#USCryptoWeek Main events of 'Crypto Week' (July 14–18, 2025)

Voting on bills

GENIUS Act (already approved by the Senate) — establishes rules for stablecoins:

Full backing with liquid assets (U.S. dollars, short-term bonds).

Monthly reporting and audits of reserves.

Prohibition on using opaque assets (e.g., gold) for backing.

CLARITY Act — delineates the powers of regulators:

CFTC gains control over spot cryptocurrency markets (instead of SEC).

Defines criteria for classifying assets as 'digital commodities'.

Anti-CBDC Surveillance State Act — blocks the creation of a digital dollar by the Federal Reserve, fearing violations of financial privacy.