Ohio House Passes Pro-Crypto Bill with Key Tax Exemptions

  • U.S. House confirms July 14–18 as “Crypto Week” to advance legislation central to stablecoins, market structure, and financial privacy.

  • Lawmakers will vote on the CLARITY Act, the GENIUS Act, and a bill to block central bank digital currencies permanently.

  • Top House and Senate leaders back the crypto agenda, signaling unified action to cement America’s role in global digital finance.

The U.S. House of Representatives has officially designated July 14 to July 18, 2025, as "Crypto Week." During Crypto Week, lawmaker will deliberate three major digital asset-related bills, the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act.

https://twitter.com/WatcherGuru/status/1940876167755845865

House Leadership Aligns on Digital Asset Legislation

On July 3, 2025, House Financial Services Chairman French Hill, Agriculture Committee Chairman GT Thompson, and Speaker Mike Johnson confirmed the “Crypto Week” schedule. Lawmakers emphasized the importance of advancing President Trump’s digital asset agenda through focused floor action.

“We are taking historic steps to ensure the United States remains the world’s leader in innovation,” said Chairman Hill. He added, “We are advancing landmark legislation to establish a clear regulatory framework for digital assets that safeguards consumers and investors.”

Speaker Mike Johnson reinforced the House’s commitment: “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda.”

Majority Leader Steve Scalise noted, “These pieces of legislation further the President’s pro-growth and pro-business agenda and provide a clear regulatory framework for digital assets.”

Major Bills Headed for House Floor

The legislative focus of “Crypto Week” centers on three key bills. The CLARITY Act seeks to set comprehensive rules for digital asset markets. The Anti-CBDC Surveillance State Act would bar the issuance of a U.S. central bank digital currency, citing privacy concerns. The GENIUS Act, already passed by the Senate, supports innovation with built-in consumer protections.

Majority Whip Tom Emmer described the effort as a long-awaited achievement: “We will protect Americans’ right to financial privacy and deliver on our promise to make the United States the crypto capital of the world.”

Chairman GT Thompson, who co-led the CLARITY Act, said, “Time and again, we have heard the calls for regulatory clarity and certainty in this ecosystem… It will soon be time for the House to deliver for the American people.”

Senator Bill Hagerty described the GENIUS Act as “vital to ensuring America is at the forefront of innovation in the digital asset space.”

Broad Congressional Support Across Committees

Legislative momentum is being driven by a coalition of House and Senate leaders committed to reforming digital asset policy. Chairman Tim Scott called the moment a “historic milestone” in the drive to balance innovation with consumer safeguards.

Chairman John Boozman of the Senate stated, “I'm very pleased to see the House continue to advance its approach to a clear market structure for digital assets.”

Senator Cynthia Lummis reflected on state-level leadership: “In Wyoming, we have worked for nearly a decade to embrace digital assets… It is exciting to see the federal government beginning to follow in the Cowboy State’s footsteps.”

Rep. Bryan Steil outlined the goal clearly: “Passing stablecoin and market structure legislation, alongside a CBDC ban, will ensure the U.S. wins the Web3 race.”

Legislative Agenda Sets Tone for U.S. Crypto Future

During “Crypto Week,” the House will move to finalize votes on the proposed legislation. With strong support from the Trump administration and coordination between the Financial Services and Agriculture Committees, the goal is to send the bills to the President’s desk without delay.

“This is a historic opportunity for the United States,” said Whip Emmer. “A new day for American excellence has finally arrived, and now it’s time to get the job done.”

Rep. Dusty Johnson added, “Digital assets will soon transform every industry… The time is now to bring commonsense regulation to blockchain technology.”

As July 14 approaches, the House prepares for a decisive legislative moment aimed at strengthening U.S. leadership in digital finance.

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