House Schedules "Crypto Week" for July 14, Advancing Three Key Digital Asset Bills

The U.S. House of Representatives has designated the week of July 14th as "Crypto Week," during which it plans to vote on three significant pieces of digital asset legislation: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. This announcement, widely shared including by journalist Eleanor Terrett, signals a concerted effort to establish a clearer regulatory framework for the burgeoning cryptocurrency industry in the United States. House leaders aim to solidify the nation's position as a global leader in digital innovation.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which already passed the Senate with bipartisan support, focuses on creating a federal framework for dollar-backed stablecoins. This legislation seeks to mandate stablecoin issuers to register with federal regulators and maintain 1:1 reserves in liquid assets, aiming to enhance stability and consumer protection. Its passage in the House would send it directly to the President for signature, though potential amendments could require further Senate review.

The CLARITY Act is designed to provide a comprehensive regulatory framework for digital assets, delineating the jurisdictional boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This bill, which has advanced through both the Financial Services and Agriculture Committees, aims to reduce regulatory ambiguity that has often hindered innovation and led to enforcement actions. It would clarify whether specific digital assets are classified as securities or commodities.

Additionally, the House will consider the Anti-CBDC Surveillance State Act, a bill that aims to permanently prohibit the Federal Reserve from issuing a U.S. central bank digital currency (CBDC). Proponents of this bill argue that a CBDC could infringe upon Americans' financial privacy and enable government surveillance of personal transactions. This legislation reflects a strong stance against government-controlled digital currencies, emphasizing individual financial freedom.

House Speaker Mike Johnson, alongside Financial Services Committee Chairman French Hill and Agriculture Committee Chairman GT Thompson, emphasized that these legislative efforts align with President Trump's agenda to make the U.S. the "crypto capital of the world." The "Crypto Week" initiative builds on months of hearings and discussions, reflecting a bipartisan push to provide regulatory certainty and foster innovation in the digital asset space. The outcome of these votes could significantly shape the future of cryptocurrency regulation and adoption in the United States.