The US House of Representatives has officially declared the week of July 14–18, 2025, as "Crypto Week". This “Crypto Week” is an important period for the cryptocurrency industry, as the US lawmakers are going to debate and vote on three major bills that could shape the future of digital finance in the United States.

Image Source: Financial Services GOP

What Is Crypto Week?

Crypto Week is a dedicated period for the discussion of digital assets regulation in the US. During this period, the House will focus exclusively on digital asset policy and federal oversight. The week will see the consideration of three key digital asset bills:

1. The CLARITY Act

2. The GENIUS Act

3. The Anti-CBDC Surveillance State Act

These bills address critical issues such as regulatory transparency, innovation in digital finance, and privacy protections.

1. The CLARITY Act

The CLARITY Act is aimed at providing a clear legal framework for digital assets. By establishing well-defined guidelines, the Act seeks to provide a more conducive environment for the development and adoption of digital assets. This clarity is expected to attract more institutional players and encourage responsible growth within the industry.

2. The GENIUS Act

The GENIUS Act, already approved by the Senate, is designed to support financial innovation, particularly prepared for stablecoins. The bill mandates that stablecoins be fully backed by US dollars or highly liquid assets and requires annual audits for large issuers. This bill aims to ensure that new financial technologies are implemented securely and responsibly, while also providing rules for the issuance and operation of dollar-backed payment stablecoins.

3. The Anti-CBDC Surveillance State Act

The Anti-CBDC Surveillance State Act aims to restrict the Federal Reserve from issuing a central bank digital currency that could enable mass surveillance of Americans’ financial activity. The bill raises important questions about privacy and the extent of government involvement in monitoring financial transactions. Its passage would permanently block the creation of a US CBDC, reflecting concerns about financial privacy and individual sovereignty.

Economic Implications

The designation of "Crypto Week" is a clear signal of the US government’s intent to lead in the digital economy. House leaders, including Speaker Mike Johnson and Financial Services Committee Chair French Hill, have emphasized that these efforts align with President Trump’s pro-crypto agenda. The push for comprehensive regulation is seen as a way to ensure the US remains competitive globally, especially as other nations advance their digital asset frameworks. The outcome of these legislative efforts could have far-reaching consequences:

1. Clearer rules may encourage more startups and established firms to build and operate in the US.

2. Regulatory certainty could reduce risks and attract more institutional investment.

3. Enhanced privacy protections and stablecoin regulations may increase trust and adoption of digital assets.

Industry Reactions

The crypto industry has largely welcomed the move, viewing it as a long-overdue step toward regulatory clarity. Many stakeholders believe that a well-defined legal framework will help the US maintain its leadership in financial innovation and protect consumers from potential abuses. However, the debate over the Anti-CBDC Surveillance State Act highlights ongoing concerns about privacy and government overreach. Some critics argue that blocking a US CBDC could hinder the country’s ability to compete with digital currencies issued by other central banks.

Future Outlook

As the "Crypto Week" approaches, all eyes will be on the decisions made during this week, which could set the stage for the next era of digital finance in the United States, influencing not only the crypto industry but also the broader financial ecosystem for years to come.