House Republicans are officially calling the week of July 14 “Crypto Week,” with plans to vote on three major digital asset bills that could reshape the U.S. crypto landscape.
Speaker Mike Johnson, along with House Financial Services Chair French Hill and Agriculture Chair GT Thompson, confirmed Thursday that the House will take up the GENIUS stablecoin bill, the CLARITY market structure bill, and legislation aimed at banning a central bank digital currency (CBDC).
“House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda,” Johnson said.
The GENIUS Act, passed earlier by the Senate, requires all stablecoins to be fully backed by U.S. dollars or similarly liquid reserves. It mandates annual audits for issuers with a market cap above $50 billion and sets clear guidelines for foreign issuers.
Although the House had developed its own STABLE Act with slight differences, particularly around state-level pathways, it is now leaning toward adopting the Senate’s version to expedite the process. Trump has publicly said he wants a stablecoin bill on his desk by August.
The second key item on the docket is the Digital Asset Market Clarity Act, known as CLARITY. Jointly advanced by the Financial Services and Agriculture Committees, the bill defines how the SEC and CFTC will regulate the crypto industry. It also includes rules requiring exchanges and custodians to separate customer funds from corporate assets and mandates proper retail disclosures.
“We are taking historic steps to ensure the United States remains the world’s leader in innovation,” Chairman Hill said. “After years of dedicated work in Congress, we are advancing landmark legislation to establish a clear regulatory framework for digital assets.”
The third and final bill is the Anti-CBDC Surveillance State Act, sponsored by Majority Whip Tom Emmer. The bill would prohibit the Federal Reserve from issuing a CBDC directly to U.S. citizens, framing it as a privacy risk.
“By sending these three pieces of legislation to President Trump’s desk, we will protect Americans’ right to financial privacy,” Emmer said.
The push has received broad support across GOP leadership. Majority Leader Steve Scalise said the package would help cement the U.S. as “the world leader in digital assets,” while Rep. Bryan Steil added it will allow the U.S. to “win the Web3 race.”
Some Democrats have criticized the move, citing Trump’s personal ties to crypto ventures. Bloomberg estimates his family has profited over $620 million through various projects, including the World Liberty Financial DeFi platform and meme tokens like TRUMP and MELANIA.
Still, Republicans are charging ahead. Hill said the bills reflect “values of privacy, individual sovereignty, and free-market competitiveness.” GT Thompson called it “a historic opportunity” to provide legal certainty for innovators.
And from the Senate side, lawmakers like Tim Scott, Cynthia Lummis, and Bill Hagerty are already preparing for the next phase once the bills reach them. “This is a pivotal moment,” Sen. Hagerty said. “We’re going to move quickly to get this done.”
With “Crypto Week” on the horizon, the House is gearing up for a legislative sprint that could define the future of digital finance in the U.S.
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