Crypto Week to Shape U.S. Policy as Congress Debates Three Key Bills
Crypto Week begins on July 14, and it may be one of the most important events for digital currency in U.S. history. For five days, Congress will focus on bills that could shape how cryptocurrencies like Bitcoin and stablecoins are used, taxed, and regulated.
What Is Crypto Week?
Crypto Week is a special session announced by House Speaker Mike Johnson, along with top lawmakers like French Hill and GT Thompson. From July 14 to July 18, the U.S. The House of Representatives will vote on three major cryptocurrency related bills. These bills are designed to bring clear rules to a market that has often operated in a legal gray area.
The Three Bills Under Debate
During Crypto Week, lawmakers will debate and vote on the following:
1. The CLARITY Act
This bill would define which agencies control cryptocurrency. It splits responsibilities between the SEC and CFTC, and it also exempts older, more stable blockchains from strict rules. This could allow large digital assets firms to operate more freely in the U.S. According to the Polymarket, this act has a 53% chance of becoming a law.
2. The GENIUS Act
The Genius Act already passed in the Senate, this bill would allow private companies to issue stablecoins, as long as they are backed 1:1 with real dollars.
Source: Polymarket
It could lead to major brands like Amazon or Walmart launching their own stablecoins for payments, as they have already announced plans about it.
3. Anti-CBDC Surveillance State Act
This bill aims to restrict the FED from introducing a government-backed digital dollar. Supporters say it protects financial privacy by keeping government control out of personal spending habits.
Why the Timing of Crypto Week Matters?
The timing of Crypto Week couldn’t be more important.
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More traditional banks and companies are starting to use blockchain tools.
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Major organisation inclining towards including Bitcoin and other cryptocurrencies in their corporate reserve strategy.
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Bitcoin has hit a new all time high of more than $118,000.
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BNY Mellon is already managing stablecoin reserves, and Coinbase has launched an ad campaign to push for regulatory clarity. Recently Ripple also announced BNY as their RLUSD’s stablecoin reserve’s custodian.
President Trump has also thrown his support behind cryptocurrency. He recently called the GENIUS Act a way to make America the “undisputed leader in digital assets.” His stake in a stablecoin firm, USD1, has further increased attention on this space.
The Need for Clear Regulations
One of the biggest problems in digital assets industry today is unclear regulation. Many companies aren’t sure which rules to follow or which agency is in charge. This confusion can slow down innovation, scare away investors, and cause legal trouble. Crypto Week is being seen as the first big chance to fix this.
Digital assets advisor at the White House David Sacks said “July will be a big month”. This hints at a big revolution coming up in the industry.
Source: X (previously Twitter)
If the bills pass, they would give the industry more legal guidance and help protect users. It would also set up the United States as a pioneer in responsible digital assets regulation.
What’s at Stake for the Market?
If all three bills pass during Crypto Week, it would mark a huge shift in U.S. cryptocurrency policy. Investors may feel more secure, companies may find it easier to launch blockchain services, and the U.S. could lead the global digital economy.
However, there are still hurdles. Some lawmakers, like Senator Elizabeth Warren, argue these bills weaken protections. Tax issues also remain. Current rules make even small cryptocurrency trades taxable.
Final Thoughts
Crypto Week is a big test for Congress, and for the future of digital assets in America. The decisions made this time could push the U.S. toward a clearer, more open cryptocurrency market.