House Moves to Finalize Crypto Legislation in July

The U.S. House Committee on Financial Services has designated the week of July 14th as "Crypto Week," highlighting a concerted effort to advance crucial legislation related to digital assets. This initiative is designed to create a clear regulatory framework for the crypto industry, with a focus on stablecoins, central bank digital currencies (CBDCs), and overall market structure. The legislative agenda includes voting on three significant bills: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act.

House leadership, including Financial Services Chairman French Hill, Agriculture Committee Chairman GT Thompson, and Speaker Mike Johnson, confirmed the "Crypto Week" schedule on July 3, 2025. They emphasized the importance of advancing President Trump’s digital asset agenda through focused floor action. Chairman Hill stated, “We are taking historic steps to ensure the United States remains the world’s leader in innovation. We are advancing landmark legislation to establish a clear regulatory framework for digital assets that safeguards consumers and investors.” Speaker Mike Johnson reinforced the House’s commitment, saying, “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda.” Majority Leader Steve Scalise noted that these pieces of legislation further the President’s pro-growth and pro-business agenda and provide a clear regulatory framework for digital assets.

The legislative focus of “Crypto Week” centers on three key bills. The CLARITY Act aims to set comprehensive rules for digital asset markets. The Anti-CBDC Surveillance State Act would bar the issuance of a U.S. central bank digital currency, citing privacy concerns. The GENIUS Act, already passed by the Senate, supports innovation with built-in consumer protections. Majority Whip Tom Emmer described the effort as a long-awaited achievement, stating, “We will protect Americans’ right to financial privacy and deliver on our promise to make the United States the crypto capital of the world.” Chairman GT Thompson, who co-led the CLARITY Act, said, “Time and again, we have heard the calls for regulatory clarity and certainty in this ecosystem… It will soon be time for the House to deliver for the American people.” Senator Bill Hagerty described the GENIUS Act as “vital to ensuring America is at the forefront of innovation in the digital asset space.”

Legislative momentum is being driven by a coalition of House and Senate leaders committed to reforming digital asset policy. Chairman Tim Scott called the moment a “historic milestone” in the drive to balance innovation with consumer safeguards. Chairman John Boozman of the Senate stated, “I’m very pleased to see the House continue to advance its approach to a clear market structure for digital assets.” Rep. Bryan Steil outlined the goal clearly, saying, “Passing stablecoin and market structure legislation, alongside a CBDC ban, will ensure the U.S. wins the Web3 race.”

During “Crypto Week,” the House will move to finalize votes on the proposed legislation. With strong support from the Trump administration and coordination between the Financial Services and Agriculture Committees, the goal is to send the bills to the President’s desk without delay. Whip Emmer stated, “This is a historic opportunity for the United States. A new day for American excellence has finally arrived, and now it’s time to get the job done.” Rep. Dusty Johnson added, “Digital assets will soon transform every industry… The time is now to bring commonsense regulation to blockchain technology.” As July 14 approaches, the House prepares for a decisive legislative moment aimed at strengthening U.S. leadership in digital finance.