Week of July 14, declared “Crypto Week”.

The House Leadership and U.S. House Financial Services Chairman French Hill (AR-2), Agriculture Chair GT Thompson PA-15, and House Leadership officially declared “Crypto Week” for the week ending July 14, 2025.

The House will vote on three important bills that aim to change the digital asset landscape in America:

• The CLARITY Act – establishing rules for digital asset markets
• The Anti-CBDC Surveillance State Act – banning a U.S. central bank digital currency
• The GENIUS Act – introduced by the Senate, focused on stablecoins and innovation

Chairman Hill said that this effort will “safeguard investors and consumers, provide rules on the issuance and operations of dollar-backed stablecoins for payment, and permanently prevent the creation of Central Bank Digital Currency” (CBDC), to safeguard Americans financial privacy.

He added: “We are taking historic steps to ensure the United States remains the world’s leader in innovation… I thank my colleagues in Congress and the Trump Administration for their partnership” (House Committee on Financial Services).

Trump’s crypto agenda heavily influenced by legislation

House Speaker Mike Johnson’s (LA-04) description of Crypto Week was framed as a way to promote President Trump’s agenda for digital assets.

Johnson stated that House Republicans were taking “decisive steps” to implement the full scope and agenda of President Trump’s digital assets, cryptocurrency agenda. I look forward to the President signing them into law.

Majority Leader Steve Scalise (LA-01) echoed this: “These pieces of legislation further the President’s pro-growth and pro-business agenda… I look forward to getting these pieces of legislation to the President’s desk.”

Majority Whip Tom Emmer (MN-06) said the bills would protect financial freedom and individual privacy: “By sending these three pieces of legislation to President Trump’s desk, we will protect Americans’ right to financial privacy… A new day for American excellence has finally arrived.”

House and Senate Republicans push for crypto dominance

GT Thompson, the chairman of the board of directors of the EPA, said the bills are long overdue. They were the result of many years of work by experts. “We have heard time and again the call for regulatory clarity and assurance in this eco-system,” he stated. “It’s time to send clarity to the Senate from the House and deliver CLARITY for the American public.”

Senator Tim Scott (R – SC) praised this effort: “We now have an opportunity to consolidate American dominance while protecting consumers and maintaining financial freedom.”

Senator John Boozman, R-AR, welcomed the continued coordination between House leaders and Senate: “I look to continuing work on this important goal.”

The legislation is expected to pass both chambers.

Senator Bill Hagerty, R-TN, called this moment a “pivotal landmark,” adding that “these pieces of legislation are crucial to ensuring America remains at the forefront in innovation within the digital assets space.”

Senator Cynthia Lummis (R-WY) praised Trump’s leadership and said: “As we celebrate Crypto Week, I am thrilled to partner with Chairman Hill and Chairman Thompson… Together, we are going to maintain America’s competitive edge.”

The Anti-CBDC Surveillance State Act is a key proposal that would prevent any digital currency issued by the U.S. Central Bank, citing financial surveillance concerns.

Rep. Bryan Steil, (WI-01), said that banning CBDCs is essential. “Passing stablecoin legislation and market structure legislation along with a CBDC prohibition will ensure that the U.S. win the Web3 race.”

Rep. Dusty Johnson, SD-AL, said that regulations would “allow innovation to flourish and grow”, and thanked both House and Senate leadership for supporting the agenda.

Background

Crypto Week is a result of many years of bipartisan committeework.

• CLARITY Act approved by House Agriculture (47-6) and Financial Services Committees (32-19).
• May 2025 Joint roundtable on digital asset market structure
• April 2025 – STABLE Act and Anti-CBDC Act adopted by House full committee
• February–June 2025: Multiple op-eds and public hearings published/held by Hill, Thompson, Emmer, and Steil
• May 2024: House passed the Financial Innovation and Technology for the 21st Century Act and the Original Anti-CBDC Act
• 118th Congress – More than ten hearings and several bipartisan votes set the momentum for 2025 legislation

What’s next?

Crypto Week will begin on Monday, 14 July. The lawmakers hope to have all three bills sent to the Senate at the end the month.

Chairman Hill hopes that the Senate will act before September to finalise this framework.

Experts weigh in on the price impact

Crypto Week, according to analysts, could see significant market activity.

• A clear regulatory structure could be viewed as a positive and fuel renewed investor confidence.

• Analysts from FXStreet The warning is that “progress on the bills may trigger an increase in digital assets such as Bitcoin, Ethereum, and Solana.”
• In short, Crypto Week could spark a significant price move – either upward if lawmakers deliver clarity, or downward if the bills fall short of expectations.

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