US Lawmakers Gear up for ‘Crypto Week’ — What to Expect – Crypto News – Crypto News
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US Lawmakers Gear up for ‘Crypto Week’ — What to Expect US Lawmakers Gear up for ‘Crypto Week’ — What to Expect

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US Lawmakers Gear up for ‘Crypto Week’ — What to Expect – Crypto News

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The week of July 14 will see votes on both the stablecoin and broader crypto industry regulation bills.

With the U.S. president’s One Big Beautiful Bill out of the way, House Republicans have turned their attention to digital assets, declaring the week of July 14 “Crypto Week.”

The House GOP leadership plans to bring forward three bills: a stablecoin regulatory bill, a broader crypto market regulation bill, and a ban on a U.S. central bank digital currency, or CBDC.

The measures are all strongly favored by the White House and at least the first two by the crypto industry. They are part of a push to legitimize and empower the digital asset industry by giving it clear rules of the road that many insiders say are needed to allow the industry to grow and flourish in America.

In a Senate Banking Committee hearing on July 9, Blockchain Association CEO Summer Mersinger said: “Comprehensive and carefully calibrated rules of the road for digital assets are essential for protecting consumers, fostering responsible innovation, and ensuring the United States remains the undisputed global leader in finance and technology for the 21st century.”

Adding that trying to regulate crypto with existing financial regulations written before blockchains even existed “has created ambiguity, stifling American innovation and driving entrepreneurs to jurisdictions with clearer legal frameworks,” Mersinger said “the lack of a defined, congressionally-mandated regulatory framework is the single greatest threat to American leadership in this emerging industry.”

How to ensure that leadership remains onshore is the question the House wants to answer next week.

“Crypto Week represents a pivotal moment for the digital asset industry,” said Hadley Stern, chief commercial officer at Marinade, a Solana staking automation platform, and former global head of custody at the Bank of New York Mellon, via email:

“The House appears poised to pass the Senate’s GENIUS Act, President Trump’s preferred stablecoin bill, suggesting a stablecoin framework could realistically reach the President’s desk within days. While the broader CLARITY Act on market structure is less certain to pass the Senate immediately, its House vote signals long-term progress toward legal clarity and regulatory jurisdiction over digital assets.”

Adding that the CBDC ban is “more symbolic than substantive,” Stern said “overall, this week could deliver the industry’s first major federal legislative win, especially around stablecoins, even if more ambitious reforms take longer.”

Three Bills

The simplest of the three bills the House will take up this week is the stablecoin bill, which is much farther along than the market structure bill. A version, the Guiding and Establishing National Innovation for U.S. Stablecoins Act, or GENIUS Act, has passed the Senate. The House has its own version, the Stablecoin Transparency and Accountability for a Better Ledger Economy Act, or STABLE Act.

While the House intended to pass this bill and then reconcile the differences with the Senate’s stablecoin bill, President Donald Trump is pushing them to simply take up the GENIUS Act and pass it as is. That would prevent the delay of having both chambers have to repass a reconciled bill, and get it on his desk this week.

The most difficult to pass is arguably the broad market structure bill, a 236-page behemoth that seeks to create a complete legal and structural framework for the entire cryptocurrency industry

The easiest of the three is probably the last one. While CBDCs were a hot topic five years ago, no one is really talking about one in the U.S. anymore. Getting a ban through is a straightforward affair of stopping something no one really wants that badly.

Speaking of Crypto Week as a whole, Anthony Georgiades, founder and general partner at VC firm Innovating Capital, told The Defiant via email that “from a policy standpoint, this is a real step forward. The bills aim to create a more flexible, industry-friendly regulatory environment, which could boost domestic innovation and give U.S.-based crypto companies a clearer path forward.”

That said, he acknowledged that there is “an undeniable political angle” with the coordination of Crypto Week and President Trump’s “pro-crypto messaging, which has been well received by many in the industry.”

Pointing to Democrats’ concerns about the Trump family’s crypto ventures — which they have called outright corruption — Georgiades said this may be as much about political positioning as it is about policy reform.

“At the end of the day, the initiative reflects both a genuine move toward long-term crypto legislation and a strategic effort to energize a politically favorable base,” he added.

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