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The U.S. House of Representatives has officially declared the week of July 14–18 as “Crypto Week,” launching a coordinated legislative effort to define the country’s approach to digital assets. With three major bills on the table—the GENIUS Act, the Digital Asset Market Structure Clarity Act, and the CBDC Anti-Surveillance State Act—Congress is attempting to establish federal rules for cryptocurrencies, stablecoins, and blockchain-based finance.
It’s a rare moment of clarity in Washington, and the implications stretch far beyond Capitol Hill. For traders, institutions, and retail investors, this week could be a turning point in how digital assets are treated, taxed, and used in the U.S. economy.
Push For Clarity Across Every Crypto Platform
For years, American crypto firms have operated without consistent regulation. Whether it’s questions about whether a token is a commodity or a security, or about which agency holds jurisdiction, the industry has largely been left to interpret rules as it goes. That’s changing.
The Digital Asset Market Structure Clarity Act—referred to as the Clarity Act—is designed to end this ambiguity. If passed, it would establish clear guidelines, assigning oversight of digital commodities like Bitcoin to the Commodity Futures Trading Commission (CFTC) and giving the Securities and Exchange Commission (SEC) authority over digital securities.
That distinction could simplify compliance for every central crypto trading platform, many of which have spent years caught between agency lawsuits and contradictory guidance. Coinbase, Kraken, and other U.S.-based exchanges have lobbied constantly for such legislation, calling it foundational to ensuring innovation doesn’t flee to more crypto-friendly jurisdictions.
Lobbying spending has surged as a result. Crypto-linked political action committees and advocacy groups have poured millions into campaigns since early 2024, hoping to influence how lawmakers write the rules of the road.
GENIUS Act Heads For A Likely House Vote
The most significant bill of the week, the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), is also the furthest along. The Senate passed the bill on June 17 in a 68–30 vote, and it’s now heading for a potential floor vote in the House.
The GENIUS Act would create a legal framework for private companies to issue stablecoins, provided those coins are backed 1:1 by cash or cash equivalents. It includes mandates for public audits, reserve transparency, and licensing. The act explicitly bars the use of algorithmic or uncollateralized stablecoins as payment instruments, targeting the kind of models that led to TerraUSD’s collapse in 2022.
Approval would also represent a green light to companies like Walmart and Amazon, which are reportedly exploring the creation of their own stablecoins. These tokens could allow major retailers to sidestep card networks like Visa and Mastercard, saving billions annually in transaction fees.
President Donald Trump has voiced strong support for the bill and is expected to sign it if it clears the House. In a recent post on Truth Social, he wrote that the legislation would “make America the UNDISPUTED leader in digital assets.” Trump’s enthusiasm may not be purely political—he holds a stake in World Liberty Financial, which launched its own stablecoin, USD1, earlier this year.
CBDC Debate Resurfaces
While two of the bills are designed to encourage crypto innovation, the third one aims to block a potential development altogether. The CBDC Anti-Surveillance State Act would prohibit the Federal Reserve from issuing a central bank digital currency.
Supporters of the bill argue that a government-backed digital dollar would pose serious risks to financial privacy. They say a programmable currency could allow for unprecedented surveillance over citizens’ spending habits.
The bill failed to gain traction in 2024 but is seeing renewed interest in a GOP-led House. Privacy-first lawmakers have tied it to broader concerns about overreach by the Federal Reserve and other government institutions.
Opponents, including many Democrats, claim that banning CBDC development outright would limit the country’s ability to compete with China, which has already piloted its own digital yuan.
A Tightly Packed Week Of Action
According to the latest congressional schedule:
Monday, July 14: Rules Committee begins formal discussion of all three bills.
Tuesday, July 15: The GENIUS and Clarity Acts could be up for a full House vote.
Wednesday, July 16: The House Ways and Means Committee will hold a hearing on digital asset taxation.
Friday, July 18: If passed, GENIUS may be signed into law by President Trump before the end of the week.
Lawmakers are moving quickly. According to House Financial Services Chairman French Hill, “The goal is to bring long-overdue clarity and structure to a rapidly evolving space.” Hill has referred to Crypto Week as a "watershed moment" for American financial leadership.
Markets Respond To The Momentum
Cryptocurrency prices have been climbing in anticipation of the votes. Bitcoin surged past $121,000 on Monday, marking a new all-time high. Ethereum traded above $3,050, and smaller altcoins like Solana and Avalanche also posted gains of 2–5%.
Trading volume on U.S. platforms rose significantly over the weekend. Analysts at Bitwise noted that institutional buyers are once again active, driven by the belief that a more stable regulatory environment will lower risk premiums for digital asset investments.
Meanwhile, publicly listed crypto firms saw share price bumps. Strategy, the Bitcoin-heavy firm led by Michael Saylor, climbed 4% on the day. Hut 8, Coinbase, and Riot Platforms all opened higher on Monday as well.
The positive sentiment has been supported by figures like IG analyst Tony Sycamore, who said that passage of both the GENIUS and Clarity Acts could result in “one of the most structurally bullish moments in crypto’s legal history.”
Corporate Adoption Continues To Build
Data from Blockware Intelligence shows that 141 public companies currently hold Bitcoin in their treasuries. That number could rise by 25% by the end of the year, with at least 36 additional firms expected to add BTC to their balance sheets.
In Q2 alone, companies accumulated 159,107 BTC—a record high for corporate holdings.
Strategy remains the largest holder, with over 597,000 BTC valued at nearly $71 billion. The firm recently ended a 12-week pause in accumulation following a $4.2 billion capital raise. Analysts say the company’s pace of acquisition now exceeds the monthly supply of newly mined Bitcoin, raising concerns about market distortions.
Still, smaller firms are following suit. Meal-kit company DDC Enterprise announced a partnership with Animoca Brands to manage and generate yield from up to $100 million in BTC reserves. The firm began its treasury journey with a 21 BTC purchase in May and aims to acquire 5,000 BTC over three years.
Animoca co-founder Yat Siu called the partnership “a model for how mainstream businesses can move into crypto without building everything from scratch.”
What Happens If These Bills Pass?
If the GENIUS and Clarity Acts become law, crypto companies will finally have a federal playbook for compliance. Stablecoins could see rapid integration into payment systems, while token projects will have clearer guidance on registration and disclosures.
The passage of the CBDC ban, on the other hand, may limit the U.S. government’s ability to directly compete with state-backed digital currencies issued by other nations.
A successful Crypto Week would mark a political shift—from viewing crypto as a fringe issue to treating it as core financial infrastructure. It may also signal to global investors that the U.S. is ready to lead in responsible crypto adoption.
Conclusion
Crypto Week is more than a headline—it’s a high-stakes, fast-moving effort to define how America deals with digital assets. With key legislation on stablecoins, digital asset classifications, and central bank currencies all on the table, the votes this week will shape the future of crypto in the U.S. for years to come.
