Crypto Week: Lawmakers to Address GENIUS and CLARITY Acts

House leaders have declared next week "Crypto Week," where lawmakers will focus on two key pieces of legislation: the GENIUS Act and the CLARITY Act. Bloomberg's Nathan Dean provides more information on the upcoming crypto legislation in an interview.

House leaders have declared next week "Crypto Week," where lawmakers will focus on two key pieces of legislation: the GENIUS Act and the CLARITY Act. Bloomberg's Nathan Dean provides more information on the upcoming crypto legislation in an interview.

Cryptocurrency investors are eagerly awaiting the upcoming "Crypto Week," a week-long period where lawmakers will focus on two pivotal pieces of legislation: the GENIUS Act and the CLARITY Act. These bills aim to bring regulatory clarity to the cryptocurrency industry, which has long suffered from regulatory uncertainty.

The GENIUS Act (S. 1582)

The GENIUS Act, also known as the Guiding and Establishing National Innovation for US Stablecoins, has already passed in the Senate and is scheduled for deliberation in the House. This bill targets the growing stablecoin industry, which is currently valued at over $250 billion. The legislation sets parameters to ensure the safety of customer funds, requiring stablecoins to be backed by liquid assets like the US dollar and short-term treasury bills. Monthly reserve disclosures and annual audits are also mandated. Additionally, the bill allows state supervision of certain tokens while companies must ensure compliance with AML laws.

Circle (NYSE:CRCL), a company that stands to benefit from the new rules, recently saw its shares surge following its IPO. Secretary of the Treasury Scott Bessent predicts that stablecoins could grow into a $3.7 trillion market by the end of the decade, driving demand for US treasuries and further solidifying the dollar as the world's reserve currency.

The CLARITY Act

The CLARITY Act, or the Digital Asset Market Clarity Act of 2025 (HR 3633), seeks to address one of the biggest issues in the industry: jurisdiction. It aims to clarify who should regulate the crypto industry between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The proposal suggests that most crypto exchanges should register with the CFTC, while the SEC would regulate crypto-related securities. This legislation is seen as a crucial step in addressing the regulatory uncertainty that has hindered institutional adoption and innovation in the crypto industry.

The CLARITY Act has already passed in the House Financial Services and Agricultural Committees but still needs to pass in the House of Representatives and the Senate. Senate Democrats have expressed concerns over the bill's complexity and potential exemptions for risky activities in the crypto space.

Anti-CBDC Surveillance State Act

Another notable bill to be considered is the Anti-CBDC Surveillance Act, which prohibits the Federal Reserve from testing, developing, creating, or issuing a central bank digital currency (CBDC). This bill has passed the House Financial Services Committee but is yet to get the full floor vote. Republicans and some Democrats argue that CBDCs will promote surveillance by the state and could be used by the party in power to spy on the opposition.

Implications for the Crypto Market

The upcoming "Crypto Week" may have significant implications for the crypto market. If successful, Bitcoin and other cryptocurrencies could jump as the market embraces regulatory clarity. The buzz around the finality of rules appears to be moving crypto markets higher, with Bitcoin trading at over $117,000 and a market cap of over $2.33 trillion.

Abdul Rafay Gadit, co-founder of ZIGChain, a level one blockchain, believes that the upcoming legislation approval is a transition point for digital assets as they move from regulatory fragmentation to a formal legal architecture. He states that these frameworks push the industry closer to legal certainty, clearer oversight, and practical integration with institutional finance.

Risks and Challenges

The main risk with the upcoming "Crypto Week" is that it may turn into another "Infrastructure Week," which happened in Trump's first term. The risk of some of these crypto bills not passing in the House and the Senate remains, given the complex nature of the legislation and political concerns.

Despite these challenges, the Senate Banking Committee Chair has indicated a desire to pass a crypto market structure bill before the end of September, suggesting that the CLARITY Act could still move forward.

Conclusion

The upcoming "Crypto Week" is a pivotal moment for the cryptocurrency industry. The GENIUS Act and the CLARITY Act, if passed, could bring much-needed regulatory clarity and foster innovation in the digital asset space. However, the path to their passage is fraught with challenges, and the industry will be closely watching the developments.

References:

[1] https://www.crowdfundinsider.com/2025/07/245228-crypto-week-the-clarity-act-genius-act-up-for-vote-next-week-bitcoin-rising/
[2] https://invezz.com/news/2025/07/08/crypto-week-agenda-revealed-and-top-bills-to-watch/
[3] https://www.ainvest.com/news/clarity-act-introduced-clarify-crypto-regulation-2507/