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U.S. House declares July 14 ‘Crypto Week’ in advance landmark digital asset legislation

2025-07-04 07:50:18

U.S. House declares July 14 ‘Crypto Week’ in advance landmark digital asset legislation

Main Idea

The U.S. House has designated the week of July 14 as 'Crypto Week' to vote on three major digital asset bills: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act, aiming to establish a clear regulatory framework for digital assets.

Key Points

1. The CLARITY Act proposes a comprehensive framework to define the SEC's jurisdiction over digital assets, ending years of regulatory uncertainty.

2. The GENIUS Act focuses on establishing a regulatory framework for dollar-backed stablecoins, balancing consumer protection and innovation.

3. The Anti-CBDC Surveillance State Act seeks to prevent the Federal Reserve from issuing a U.S. CBDC, citing concerns over financial privacy and government surveillance.

4. The CLARITY Act passed the Financial Services Committee (32-19) and the Agriculture Committee (47-6), while the Anti-CBDC Surveillance State Act passed by a narrower margin (27-22).

5. If enacted, the Anti-CBDC Surveillance State Act would make the U.S. the first major economy to legislate a prohibition on a CBDC.

Description

The U.S. House has announced July 14 will mark the beginning of a “Crypto Week” to advance key legislation on digital assets. The U.S. House of Representatives has officially designated the week of July 14 as “Crypto Week,” during which lawmakers will vote on three major pieces of digital asset legislation: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act. Led by Financial Services Committee Chairman French Hill and Agriculture Committee Chairman GT Thompson, th...

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News legislation Regulation Stablecoin United States
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