House Declares Crypto Week to Advance Key Digital Asset Legislation

The U.S. House of Representatives has declared the week of July 14, 2025, as “Crypto Week,” marking a significant push to advance key legislation related to digital assets and blockchain technology. This initiative aims to establish a comprehensive regulatory framework for the rapidly evolving crypto industry, ensuring that the U.S. maintains its leadership in digital finance and innovation.

The House plans to vote on three critical bills during this designated week: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act. These bills are designed to address various aspects of digital asset regulation, including market structure, consumer privacy, and the development of blockchain-based financial tools.

The CLARITY Act focuses on defining the regulatory structure for digital asset markets, providing clearer rules for stablecoins and trading platforms. This legislation is crucial for establishing a stable and predictable environment for digital asset transactions, which is essential for fostering innovation and protecting investors.

The GENIUS Act, which has already passed in the Senate, aims to promote the responsible development of blockchain-based financial tools and services. This act is part of a broader effort to integrate blockchain technology into the financial system, enhancing efficiency and transparency while ensuring regulatory compliance.

The Anti-CBDC Surveillance State Act seeks to block the launch of a U.S. Central Bank Digital Currency (CBDC) on the grounds of financial surveillance and privacy concerns. This bill reflects a growing concern among lawmakers about the potential for government-backed digital currencies to infringe on individual financial autonomy and privacy.

House leaders, including Financial Services Chairman French Hill and Agriculture Committee Chairman GT Thompson, have expressed strong support for these bills. They emphasized that the coordinated effort between committees signals a unified approach to crafting a modern legal framework for crypto assets. House Republicans have also indicated their readiness to support President Trump’s digital asset roadmap by voting on these proposals during the upcoming legislative window.

House Speaker Mike Johnson and Majority Leader Steve Scalise have both confirmed the House’s commitment to passing these bills in line with the administration’s priorities. They highlighted that the legislation reflects a “pro-business agenda” designed to create clarity for the market while encouraging innovation.

Senators supporting the initiative, including Tim Scott, John Boozman, Bill Hagerty, and Cynthia Lummis, have indicated that the Senate is likely to take up the House-backed bills before the end of September. Senator Hagerty acknowledged the House’s momentum and described the GENIUS Act’s passage as a major milestone. Senator Lummis noted the federal government’s alignment with states that have long supported digital asset innovation, while Rep. Bryan Steil added that combining regulation with a CBDC ban strengthens the U.S. position in the global Web3 race.

The introduction of Crypto Week signals a new chapter in American financial leadership. With unified support across committees and both chambers, the legislation could provide long-awaited structure for the growing crypto industry. House leaders emphasized that this move ensures the U.S. remains competitive while protecting market freedom and personal privacy.