U.S. House Republicans coordinate a legislative offensive to reshape crypto regulation in the country and block future government-issued digital currencies.
U.S. lawmakers are expected to seek new legislative victories this month, following the approval of President Donald Trump's 'Big Beautiful Bill' last Thursday.
This time, lawmakers will focus on the cryptocurrency sector.
With this, House Republicans will attempt to advance three industry-specific bills during the newly announced 'Crypto Week,' which begins on July 14.
The movement is a coordinated legislative effort to pass key digital asset bills in the U.S. House of Representatives in the coming weeks and months, as part of a broader initiative led by the Republican Party to position the United States as a global leader in cryptocurrencies and financial technology under the Trump administration.
In a post on platform X, the chairs of the House Financial Services and Agriculture Committees announced that they will now focus their attention on the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act.
“After years of dedicated work in Congress on digital assets, we are moving forward with historic legislation to establish a clear regulatory framework for digital assets,” stated the Chairman of the House Financial Services Committee, French Hill (R-AR), in a statement.
These milestones include consumer protection and the establishment of clear regulatory rules, while also prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC).
“Repeatedly, we have heard calls for clarity and regulatory security in this ecosystem,” added GT Thompson (R-PA), Chairman of the House Agriculture Committee. “The Agriculture and Financial Services Committees have worked together to deliver the CLARITY, and soon it will be the House's turn to deliver results to the American people and send the CLARITY to the Senate.”
In April, the Anti-CBDC Surveillance State Act was approved by the House Financial Services Committee with 27 votes in favor and 22 against.
In June, the CLARITY Act — which would strip the U.S. Securities and Exchange Commission (SEC) of its oversight power over the crypto industry — was approved by the House Financial Services and Agriculture Committees. In the same month, the GENIUS Act was passed by the U.S. Senate. Now, the bill awaits a vote in the House.
Representative Tom Emmer (R-Minn.), one of the leading advocates for crypto in the House, stated that the passage of the bills will defend financial privacy and strengthen the U.S. leadership in blockchain innovation, making the country a global leader in crypto.
“American innovators are closer to having the clarity needed to build on domestic soil, ensuring that the future of the digital economy reflects our values of privacy, individual sovereignty, and market competitiveness,” said Emmer.
For others, Crypto Week marks a shift in the federal government's stance towards digital assets, aligning with legislations already enacted in various states.
“In Wyoming, we have worked for almost a decade to embrace digital assets, and it is exciting to see the federal government starting to follow in the footsteps of the Cowboy State,” stated Senator Cynthia Lummis (R-WY).
“As we celebrate Crypto Week, I am excited to work with President Hill and President Thompson to pass comprehensive legislation on stablecoins, establish clear market structure rules, and ensure that any central bank digital currency respects the privacy and financial freedom of Americans.”