Republican leaders in the U.S. House of Representatives have announced a dedicated “Crypto Week” set for July 14–18, during which they plan to review three major bills that could significantly shape the country’s approach to digital assets.
House Financial Services Chair French Hill, Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson said Thursday that the House will use this time to evaluate legislation covering digital asset market structure, stablecoins, and central bank digital currencies (CBDCs).
“House Republicans are committed to advancing President Trump’s full digital asset agenda,” Johnson stated. “Next week, we’ll focus on three pivotal proposals: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act.”
This move reflects Trump’s recent calls for swift action on crypto regulations. In June, he urged lawmakers to pass the GENIUS Act—focused on stablecoin oversight—before Congress enters its August recess.
GENIUS Act Prioritized Over STABLE Act
Although the House passed its own stablecoin-focused STABLE Act earlier this year in committee, the Senate’s GENIUS Act is currently taking precedence. Passed with bipartisan support, the GENIUS Act is positioned for a quick transition to the president’s desk—provided the House passes it without modifications.
However, legal experts at Pillsbury Law have cautioned that the House may seek changes to key elements, such as who can issue stablecoins and how state and federal oversight will be balanced. If revised, the bill would return to the Senate for approval. Alternatively, a joint committee could be formed to reconcile differences between the two proposals, as legal analysts from Troutman Pepper Locke suggested.
One of the major distinctions between the two is oversight: the GENIUS Act gives states a larger role in supervising stablecoin issuers, while the STABLE Act favors more direct federal control.
CLARITY Act Sets the Stage for Crypto Oversight
Another bill likely to move forward is the CLARITY Act, which aims to establish clearer rules for the digital asset ecosystem. It passed through the House Financial Services and Agriculture Committees on June 10 and is now awaiting a full House vote.
The bill proposes that crypto exchanges register with the Commodity Futures Trading Commission (CFTC) and defines regulatory boundaries between the CFTC and the Securities and Exchange Commission (SEC). It also sets standards for disclosure, recordkeeping, and the handling of customer funds.
Democrats, however, have expressed strong opposition to both the GENIUS and CLARITY Acts, pointing to the Trump family’s expanding presence in the crypto industry—including ventures into exchanges, stablecoins, and tokens.
Push to Block CBDCs
The third bill to be reviewed is the Anti-CBDC Surveillance State Act. If passed, it would prohibit the Federal Reserve from creating or distributing a central bank digital currency and from offering financial services directly to individuals.
Originally passed by the House in 2024 but not adopted by the Senate, the bill has been reintroduced by House Majority Whip Tom Emmer. The House Financial Services Committee approved the updated version in April. A matching bill remains in the Senate’s Banking Committee.
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