As Congress is set to examine three major bills during "Crypto Week," the crypto ecosystem and advocacy groups are ramping up efforts to turn political momentum into concrete advancements.
The United States House of Representatives is mobilizing for what Republican leaders have dubbed "Crypto Week," a legislative sequence scheduled from Monday to Friday, likely to reshape the regulatory framework for digital assets on American soil.
This week's episode of the Byte-Sized Insight podcast looks into the political issues of these texts, the lobbying efforts deployed by the sector, and the real chances of seeing bipartisan consensus lead to rapid adoption of the laws.
Lawmakers must examine, and possibly vote on, three landmark bills: the CLARITY Act, which aims to clarify the regulatory oversight of crypto markets; the GENIUS Act, which proposes a framework for stablecoins and has already been validated in the Senate; and the Anti-CBDC Surveillance State Act, aimed at prohibiting the creation of a digital currency issued by the central bank of the United States.
The need for regulatory clarity
Mason Lynaugh, community director at Stand With Crypto — an advocacy organization supported by Coinbase — stresses the decisive nature of this moment for the crypto industry.
"We are witnessing an incredible mobilization, with strong attention and unprecedented bipartisan support on the subject of crypto."
"But we need to act quickly... This momentum will not last. We must conclude this mission while the dynamics are there," he adds.
A few days before the debates begin, Stand With Crypto and more than 65 companies and associations sent a letter to lawmakers urging them to support the CLARITY Act. Lynaugh acknowledges that the political tension surrounding crypto has escalated.
He specifies that the CLARITY text addresses persistent legal uncertainties: the jurisdiction of regulators, consumer protections, rules governing token launches, and even the very definition of decentralization.
Crypto and politics: A tense relationship
"It is unfortunate to see some trying to politicize the issue," laments Lynaugh. "But when we look at the concrete data, we see that it is a deeply bipartisan theme."
Public mobilization has indeed intensified in recent months. "More than 50 million Americans own crypto," recalls Lynaugh, mentioning the 2.2 million supporters of Stand With Crypto and the 70,000 emails sent to senators just before the last votes.
With a very short parliamentary window before the summer break, the upcoming week could represent the best chance for the crypto industry to concretely influence the law.
But the pressure is at its peak. Lynaugh warns lawmakers:
"If these laws are not passed... then all the uncertainties that have lasted for years will remain unanswered.