House GOP Advances Three Crypto Bills in 'Crypto Week'

The House of Representatives is set to advance three significant crypto bills during the week of July 14, marking a pivotal moment in the legislative agenda for digital assets. The bills in question are the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act. These legislative efforts are part of a broader initiative by the GOP to position the United States as a global leader in crypto innovation under the Trump administration.

House Republicans, led by the chairs of the House Financial Services and Agriculture Committees, have announced a coordinated effort to push these bills forward. The CLARITY Act aims to establish a clear regulatory framework for digital assets, safeguarding consumers and providing regulatory clarity. The Anti-CBDC Surveillance State Act seeks to prohibit the Federal Reserve from issuing a central bank digital currency, while the GENIUS Act focuses on ensuring that any central bank digital currency respects Americans’ privacy and financial freedom.

This legislative push follows the recent passage of President Donald Trump's 'Big Beautiful Bill' and is seen as a continuation of the administration's efforts to advance crypto-related legislation. The bills have already seen significant progress, with the CBDC Anti-Surveillance State Act passing out of the US House Financial Services Committee in April and the CLARITY Act being cleared by the House Financial Services and Agriculture Committees in June. The GENIUS Act, passed by the U.S. Senate in June, awaits a vote in the House.

Rep. Tom Emmer, a leading advocate for crypto in the House, emphasized that passing these bills will defend financial privacy and reinforce U.S. dominance in blockchain innovation. He stated, "American innovators are one step closer to having the clarity they need to build here at home while ensuring the future of the digital economy reflects our values of privacy, individual sovereignty, and free-market competitiveness."

Crypto Week also marks a shift in the federal government's stance on digital assets, aligning with legislation already enacted across several states. Senator Cynthia Lummis of Wyoming, a region known for its embrace of digital assets, expressed excitement about the federal government following in the footsteps of the Cowboy State. She highlighted the importance of passing comprehensive stablecoin legislation and establishing clear market structure rules.

Overall, the House GOP's declaration of 'Crypto Week' signifies a significant step towards providing regulatory certainty for digital assets and preventing the issuance of a U.S. central bank digital currency. This legislative effort is part of a broader agenda to position the United States as a global leader in crypto innovation, reflecting the administration's commitment to advancing the digital economy while safeguarding financial privacy and individual sovereignty.