House Votes on Three Key Cryptocurrency Bills During Crypto Week

The U.S. House of Representatives is set to vote on three significant cryptocurrency bills during a five-day legislative session known as "Crypto Week," scheduled from July 14 to July 18, 2025. This session aims to address key aspects of the cryptocurrency landscape, including stablecoin regulations, market oversight, and the prohibition of a central bank digital currency (CBDC).

The legislative package includes the GENIUS Act, the Digital Asset Market Clarity Act, and the Anti-CBDC Surveillance Act. The GENIUS Act, which has already passed the Senate, seeks to establish a federal framework for stablecoins. If approved by the House, it will become the first major federal law specifically addressing stablecoins. The bill is expected to reach the President's desk by July 18, 2025.

The Digital Asset Market Clarity Act outlines how cryptocurrency assets will be regulated across federal agencies. It assigns responsibilities between the Securities and Exchange Commission and the Commodity Futures Trading Commission. The bill has already passed the House Agriculture Committee by 47–6 and the Financial Services Committee by 32–19.

The Anti-CBDC Surveillance Act aims to block the creation or launch of a U.S. central bank digital currency. This bill has previously been approved by the House in 2024, with lawmakers citing concerns about financial surveillance and privacy as the primary reasons for its introduction.

Lawmakers from both parties are generally supportive of these legislative measures. The House Rules Committee will meet on Monday at 4:00 p.m. Eastern to review all three bills individually. A previous plan to merge the stablecoin and market structure bills was abandoned to allow for separate votes on each measure.

Some House Democrats have expressed concerns about the timing and contents of the bills. Representatives have raised ethical concerns over the President's ties to the cryptocurrency industry, suggesting that the proposed measures could create conflicts of interest. This opposition highlights the contentious nature of cryptocurrency regulation, with lawmakers divided on the appropriate balance between innovation and oversight.

The outcome of these votes will have significant implications for the cryptocurrency industry. If passed, these bills could provide much-needed clarity and stability, fostering a more conducive environment for digital asset development and adoption. Conversely, failure to pass these measures could result in continued regulatory uncertainty, potentially hindering the growth of the cryptocurrency sector in the U.S.