US Republican leaders in the House of Representatives have announced plans to review three significant cryptocurrency-related bills during a designated “Crypto Week” scheduled for July 14 to 18. The initiative reflects a focused effort to advance digital asset legislation aligned with President Donald Trump’s crypto agenda.
House Finance Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and House Speaker Mike Johnson confirmed on Thursday that the House will examine a crypto market structure bill, a stablecoin regulation bill, and legislation concerning central bank digital currencies (CBDCs) during this special session.
Speaker Johnson emphasized the party’s commitment, stating, “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda.” He further added, “During ‘Crypto Week,’ the House looks forward to the timely consideration of three landmark pieces of legislation: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act.”
This legislative push coincides with President Trump’s public call last month for the swift passage of the stablecoin-regulating GENIUS Act, urging Congress to act before its month-long August recess.
The GENIUS Act vs. The STABLE Act: House Moving Ahead With Senate Bill
Among the bills under review, the House appears to favor advancing the Senate-passed GENIUS Act over its own similar bill, the STABLE Act. The House Finance Committee passed the STABLE Act in May, but it has yet to receive a full House vote.
The Senate’s GENIUS Act gained bipartisan approval last month. If the House passes the bill without amendments, it would proceed directly to President Trump for signing into law.
However, legal experts from Pillsbury Law cautioned that the House might amend several key provisions concerning issuer eligibility, oversight authority between federal and state regulators, and compliance rules. Any amendments would require the bill to return to the Senate for another vote.
Lawyers from Troutman Pepper Locke also noted the possibility of a joint committee forming to reconcile differences between the GENIUS and STABLE Acts. Such a reconciliation would require both chambers’ approval before the bill reaches the President.
A critical distinction between the two bills centers on regulatory oversight: the STABLE Act mandates strict federal supervision of stablecoin issuers, while the GENIUS Act allows for state-level regulation.
The CLARITY Act: Defining Regulatory Jurisdiction Over Crypto
Another important bill expected to come before President Trump is the CLARITY Act, which outlines the regulatory boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding cryptocurrencies.
The CLARITY Act was advanced by the House Financial Services Committee and the Agriculture Committee on June 10, setting the stage for a full House vote. However, it still requires Senate approval.
If passed, the bill would require most crypto exchanges to register with the CFTC and enforce rules concerning disclosure, segregation of customer assets, and recordkeeping obligations.
GOP’s Anti-CBDC Surveillance State Act Seeks to Ban Central Bank Digital Currencies
The final bill on the agenda is the Anti-CBDC Surveillance State Act, which has a companion bill in the Senate to expedite the legislative process.
This legislation aims to prohibit the Federal Reserve from testing, developing, or issuing any form of digital currency. It would also bar the Fed from providing financial services directly to individual consumers.
Originally introduced in the previous Congress by House Majority Whip Tom Emmer, the bill passed the House in May 2024 but expired at the end of the session. Emmer has reintroduced the bill in the current Congress, with the House Finance Committee approving it in April. Meanwhile, the Senate version remains under review in the Banking Committee.
Political Divisions Over Crypto Legislation
While House Republicans push these crypto bills forward, Democrats have largely opposed the GENIUS and CLARITY Acts. Critics cite concerns about the expanding crypto interests linked to President Trump and his family, including ventures such as a crypto exchange, stablecoin projects, and multiple crypto tokens.
As “Crypto Week” approaches, the House’s actions will be closely watched for their impact on the regulatory landscape of digital assets in the United States.
July 2025, Cryptoniteuae
