Crypto Week: GENIUS Act, CLARITY Act, and Anti-CBDC Bill Set to Make Crypto Great Again

U.S. House Republicans have declared a dedicated "Crypto Week" to accelerate passage of landmark bills on digital assets, stablecoins, and CBDC restrictions.

GOP Shifts Focus to Crypto Legislation

Following the recent passage of President Donald Trump’s widely publicized “Big Beautiful Bill,” House Republicans have turned their legislative focus to cryptocurrency. Lawmakers announced the launch of “Crypto Week,” set to begin on July 14, as part of a broader initiative to position the United States as a global leader in financial technology and digital assets.

The push forms part of the Trump administration’s ongoing effort to deliver on campaign promises aimed at bolstering crypto innovation while curbing government control over digital finance systems.

Three Pivotal Bills Under Consideration

During this legislative drive, House Republicans aim to advance three significant pieces of legislation: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s recently passed GENIUS Act. Together, these bills seek to overhaul the U.S. digital asset regulatory framework, address stablecoin issuance, and prevent the introduction of a government-backed central bank digital currency (CBDC).

French Hill, Chairman of the House Financial Services Committee, described the effort as a “historic step” toward ensuring the United States remains at the forefront of financial innovation, stating,

“After years of work in Congress on digital assets, we are advancing landmark legislation that safeguards consumers, provides rules for stablecoins, and permanently blocks a CBDC to protect Americans’ financial privacy.”

GENIUS Act Gains Momentum

Among the bills, the GENIUS Act has emerged as a priority for both chambers of Congress. Passed by the Senate last month with bipartisan support, the bill addresses the regulation of dollar-backed stablecoins and outlines a regulatory structure that would allow state-level supervision of issuers, a key divergence from the House’s earlier STABLE Act, which called for strict federal oversight.

President Trump has urged lawmakers to fast-track the GENIUS Act before Congress recesses in August, reinforcing its status as a legislative priority. If passed in its current form, the bill would head directly to the President’s desk for approval. However, amendments from the House could send it back to the Senate for further negotiation.

Potential Legislative Roadblocks

Despite momentum, legal analysts have pointed out potential hurdles. Attorneys at Pillsbury Law noted the House may seek to revise critical provisions within the GENIUS Act, including those related to issuer eligibility and federal-state oversight dynamics. Should changes be made, a joint committee may be formed to reconcile differences between the GENIUS and STABLE Acts, with final approval from both chambers required before the legislation reaches the White House.

The outcome of “Crypto Week” is set to shape the regulatory direction of digital assets in the U.S., with implications for market participants, stablecoin issuers, and broader financial innovation under the Trump administration’s second term.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice