US Congress Declares "Crypto Week" – 3 Landmark Bills Take Center Stage in July 2025

• Why Is Washington Calling It "Crypto Week"?
• What Are the Three Game-Changing Bills?
• How Did We Get Here? The FIT21 Foundation
• Who’s Driving the Crypto Agenda?
• What’s Next for Crypto Legislation?
• FAQs: Your Crypto Week Questions Answered

The US House of Representatives kicks off "Crypto Week" on July 14, 2025, focusing on three pivotal bills: the CLARITY Act (regulating digital assets), the Anti-CBDC Surveillance State Act (banning government-issued digital currencies), and the GENIUS Act (boosting blockchain innovation). These initiatives aim to cement America’s position as the global crypto hub while protecting financial privacy. The legislation builds on prior successes like the FIT21 Act and aligns with President Trump’s pro-crypto agenda.

Why Is Washington Calling It "Crypto Week"?

Picture this: lawmakers putting partisan bickering aside to debate digital assets for an entire week. That’s exactly what’s happening when the US House of Representatives declares July 14–18, 2025, as "Crypto Week." Spearheaded by Financial Services Committee Chair French Hill (R-AR) and House leadership, the event marks a watershed moment for crypto regulation. Five key drivers make this unprecedented: (1) The US trails behind crypto-friendly jurisdictions like Singapore and the EU; (2) Stablecoin issuers demand legal clarity; (3) Privacy advocates warn against CBDC surveillance risks; (4) Blockchain firms threaten offshore relocations; and (5) The 2024 FIT21 Act proved bipartisan crypto consensus is possible. As Hill stated, "We’re taking historic steps to establish America as the innovation leader."

What Are the Three Game-Changing Bills?

Three legislative heavyweights dominate the agenda:

1. The CLARITY Act: Rulebook for Digital Assets

Dubbed the "crypto constitution," this bill tackles five critical gaps: (1) Defining jurisdictional boundaries between the SEC and CFTC; (2) Creating federal standards for stablecoin issuers like Tether and Circle; (3) Establishing custody rules for crypto wallets; (4) Mandating reserve audits for stablecoins; and (5) Setting disclosure requirements for token projects. Analysts at TradingView note the Act could reduce regulatory arbitrage that pushed companies like Coinbase to consider Bermuda.

2. Anti-CBDC Surveillance State Act: Privacy Firewall

This controversial bill does three things: (1) Bans the Federal Reserve from issuing a retail CBDC; (2) Prohibits banks from requiring CBDC transactions; and (3) Bars government access to private wallet data. Supporters cite China’s social credit system as a cautionary tale, while critics argue it handcuffs future monetary policy. The Cato Institute reports 68% of Americans oppose CBDCs over privacy concerns.

3. GENIUS Act: Innovation Accelerator

Senate’s answer to boosting blockchain competitiveness focuses on: (1) Tax incentives for crypto R&D; (2) Sandbox programs for DeFi protocols; (3) Anti-fraud measures for ICOs; (4) Patent protections for blockchain inventions; and (5) Workforce training grants. CoinGlass data shows the US lost 12% of crypto developers to Dubai and Switzerland since 2023—a trend this bill aims to reverse.

How Did We Get Here? The FIT21 Foundation

The May 2024 passage of the Financial Innovation and Technology Act (FIT21) laid the groundwork by: (1) Classifying cryptocurrencies as either commodities or securities; (2) Creating a self-regulatory organization for exchanges; (3) Streamlining licensing for crypto brokers; and (4) Establishing consumer protection rules. The current bills expand these frameworks, with the CLARITY Act clearing House committees in June 2025 by a 42-5 vote.

Who’s Driving the Crypto Agenda?

The push involves unlikely allies: (1) Libertarian Republicans like Senator Cynthia Lummis; (2) Tech-savvy Democrats including Rep. Ritchie Torres; (3) White House AI Crypto Czar David Sacks; (4) Advocacy groups such as the Blockchain Association; and (5) Fortune 500 companies exploring tokenization. Even former President TRUMP tweeted, "Biden’s regulators tried to kill crypto—we’re making it thrive."

What’s Next for Crypto Legislation?

While Optimism runs high, hurdles remain: (1) Senate Democrats want stricter consumer protections; (2) Treasury worries about stablecoin systemic risks; (3) Privacy coins face potential bans; (4) DeFi protocols resist KYC requirements; and (5) The 2026 election cycle could derail momentum. As the BTCC research team notes, "This is crypto’s best shot at clear rules—but the devil’s in the regulatory details."

FAQs: Your Crypto Week Questions Answered

What is the purpose of Crypto Week?

Crypto Week is a dedicated period for the US Congress to debate and advance three major cryptocurrency bills aimed at establishing regulatory clarity, protecting financial privacy, and promoting blockchain innovation.

How does the CLARITY Act affect stablecoins?

The CLARITY Act introduces federal oversight for dollar-pegged stablecoins, requiring issuers to maintain audited reserves and comply with disclosure rules—similar to traditional payment processors.

Why ban CBDCs under the Anti-CBDC Act?

Sponsors argue CBDCs could enable government surveillance of citizens’ transactions, citing China’s digital yuan program as an example of potential abuse.

Does the GENIUS Act benefit small crypto startups?

Yes, its sandbox provisions allow startups to test products with temporary regulatory relief, while R&D tax credits help offset development costs.

When could these laws take effect?

If passed during Crypto Week, the bills WOULD likely undergo Senate markup in Q3 2025 with potential implementation by mid-2026.