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U.S. "Crypto Week": Legislative Momentum Reaches Critical Juncture
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2025-07-14 | 15m
What Is Crypto Week?
Crypto week refers to a special legislative window, starting on July 14, in which the U.S. House Financial Services Committee will debate and potentially advance key cryptocurrency laws. This event is in response to the industry's longstanding call for regulatory clarity, as well as growing bipartisan interest in digital asset innovation within the United States.
Highlighted by a surge in lobbying from major industry players like Coinbase, “crypto week” aims to address the most critical challenges facing digital assets: crypto market structure, stablecoin safety, and the controversial prospects of a U.S. CBDC. Both Republican and Democratic lawmakers have submitted amendments, demonstrating the importance and complexity surrounding “crypto week.”
The Historic Announcement
The United States' unprecedented designation of July 14–18, 2025, as "Crypto Week" marks a tectonic shift in the financial landscape, converging legislative ambition, market euphoria, and geopolitical rivalry into a single defining moment.. This concentrated legislative effort centers on three landmark bills: the Digital Asset Market Clarity Act of 2025 (Clarity Act), the Guiding and Establishing National Innovation for U.S. Stablecoins Act of 2025 (GENIUS Act), and the Anti-CBDC Surveillance Act. With votes scheduled as early as Tuesday following a critical Rules Committee hearing Monday afternoon, the industry stands at the threshold of long-sought regulatory certainty.
This legislative surge represents a potential watershed for crypto markets. President Trump is positioned to sign the GENIUS Act – establishing the first federal framework for stablecoin oversight – before August's congressional recess. This follows months of White House engagement and would mark the first major crypto-specific legislation enacted. Meanwhile, the Clarity Act aims to resolve jurisdictional conflicts between the SEC and CFTC by defining asset classification protocols, while the Anti-CBDC Act would prohibit the Federal Reserve from issuing a central bank digital currency without explicit congressional authorization.
What Does It Mean and Why It Matters?
The crypto industry has long sought "regulatory clarity" on its own terms, previous rule proposals it disagreed with were fervently opposed and the industry's political action committees poured tens of millions of dollars into the 2024 elections to try and create a Congress that would be friendlier to crypto policies.
Spearheaded by House Financial Services Chairman French Hill (R-AR) and Agriculture Chairman GT Thompson (R-PA) with explicit backing from Speaker Mike Johnson and the Trump administration, this concentrated legislative sprint aims to resolve the regulatory ambiguities that have haunted digital assets for over a decade. The timing is no accident: Bitcoin’s meteoric ascent to $118,872.15 in early July—fueled by $1.18 billion in spot ETF inflows and corporate treasuries stockpiling 65,000 BTC ($7 billion)—created irresistible momentum. Simultaneously, the European Union’s Markets in Crypto-Assets (MiCA) framework and Hong Kong’s aggressive stablecoin licensing regime threatened to marginalize U.S. influence. Add President Trump’s personal stake in crypto (his 2024 ventures generated $57 million) and the stage was set for a regulatory "big bang" that could catalyze a $3.7 trillion stablecoin market by 2030 while redefining America’s role in the digital economy.
At the heart of Crypto Week lie three landmark bills poised to dismantle regulatory chaos. The CLARITY Act directly addresses the SEC-CFTC jurisdictional war by introducing a revolutionary asset classification triad: tokens are categorized as securities (SEC oversight), commodities (CFTC jurisdiction), or stablecoins (covered separately under the GENIUS Act). Crucially, it grants the CFTC "exclusive regulatory authority" over crypto exchanges, mandating stringent anti-fraud protocols while exempting projects on "mature blockchains" (defined as decentralized networks where no entity controls >20% of tokens) from SEC registration. This clarity alone could unlock $120 billion in sidelined institutional capital, according to Standard Chartered analysts, while reducing Coinbase-style enforcement actions by 70%. Parallel to this, the GENIUS Act—already passed by the Senate—targets the $200+ billion stablecoin market with federal legitimacy. Its pillars include ironclad 1:1 reserves (cash/U.S. Treasuries only), monthly attestations, and issuer licensing restricted to federally chartered banks or OCC-regulated nonbanks capped at $10 billion. The bill effectively anoints giants like Circle (USDC) and PayPal as systemic players while forcing algorithmic stablecoins into extinction. Completing the trifecta, the Anti-CBDC Surveillance State Act delivers a ideological bombshell: it outright bans the Federal Reserve from issuing a central bank digital currency without Congressional approval, explicitly prohibiting transaction monitoring capabilities in a direct rebuke to China’s digital yuan. Privacy advocates hail it as a victory for financial autonomy, while Senator Elizabeth Warren warns it "rolls out a red carpet for illicit finance."
Next week, those efforts may pay off, as the House of Representatives gets set to vote on a stablecoin bill that may become law within weeks and a market structure bill that could get to the White House before Christmas.
