The U.S. House of Representatives will vote on three pivotal cryptocurrency bills during 'Crypto Week' starting July 14, 2025. The GENIUS Act establishes a regulatory framework for stablecoins, mandating 1:1 reserve backing with high-quality assets, regular audits, consumer protection measures, and interoperability standards. While aiming to boost trust and financial stability, concerns persist about potential over-regulation driving innovation offshore.
The CLARITY Act addresses critical regulatory ambiguities by defining digital assets and clarifying jurisdictional boundaries between the SEC and CFTC. This legislation specifically differentiates securities from commodities like Bitcoin and Ethereum, potentially creating safe harbors for blockchain projects. Representative French Hill, Chair of the Digital Assets Subcommittee, emphasized: "These pieces of legislation are vital to ensuring America is at the forefront of innovation in the digital asset space."
Simultaneously, the Anti-CBDC Surveillance State Act seeks to prohibit the Federal Reserve from issuing retail central bank digital currencies that could enable financial surveillance, prioritizing individual privacy rights akin to cash transactions. House Financial Services Committee Chairman Bryan Steil confirmed plans to advance all bills to President Trump's desk by August, with market analysts anticipating substantial impacts on institutional adoption and trading volumes for major cryptocurrencies.