Republican Advancement of Trump-Endorsed Cryptocurrency Agenda
The United States House of Representatives has designated the week of July 14th, 2025, as "Crypto Week," during which it will focus on advancing three major crypto-related bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act.
In the current legislative landscape, the GENIUS Act, passed by the Senate on June 17, 2025, with a vote of 68–30, is moving towards reconciliation with the House version. The House is expected to debate this bill as a priority during "Crypto Week." The CLARITY Act, which has bipartisan support, is scheduled for consideration during the same period but has not yet received a floor vote.
The GENIUS Act aims to establish a federal framework for stablecoin regulation, requiring issuers to hold high-quality liquid assets and aiming to protect consumers and ensure market resilience. On the other hand, the CLARITY Act seeks to clarify the regulatory landscape by designating the Commodity Futures Trading Commission (CFTC) as the primary regulator for digital commodities.
The Anti-CBDC Surveillance State Act, which was previously passed in the House in May 2024 but expired with the end of the Congress’s term, has been reintroduced and advanced by the House Finance Committee in April 2025. This bill prohibits the Federal Reserve from developing, issuing, or offering a digital currency or direct financial products to individuals, reflecting broader Republican concerns about government overreach and surveillance through digital currencies.
During "Crypto Week," Speaker Mike Johnson, House Finance Chair French Hill, and Agriculture Chair Glenn Thompson will lead the review of these key bills. The outcomes of this week and subsequent negotiations will determine the final shape and impact of these laws.
Notably, Democrats have largely opposed both the GENIUS and CLARITY Acts due to perceived conflicts of interest involving high-profile political figures and their crypto ventures. Republicans generally support these bills as a way to clarify regulation and promote U.S. leadership in digital finance.
In addition to these bills, the House is also focusing on the Anti-CBDC Surveillance State Act, which prohibits the Federal Reserve from creating or testing central bank digital currency. Legal experts predict that if the House makes changes to the GENIUS Act, the bill would return to the Senate for approval.
As the crypto industry continues to evolve, these legislative efforts represent a significant push in Congress to define and oversee the digital asset industry, with each bill targeting a specific aspect of crypto regulation. The outcomes of "Crypto Week" and subsequent negotiations will shape the future of digital finance in the United States.
- During "Crypto Week," the House is anticipated to prioritize the debate for the House version of the GENIUS Act, which seeks to establish a federal framework for stablecoin regulation.
- The CLARITY Act, with bipartisan support, is scheduled for consideration during "Crypto Week," aiming to clarify the regulatory landscape by designating the Commodity Futures Trading Commission (CFTC) as the primary regulator for digital commodities.
- The House has reintroduced and advanced the Anti-CBDC Surveillance State Act, which prohibits the Federal Reserve from developing, issuing, or offering a digital currency, reflecting concerns about government overreach and surveillance through digital currencies.