Key Implications for the Regulatory Landscape
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Stablecoin Certainty: The GENIUS Act's 1:1 reserve requirements and issuer licensing rules could take effect within weeks, resolving years of state/federal regulatory ambiguity.
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Market Structure Breakthrough: The Clarity Act's classification framework (distinguishing securities, commodities, and stablecoins) would establish clear agency jurisdictions, though Senate Banking Committee deliberations may extend into fall.
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CBDC Limitations: The Anti-CBDC Act's privacy safeguards would constitutionally constrain Fed digital currency development absent congressional mandate.
This momentum stems from sustained industry advocacy, including tens of millions in PAC fundingduring the 2024 elections to cultivate crypto-friendly lawmakers. While passage isn't guaranteed, the Senate Banking Chair, Tim Scott, targets September for final market structure legislation – the alignment of House leadership, committee consensus, and White House support suggests an unprecedented regulatory inflection point approach. Should all three bills clear the House, the crypto industry could secure its most significant U.S. policy victory within days.
Market Reactions
Market reactions have been volcanic. Bitcoin’s 35% monthly surge to record highs triggered $550 million in short liquidations, with analysts projecting $135,000 if all three bills pass. Ethereum smashed through $3,000 as staking yields climbed, while Circle’s USDC stablecoin ballooned to $61.5 billion in market cap—a direct bet on GENIUS Act passage. Beyond blue-chip assets, sector-specific opportunities exploded: mining firms like Riot Platforms (RIOT) leveraged low Texas energy costs to capitalize on soaring transaction fees; Coinbase’s stock surged 22% on NYSE relisting rumors; and DeFi protocols like Uniswap and Aave saw quarterly fees leap 58% to $577 million as institutions pre-positioned for regulatory legitimacy. Globally, the tremors spread fast: Kazakhstan launched a state crypto reserve using seized criminal assets, Hong Kong accelerated its stablecoin licensing regime, and European regulators warned of market fragmentation if U.S. rules diverge significantly from MiCA standards.
Yet risks loom like sword of Damocles. Legislative hurdles could still derail the entire package: Senate Democrats seek stricter GENIUS reserve requirements, Elizabeth Warren’s coalition frames the Anti-CBDC bill as a national security threat, and proposed crypto tax exemptions face budget hawks’ resistance. Market vulnerabilities are equally acute. A single bill’s failure could trigger a cascade of liquidations, potentially crashing Bitcoin to $114,800 support. Speculative excesses abound, particularly in meme coins tied to political figures—Donald Trump’s "$TRUMP" token trades at 250x revenue multiples, inviting 50%+ drawdowns. Most critically, the GENIUS Act’s reserve rules could expose undercollateralized stablecoins like TUSD, risking Terra-Luna style contagion.
What's Happening During Crypto Week
The House Ways and Means Committee is also holding a hearing on crypto taxation next Wednesday, though it hasn't shared many details yet.
To recap the schedule for next week, or if you want to just see it at a glance:
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Monday, July 14, 4:00 p.m. ET: The House Rules Committee will meet and discuss the Clarity Act, GENIUS Act and Anti-CBDC Surveillance Act.
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Tuesday, July 15, 3:00 p.m. ET: The Senate Agriculture Committee will hold a hearing on market structure legislation.
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Tuesday, July 15, time TBA: The House may meet and begin voting on all three bills discussed above.
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Wednesday, July 16, 9:00 a.m. ET: The House Ways and Means Committee will hold a hearing on crypto taxation.
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Thursday, July 17: Nothing is scheduled (at least right now).
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Friday, July 18: If the House votes to advance GENIUS on Tuesday, there may be a bill signing.
Conclusion
These bills represent the most significant U.S. crypto legislation attempt to date. While American laws, their impact will shape global crypto markets and potentially influence other countries' regulatory approaches.
For crypto users globally, this signals a shift toward mainstream acceptance with comprehensive but innovation-friendly regulation. The industry has requested clear rules for years. This week they might get them.
The question isn't if crypto will be regulated, but how. If passed, the answer is: comprehensively, with protections for innovation, consumers, and privacy.
Reference:
House Committee on Financial Services. (2025, July 13).
Chairman Hill joins Face The Nation to
discuss
historic "Crypto Week" [Press release].
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=410793
CoinDesk. (2025, July 11).
State of crypto: Previewing Congress' 'Crypto Week'.
https://www.coindesk.com/policy/2025/07/11/state-of-crypto-previewing-congress-crypto-week
McFarlane, J. (2025, July 11).
What to expect from the US House's Crypto Week: Stablecoins, Bitcoin regulation, and market impact. Investopedia.
https://www.investopedia.com/what-to-expect-from-the-us-house-s-crypto-week-stablecoins-bitcoin-11769608
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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