House Lawmakers Designate “Crypto Week” for Key Digital Asset Bills
You wouldn’t have guessed this a year ago. Back then, the U.S. seemed to be pushing cryptocurrencies away—or at least that’s how it felt under the Biden administration. But things change fast in Washington. Now, the House has gone all in, declaring July 14-18 as “Crypto Week,” a full five days focused on passing major digital asset legislation.
The move was announced Thursday by key figures like French Hill, who chairs the Financial Services Committee, and GT Thompson from Agriculture. They’re calling it a push for “regulatory clarity,” though what that actually means in practice is still up for debate. Either way, it’s a sharp turn from where things stood not long ago.
What’s on the Table?
Three big bills are getting the spotlight. First, there’s the GENIUS Act, which deals with stablecoins—those cryptocurrencies tied to the dollar. It’s already cleared the Senate, and now the House is under pressure to get it to Trump’s desk. He’s been vocal about it, calling Bitcoin “amazing” (a word nobody expected from him a few years back) and even taking credit for the crypto industry’s growth.
Then there’s the CLARITY Act, which has bipartisan support but still needs full House approval after clearing two committees. And finally, the Anti-CBDC bill, which would block the Federal Reserve from creating a digital dollar. That one barely made it out of committee in April with a 27-22 vote, so its chances are shaky.
Why Now?
Timing is everything, and this feels like a direct result of Trump’s sudden embrace of crypto. He’s made it part of his campaign, framing it as a way to keep America ahead—or at least, that’s the idea. Some lawmakers, like Senator Cynthia Lummis, are running with it. “We finally have a president who gets it,” she said, though whether that’s true depends on who you ask.
But not everyone’s convinced. The SEC under Gary Gensler was tough on crypto, and even now, there’s skepticism about how much these bills will actually do. Still, Hill called the move “historic,” arguing it’ll help the U.S. stay competitive. Others just see it as politics as usual—jumping on a trend while it’s hot.
Either way, next week could shape crypto regulation for years. Or, given how Congress works, it might just end up being another round of talk with little action. We’ll see.
