The U.S. House of Representatives began the "Encryption Week" legislative marathon on the 14th: stablecoins, regulatory boundaries, and anti-CBDC!

The U.S. House of Representatives will hold "Crypto Week" in mid-July to expedite the passage of three major crypto bills, which will affect stablecoins, the structure of the crypto market, and financial privacy, establishing the future digital dominance of the dollar. (Background: The total market capitalization of crypto is set to soar to $20 trillion! Bo Hines: The passage of U.S. legislation brings explosive growth) (Background: Trump's "Great American Act" narrowly passed, IMF warns: U.S. deficit debt crisis worsens) Conversations from the White House Rose Garden have ignited the summer crypto battle in the U.S. Congress. President Trump recently declared, "I will sign the first stablecoin law in the U.S. in August." The House then announced it would hold "Crypto Week" in mid-July, simultaneously reviewing the "GENIUS Act", "CLARITY Act", and the "Anti-CBDC Surveillance National Act". This tightly scheduled legislative marathon is viewed as a critical bill between the global status of the dollar and financial privacy. Stablecoin Bill: GENIUS Act Rapid Advancement The Senate passed the "GENIUS Act" on June 17 with a vote of 68 to 30. The bill requires stablecoin issuers to maintain 100% reserves in U.S. dollars or equivalent liquid assets, and those issuing over $50 billion must undergo annual audits; foreign operators must meet higher thresholds to operate in the U.S. A Sullivan & Cromwell report indicates that large players like Tether and Circle will need to disclose asset allocation details and increase audit transparency in the future. Trump's deadline for signing in August accelerates the bill's rare progress, highlighting the Republican strategy to strengthen the dollar's influence through stablecoins. CLARITY Act: Defining Regulatory Boundaries The House will simultaneously review the "CLARITY Act" (Clarity for Digital Assets Act). This law creates a classification for "digital commodities", shifting most blockchain assets from SEC oversight to CFTC regulation, and proposes exemptions for "mature blockchain" and decentralized finance (DeFi). This bill will provide clear compliance pathways for exchanges, issuers, and investors, while avoiding overlapping authority between the SEC and CFTC. House Speaker Mike Johnson and Majority Whip Tom Emmer emphasize that a clear framework is a prerequisite for promoting the growth of the U.S. crypto industry. Anti-CBDC Bill: Financial Privacy Defense The "Anti-CBDC Surveillance National Act" advocates prohibiting the Federal Reserve from issuing central bank digital currency directly to individuals, citing the need to prevent government surveillance tools from eroding property and privacy rights. Republicans argue that the paths of the EU's digital euro and China's digital yuan demonstrate that while national-level digital currencies can enhance payment efficiency, they may also lead to comprehensive surveillance. The U.S. chooses to observe, locking its current strategy on commercial stablecoins and private innovation. Political Gamble The Block reports that some Democratic lawmakers question whether the Trump family profited $620 million from DeFi and meme coins, suggesting that the bills may lean towards industry interests and involve conflicts of interest. Whether these three bills can be passed consecutively and when they will take effect will impact investors' pricing on the regulatory direction in the U.S. Related Reports Trump cuts public broadcasting funding: The era of "begging the government" for money is over It's time to pay up! Trump: Starting tomorrow, I will send letters notifying countries of tariff rates, three scenarios predicted The Trump family made a whopping $620 million in six months, with crypto "money printing" overshadowing three generations of family business. <The U.S. House of Representatives begins "Crypto Week" legislative marathon on the 14th: stablecoins, regulatory boundaries, and anti-CBDC!> This article was first published in BlockTempo, the most influential blockchain news media.