DC’s Crypto Policy Endgame: Coinbase Pushes Congress For Clear Rules

Key Points

1. The U.S. House of Representatives is expected to vote on three major digital asset bills during 'Crypto Week' from July 14 to 18, 2025, including H.R. 1919 (Anti-CBDC Surveillance State Act), the CLARITY Act, and the GENIUS Act.

2. Coinbase took out a full-page ad in The Washington Post, warning that without a defined regulatory framework, the U.S. risks falling behind global innovation hubs like the EU, Hong Kong, and the UAE.

3. The CLARITY Act aims to resolve jurisdictional disputes between the SEC and CFTC over digital assets, allowing blockchain projects to transition from SEC oversight to CFTC regulation as they decentralize.

4. The Anti-CBDC Surveillance State Act (H.R. 1919) seeks to prohibit the Federal Reserve from issuing a retail central bank digital currency (CBDC), citing privacy concerns.

5. The GENIUS Act, which passed the Senate, focuses on stablecoin regulation, promoting responsible fintech development and U.S. leadership in digital assets amid China's growing influence.