Crypto Week starting July 14th. Credit: Alesia Kozik, Pexels
On Thursday, July 3rd, US House Financial Services Chair Chair Chair Chair Chair Chair Chair (AR-02), Agriculture Chair GT Thompson (PA-15), and House Leadership officially declared the week of July 14, 2025 as “Crypto Week.”
The House plans to vote for three major bills aimed at shaping the landscape of American digital assets.
- Clarity Act – Establishing rules for the digital asset market
- Anti-CBDC Surveillance National Law – US Central Bank’s ban on digital currency
- The act of genius introduced by the Senate focused on stability and innovation.
Chairman Hill said the effort would “protect consumers and investors, provide rules for issuing and operating stability for dollar-backed payments, and protect Americans’ financial privacy by permanently blocking the creation of a central bank’s digital currency (CBDC).
He added: “We are taking historic steps to ensure that the United States remains a world leader in innovation. We would like to thank Congressional colleagues for their partnership with the Trump administration,” the House Committee on Financial Services.
The law is closely tied to Trump’s crypto agenda
House Speaker Mike Johnson (LA-04) framed Crypto Week as a delivery of President Trump’s digital assets agenda.
“House Republicans are taking critical steps to provide the full scope of President Trump’s digital assets and cryptocurrency agenda,” Johnson said. “I look forward to President Trump signing them to the law.”
Majority Steve Scullyse (LA-01) said, “We will further repeat these parts of the laws to further promote the president’s growth and support. We look forward to bringing these laws to the president’s desk.”
Majority Whip Tom Emmer (MN-06) said the bill would protect financial freedom and personal privacy. “By sending these three laws to President Trump’s desk, we protect Americans’ rights to financial privacy.
House and Senate Republicans are pushing for code control
Chairman GT Thompson postponed the bill and called for the product of long-standing opinions from experts. “I have heard many times about the calls for clarity and certainty of regulations in this ecosystem,” he said. “Now it will be time for the house to rescue Americans and send clarity to the Senate.”
Sen. Tim Scott (R-SC) praised the company as “there is a real opportunity to cement America’s domination in digital assets innovation while protecting consumers and maintaining economic freedom.”
Senator John Boosman (R-AR) welcomed the continued coordination between the House and Senate leaders. “We look forward to continuing work on this important purpose.”
Several Senate Republicans signal their support for Crypto Week and suggestions of the law could pass both rooms.
Sen. Bill Hagerty (R-TN) called “vital milestones” a moment, saying, “These laws are essential to ensuring that America is at the forefront of innovation in the digital asset space.”
Sen. Cynthia Ramis (R-WY) praised Trump’s leadership and said, “We are excited to partner with Chairman Hill and Chairman Thompson when we celebrate Crypto Week.
The main proposal, the anti-CBDC surveillance national law, blocks the US central bank’s digital currencies, citing concerns over financial surveillance.
Rep. Bryan Steil (WI-01) said it was essential to ban CBDCs. “Along with the CBDC ban, we guarantee that the US will win the Web3 race if we pass Stablecoin and market structure laws.”
Rep. Dusty Johnson (SD-AL) thanked both the House and Senate leaders for supporting the agenda.
background
Crypto Week is the result of years of bipartisan committee work.
- June 2025: Clarity Act passed House Financial Services (32-19) and the Agriculture Committee (47-6)
- May 2025: Joint Roundtable Conference held in the Digital Asset Market Structure
- April 2025: Stable and anti-CBDC Act Passed by the Full House Commission
- February-June 2025: Multiple Op-Eds and Public Hearings published/held by Hill, Thompson, Emmer and Steil
- May 2024: House passed financial innovation and technology in the 21st Century Act (FIT21) and the original anti-CBDC bill
- 118th Congress: Over 20 hearings and multiple bipartisan votes have established momentum for 2025 legislation
What’s next?
Crypto Week is scheduled to begin on Monday, July 14th, and lawmakers hope to move forward all three bills and send them to the Senate by the end of the month.
Speaker Hill has announced that he will complete the framework, hoping that the Senate will act by September.
Industry experts focus on price impact
Industry analysts say Crypto Week could lead to important market behavior.
- A clear regulatory framework can be seen as positive and boosting the confidence of new investors.
- Analysts at FXStreet warn that “progress around the bill could lead to an increase in digital assets such as Bitcoin, Ethereum and Solana.”
- In short, Crypto Week can cause a major price movement. It’s either downwards if the lawmaker makes clear or if the bill doesn’t meet expectations.
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