US Lawmakers Set to Launch Crypto Week to Tackle Key Legislation on Digital Assets

The U.S. House of Representatives has formally announced a «Crypto Week» from July 14 to 18, during which it plans to deliberate on three significant pieces of legislation concerning digital assets.

This initiative was proposed by Speaker Mike Johnson, Chairman of the Financial Services Committee French Hill, and Chairman of the Agriculture Committee Glenn Thompson.

This move aims to advance President Donald Trump’s agenda regarding cryptocurrencies.

The bills up for discussion include measures concerning stablecoins, the framework of the digital asset market, and Central Bank Digital Currency (CBDC).

It appears that the House favors the Senate’s GENIUS Act over its own similar proposal, known as the STABLE Act. Trump has expressed a desire for the former to be passed swiftly, before Congress breaks for a month in August.

With the Senate having approved this legislation with bipartisan support, if it passes the House without amendments, it will head directly to the president for his signature.

A key distinction between the two bills lies in oversight: the STABLE Act imposes strict federal regulation on stablecoin issuers, while the GENIUS Act allows for state-level oversight.

Next on the agenda is the CLARITY Act, which clarifies the jurisdiction of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding cryptocurrencies. It will require most crypto exchanges to register with the CFTC and establish rules for disclosure, record-keeping, and the separation of corporate and customer funds.

This legislation has already passed through the relevant committees and is awaiting a vote by the full House of Representatives, after which it will require Senate approval.

The third proposal, the Anti-CBDC Surveillance State Act, seeks to prohibit the Federal Reserve from directly issuing central bank digital currency to individuals. The bill’s author, Tom Emmer, argues that it will safeguard Americans’ rights to financial privacy. A similar bill has been introduced in the Senate to expedite the process.

These proposals have faced criticism from the Democratic Party, partly due to the Trump family’s growing involvement in the crypto sector. According to Bloomberg, the president’s family could have earned around $620 million from associated projects, including the DeFi platform World Liberty Financial and the meme coins TRUMP and MELANIA.

*“By sending these three bills to President Trump, we will protect the financial privacy of Americans and position the United States as the global capital of cryptocurrency,”* Emmer concluded.

It’s worth noting that in June, Federal Reserve Chair Jerome Powell supported the regulation of stablecoins in the U.S.