US House Begins Crypto Week Voting on Three Regulatory Bills

The U.S. House of Representatives has designated the week of July 14 as "Crypto Week," during which it plans to vote on three key cryptocurrency bills: the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. The GENIUS Act, which already passed the Senate, establishes a regulatory framework for stablecoins by requiring full backing with cash or U.S. Treasuries and regular audits, and is expected to be sent to President Donald Trump for signature, marking a milestone for his pro-crypto agenda. The CLARITY Act aims to clarify regulatory authority by placing most crypto exchanges under the Commodity Futures Trading Commission rather than the SEC, while also providing customer protections. The Anti-CBDC Surveillance State Act would prohibit the Federal Reserve from issuing a central bank digital currency, addressing privacy concerns. Industry experts view these bills as foundational steps toward federal crypto regulations, though significant work remains for regulatory agencies to implement detailed rules. The week's legislative activity has already influenced the market, with Bitcoin surging past $120,000, reflecting optimism about the industry's regulatory future.