U.S. Lawmakers Launch ‘Crypto Week’ With Three Game-Changing Bills Up for Debate

Washington’s playing catch-up—and the crypto industry’s watching closely.

Three bills hit the table this week, each with the potential to reshape how America regulates digital assets. No more vague promises or toothless committees—this is make-or-break legislation.

Key moves:

- Clarity or chaos? The first bill tackles definitions (finally), drawing lines between securities and commodities. Expect SEC vs. CFTC turf wars.

- Stablecoin showdown: Bill two aims to leash the wild west of dollar-pegged tokens. Banks and crypto natives are already lobbying hard.

- Tax traps: The third proposal could simplify crypto taxes—or create new reporting nightmares. Accountants everywhere just got nervous.

Wall Street’s response? A collective eye-roll—they’ll wait to see if lawmakers actually understand blockchain before adjusting their Excel models.

Congress Puts Digital Assets in Focus

Three major bills are on the schedule. The first is the CLARITY Act, which aims to settle the long-standing question of whether crypto tokens are securities or commodities. It proposes a clear distinction to avoid confusion over which agency oversees what, and it WOULD give developers more room to operate without running into unexpected legal challenges.

FED JUST DROPPED THE SIGNAL

On July 14, 2025, at the start of Crypto Week, the Federal Reserve, FDIC, and OCC released a joint statement giving the green light for banks to custody crypto.

Let that sink in.

This isn’t just another press release. This is a major step… https://t.co/Bj6x3jEwJq pic.twitter.com/5dyq8Q0t2V

— Echo 𝕏 (@echodatruth) July 14, 2025

Then there is the Anti-CBDC Surveillance State Act. This bill takes aim at any future U.S. central bank digital currency, limiting the government’s ability to use it as a tool for tracking personal transactions. Supporters say it is about safeguarding privacy, especially in a world where digital money is becoming more common.

The third is the GENIUS Act, which has already passed the Senate. It lays out a federal framework for stablecoins, clarifying how they are issued, regulated, and backed. It is designed to give both issuers and users some basic rules of the road.

Political Backing Builds

House Financial Services Chairman French Hill called the week an important step in getting overdue crypto regulation in place. He pointed out that the bills are the product of years of work and are meant to bring clarity without stifling innovation.

Speaker Mike Johnson tied the effort to broader goals of economic leadership and financial independence. He also praised the coordination between committees, especially Financial Services and Agriculture, which both handle different parts of crypto regulation.

Majority Leader Steve Scalise said the proposals strike a balance between market growth and privacy, signaling that House leadership is firmly behind the agenda.

Several senators are also voicing their support. Lawmakers like Cynthia Lummis and Tim Scott have long pushed for digital asset rules, and they say this week’s momentum shows real progress on something that has dragged on for too long.

Months in the Making

This week’s votes follow a long run of committee hearings, closed-door meetings, and industry feedback sessions. The bills may sound technical, but they are being closely watched by companies in the space, who are eager for more certainty after years of mixed signals from regulators.

Last month, Chairman Hill appeared on CBS’s Face the Nation to outline how the legislation would tackle issues like custody, foreign interference, and investor protections. The timing is not accidental. Lawmakers want to get these bills through before Congress shifts focus to the election cycle.

Looking Ahead

If the bills pass, they will MOVE to the Senate for further debate. Lawmakers are aiming to finalize legislation before the end of the quarter. Behind the scenes, they are already working to line up House and Senate versions of the GENIUS Act, hoping for a smoother path to final approval.

Crypto Week is off to a fast start, and what happens over the next few days could have a lasting impact on how the United States approaches digital finance.

Key Takeaways

• U.S. lawmakers have kicked off “Crypto Week” with votes planned on three major bills that could shape future crypto regulation.
• The CLARITY Act aims to define whether tokens are securities or commodities, giving clearer rules to developers and investors.
• The Anti-CBDC Surveillance State Act would limit any future U.S. central bank digital currency, with a focus on protecting privacy.
• The GENIUS Act sets a national framework for stablecoins and has already passed the Senate, making it the most advanced proposal.
• Lawmakers from both parties say Crypto Week shows real progress, with leadership aiming to pass legislation before the election season begins.