#USCryptoWeek Here’s a snapshot of major U.S. crypto developments this week:

🇺🇸 U.S. Crypto Week: Key Legislative Push

🏛️ House Advances Major Crypto Bills

The U.S. House has kicked off its officially dubbed “Crypto Week”, spotlighting three pivotal bills:

GENIUS Act – stablecoin framework (requires full reserves, audits, retail acceptance pushed)

Clarity Act – clearly defines SEC vs CFTC jurisdiction

Anti-CBDC Surveillance State Act – bans U.S. central bank digital currency

Senate previously passed the GENIUS Act on June 17, 2025 with a strong bipartisan vote (68–30) .

The House vote is expected this week, with strong Republican support but opposition from Democrats like Rep. Maxine Waters .

💥 Bigger Picture

If enacted, this suite of bills would push stablecoins further into mainstream finance—potentially paving the way for private, retailer-accepted versions of digital dollars .

Simultaneously, the Trump administration has reinforced its anti-CBDC stance with Executive Order 14178 (Jan 23, 2025) banning government-backed digital currencies .

🏦 Crypto Firms Eyeing Bank Charters

Traditional crypto players—Circle, Ripple, Kraken, BitGo—are applying for national trust bank charters to handle stablecoin issuance and payments under new legislation .

Once these laws pass, major banks and fintechs like Amazon and Walmart may issue their own stablecoins, heating up competition .

⚖️ Major Legal & Regulatory Moves

UpdateDetailsTornado Cash trial beginsRoman Storm faces charges of laundering $1B via crypto mixer—case could shape DeFi regulation MoonPay execs scammedDOJ revealed MoonPay’s CEO & CFO lost $250K in Ethereum to a phishing scam—highlighting sector vulnerabilitiesOCC approves BTC ETF options tradingEnhances liquidity and risk tools for institutional and retail bitcoin investors

🔍 Other Notable Developments

U.S. spot BTC ETFs—led by BlackRock’s $20 B iShares Trust—continue to dominate inflows and boost market confidence .

Strategic Bitcoin Reserve: The U.S.