Key Takeaways
- July 14 to 18, 2025, has been designated as “Crypto Week” in the U.S. House of Representatives.
- The SEC and CFTC will have clearly defined roles in crypto if the CLARITY Act passes.
- The CLARITY, GENIUS, and Anti-CBDC Surveillance State Act are expected to pass into law this year.
The U.S. House of Representatives has declared that the week beginning July 14, has been named “Crypto Week,” in which crypto market regulation, stablecoins, and anti-central bank digital currency (CBDC) legislation will be under consideration.
Crypto Clarity
The Digital Asset Market Clarity Act is a bipartisan bill centered on building out comprehensive and cohesive regulations for digital assets.
The aim is to establish clear rules and guidelines that reduce the risk of fraudulent schemes that exploit regulatory gaps.
It’ll also give Web3 firms safe harbors for innovation with the appropriate safeguards, balancing growth with consumer protections .
Notably, it aims to establish a crucial distinction between commodities and securities in crypto.
It’s a debate that has long plagued the markets, as the ambiguity has given regulators, such as the U.S. Securities and Exchange Commission (SEC), just cause to target crypto firms with enforcement actions and lawsuits.
It would also give the Commodities Futures Trading Commission (CFTC) a defined role within crypto with clear oversight responsibilities.
This bill could be prioritized above the stablecoin / CBDC bill, as without clear oversight, stablecoins will struggle to flourish.
Stablecoin Clarity
The Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, originated in the Senate and passed with a majority vote on June 18 with solid bipartisan support.
The legislation seeks to mandate stablecoin issuers to register with a federal regulator, maintain 1:1 cash reserves, equivalents, or highly liquid assets such as U.S. Treasuries.
It also features anti-money laundering (AML) and counter-terrorism financing (CTF) provisions and includes redemption rights for holders.
All in all, it seeks to make dollar-pegged stablecoins safer for consumers and institutions to use, prevent another TerraUSD/Celsius bankruptcy debacle, and reduce crypto losses.
No Digital Dollars
The Anti-CBDC Surveillance State Act seeks to permanently block a U.S. dollar CBDC from ever being created.
It’s a response to privacy concerns regarding government-issued CBDCs, which are considered to be a massive invasion of privacy, as a centralized authority can track, monitor, and potentially control every cent of every citizen.
It’s a politically charged piece of legislation that looks to ideologically opposed entities with CBDCs, such as China’s digital yuan, as a dangerous path to take.
It also gives U.S.-dollar-backed stablecoins ample room to gallop freely around the global markets, as there’ll be no better alternative available.
Crypto Week
The designation of July 14-18 as “Crypto Week” marks yet another pivotal moment for the crypto sector.
Combined, this trio of legislative efforts could, combined, set the stage for an entirely new era for the crypto industry.
For years, the industry has been rife with scams, frauds, lawsuits, and high-profile jail time, which many believe wouldn’t have happened if the U.S. had ample regulations in place.
But, there’s also an industry-in-waiting, as innovation in the space has long been suppressed by the unruly scrutiny of the U.S. regulators.
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