For the first time, U.S. lawmakers are dedicating an entire legislative week to crypto. Starting 14 July, the House will focus solely on digital-asset bills in what’s being called “Crypto Week”, five days of key votes that could reshape how the industry is regulated.
The effort follows months of industry calls for a clear regulatory framework for digital assets. Supporters say a single week of floor votes can bring order to a market worth more than a trillion dollars. Critics warn that any delay between the House and Senate could leave firms in limbo yet again.
The first bill is the GENIUS Act. It would make stablecoin (dollar-pegged tokens) regulated while encouraging issuers to manage full cash or Treasury backing, publish monthly reserve reports, and face annual audits. Companies such as PayPal already meet those terms, while issuers like Tether may need to change their reserves.
Next is the CLARITY Act, which aims to settle the long dispute between the Securities and Exchange Commission and the Commodity Futures Trading Commission. It puts most crypto exchanges under CFTC oversight and lays out basic rules on customer funds. Some Democrats fear the shift could weaken safeguards, but backers say it ends years of uncertainty.
The third measure, the Anti-CBDC Surveillance State Act, would stop the Federal Reserve from creating or testing a central bank digital currency. Sponsor Tom Emmer argues a state-run token could give officials too much sight over private spending. The bill cleared the House Financial Services Committee in April and now waits for a floor vote.
House leaders are expected to finish votes by 18 July before sending the package to the Senate. Success could hand the United States its first broad crypto rule-book. Failure might push more projects offshore and turn Crypto Week into another wait-and-see moment.
Also read: Crypto Firms Ask House Lawmakers to Support CLARITY Act
