Crypto Week Lands on Capitol Hill: US House Officially Recognizes July 14-18 for Digital Assets
Washington wakes up to crypto—lawmakers carve out official recognition for the industry.
Mark your calendars: The US House just put digital assets on the political calendar with its first-ever 'Crypto Week.' From July 14-18, expect hearings, debates, and the usual theater of politicians pretending they understand blockchain.
Why it matters: When DC pays attention, markets move—whether legislators actually pass anything or not. This could spark fresh institutional interest or just another round of regulatory posturing.
Between the lines: The timing's suspicious—right before the August recess. Perfect window for grandstanding without consequences. Classic Washington meets Web3.
Bottom line: Wall Street will watch closely while secretly hoping their lobbyists outspend crypto's. Because nothing says 'financial revolution' like competing PAC donations.
Crypto Week Agenda
Notably, in hindsight, not many would have foreseen this week coming. Barely a year ago, the United States repelled cryptocurrencies under the Joe Biden administration, with former US SEC Chair Gary Gensler in power.
Meanwhile, Trump is keeping to his promises of making America the crypto capital of the world. He recently called Bitcoin “amazing” and claimed he had built the crypto industry. Now, the latest US House announcement reflects that the crypto innovation push is now a national interest.
US House to Approve Multiple Crypto Bills in July?
The US House aims to pass the GENIUS Act, a stablecoin bill that has already passed in the US Senate. The bill aims to establish clear guidelines for dollar-pegged cryptocurrencies, projected to attract trillions of dollars into the US economy. Notably, Trump has passionately called on the House to expedite the bill's delivery to him for final approval.
Furthermore, the House would also attempt to pass the CLARITY Act and quickly move it to the Senate. Remarkably, the bill has already passed a vote from both the Agriculture and Financial Services Committees and now requires full House support to pass.
Finally, the US House would deliberate on the Anti-CBDC Surveillance State Act, a bill that aims to prohibit the Central Bank from establishing a digital currency. The House Financial Services Committee approved the legislation with a slim 27-22 vote in April, keeping the proposal alive.
Meanwhile, several remarks followed the announcement, with several members of the House of Representatives expressing their Optimism ahead of “Crypto Week.” Chairman Hill called the move a “historic step” to ensure that the United States remains the world’s leader in the crypto landscape.
“We are advancing landmark legislation to establish a clear regulatory framework for digital assets that safeguards customers and investors,” he added.
Additionally, Senator Cynthia Lummis lauded the effort of Congress to capitalize on Trump’s friendly stance on digital assets. “For the first time in US history, we have a president who sees the value in embracing digital assets,” she stated.
