Republican leaders in the U.S. House of Representatives have pledged to hold a dedicated “Crypto Week” in mid-July to review three major pieces of legislation aimed at shaping the country’s cryptocurrency regulation framework.
From July 14 to 18, lawmakers will consider a market structure bill known as the CLARITY Act, a stablecoin regulation bill named the GENIUS Act, and legislation opposing central bank digital currencies (CBDCs) titled the Anti-CBDC Surveillance State Act.
“House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda,” said Speaker Mike Johnson.
He added that the House would consider these three “landmark pieces of legislation” during Crypto Week.
GENIUS Act Gains Momentum Over House-Led STABLE Act
The GENIUS Act appears to be gaining priority in the House, despite the chamber’s earlier endorsement of its own bill, the STABLE Act.
While the House Financial Services Committee passed the STABLE Act in May, the full House has yet to vote on it.
By contrast, the GENIUS Act passed the Senate with bipartisan support last month.
If the House passes the GENIUS Act without amendments, it could proceed directly to President Trump for signature.
Legal experts at Pillsbury Law cautioned that the House might revise critical sections of the GENIUS Act, including provisions related to issuer eligibility and regulatory oversight.
Such changes would require a second Senate vote.
Troutman Pepper Locke analysts also suggested the possibility of a bicameral committee being formed to reconcile differences between the two bills.
One of the most notable differences is their stance on oversight.
The STABLE Act proposes federal supervision, whereas the GENIUS Act leans towards state-level oversight.
CLARITY Act Advances Toward House Vote
The CLARITY Act, which seeks to establish jurisdiction between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), has already been approved by the House Financial Services and Agriculture Committees.
It requires most crypto exchanges to register with the CFTC and introduces standards for disclosures, segregation of customer assets, and recordkeeping.
Bo Hines, a top White House adviser on crypto policy, expects swift passage of the bill in the House.
Anti-CBDC Bill Targets Fed Powers
The final bill to be considered during Crypto Week is the Anti-CBDC Surveillance State Act.
This bill would ban the Federal Reserve from developing or issuing any form of digital currency and prevent it from offering direct-to-consumer financial services.
The bill mirrors one previously introduced by House Majority Whip Tom Emmer, which expired after passing the House in 2024.
Reintroduced this year, the House Finance Committee approved it in April, while its Senate counterpart remains under review.
Democrats have voiced concerns over the Republican-led bills, citing former President Trump’s growing ties to the crypto industry, including involvement in tokens, a stablecoin, and a digital asset exchange.