over government surveillance through digital currencies. By opposing the issuance of a state-backed digital dollar, the bill aims to protect financial freedom and encourage the private sector to offer digital payment alternatives.
If passed, the Anti-CBDC Surveillance State Act will ensure that the federal government does not pursue a CBDC project, allowing privately issued U.S. dollar stablecoins to innovate and thrive. The bill has garnered support from privacy-focused members of Congress who advocate for preserving financial privacy.
Implications of the Legislative Framework on U.S. Crypto Regulation
The CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act collectively form a comprehensive legal framework that addresses regulatory concerns in the crypto market. By defining asset classifications, establishing stablecoin regulations, and prohibiting a U.S. CBDC, these bills aim to provide clarity, stability, and innovation in the digital asset sector.
If these bills pass, they could have lasting effects on blockchain policy, investor protections, and financial innovation in the U.S. By formalizing responsibilities and closing legal gaps, the legislative framework may pave the way for clearer paths for product development, corporate registration, and financial audits.
Congressional Action and the Future of Crypto Regulation
The decision to designate July 14–18 as Crypto Week reflects Congress’s commitment to regulating the evolving digital economy. By addressing key issues such as classification, stablecoin regulation, and digital currency oversight, lawmakers are taking proactive steps to reduce confusion, protect consumers, and foster innovation in the crypto industry.
Whether these bills pass in their current form or undergo revisions, their introduction signifies a significant shift in how the government approaches crypto regulation. The outcomes of Crypto Week could set a precedent for future legal developments in tokenization, payments, and decentralized finance in the United States.