House Votes on Crypto Regulations Next Week

The U.S. House of Representatives is preparing to vote on crucial legislation concerning the cryptocurrency market structure and stablecoins, marking a significant milestone in the regulatory landscape for digital assets. These proposals aim to refine market regulations, oversee stablecoins, and prohibit central bank digital currency (CBDC), addressing longstanding demands from the U.S. crypto sector for a clear regulatory framework.

A major push for "regulatory clarity" is anticipated, responding to the crypto asset industry's longstanding call for favorable regulations. Historically, the sector has resisted unfavorable rules and actively campaigned for crypto-friendly policies ahead of the 2024 elections. The upcoming vote will feature the "Digital Asset Market Clarity Act of 2025" (Clarity Act), which provides comprehensive guidelines for federal regulatory approaches, and the "GENIUS Act," which establishes essential rules for stablecoin oversight.

During what is being referred to as "Crypto Week," the House will vote on three separate bills: the Clarity Act, the Anti-CBDC Surveillance Act, and the GENIUS Act. There is strong anticipation of bipartisan support for these proposals to pass.

The House Financial Services Committee has announced a vote on the Senate’s version of the GENIUS Act, indicating a preference for the Senate’s proposal over the previously developed "STABLE Act" by the House. If the proposal is expedited to President Donald Trump, there is potential for it to become law before the August recess. The GENIUS Act recently received substantial bipartisan backing in the Senate, signaling swift advancement.

The Clarity Act is expected to provide a foundational framework for agencies like the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in their approach to cryptocurrencies. However, there is currently no corresponding legislative proposal in the Senate. Relevant committee hearings continue in the Senate, with expectations for related regulations to finalize by the end of September.

Some Democrat representatives have raised concerns about potential corruption and conflicts of interest arising from these new regulations. Financial Services Committee Member Maxine Waters and Representative Stephen Lynch have pointed to President Trump’s activities in the crypto realm as potentially opening doors to controversial practices. Maxine Waters stated, “These laws explicitly approve of the observed abuse of power.”

Simultaneously, the House Ways and Means Committee plans to conduct a session related to crypto taxation. In the weekly agenda, the House Rules Committee will address the draft laws on July 14, followed by a full House vote planned for July 15. On July 16, the House Tax Committee will hold a crypto taxation session. Depending on the voting outcomes, the stablecoin proposal could be promptly approved by President Trump.

The U.S. House’s move to put comprehensive crypto regulations on the agenda next week is seen as a pivotal step for the industry. If approved, these regulations will provide the much-needed legal framework, allowing firms to operate within clear legal guidelines. However, implementation and the actual effects of these regulations will take time to manifest. Additionally, some experts remain cautious about whether the new laws will directly boost digital asset usage. Taxation and oversight sessions related to crypto also present additional agenda items impacting the sector.