After a tense delay caused by internal party opposition, the United States House has resumed legislative action during what has been termed “Crypto Week.” Three critical measures, the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act, have been given new life after a procedural vote that was narrowly passed (217-212).
These initiatives might influence the future of digital assets in the United States, with ramifications for stablecoin issuers, decentralized platforms, and centralized crypto companies.
A senior GOP official told Coindesk that “this isn’t just about passing laws—it’s about unlocking the U.S. as the home of innovation.” President Donald Trump’s personal participation, including his drive to include anti-CBDC wording in the National Defense Authorization Act (NDAA), apparently swayed a number of Freedom Caucus members who had previously slowed progress.
Market Signals: A Vote with Real-World Impact
In the crypto week, following the announcement of the milestone, Bitcoin rallied above $119,000, while Ethereum surged 9%, passing $3,300. Meanwhile, Circle’s stock rose nearly 17%, while Coinbase rose 4%, showing increased investor optimism that clearer regulations would soon replace regulatory uncertainty.
Financial analyst Lara Menendez of Ark Capital stated,
“Markets value certainty. With the GENIUS Act finally getting a complete vote and the CLARITY Act moving forward, we’re seeing investor interest return very immediately.”
Inside the Three Crypto Bills Powering This Week
The heart of the package is the GENIUS Act, which creates the first legislative framework for stablecoins. It establishes reserve requirements, mandatory audits, and a dual licensing system overseen by federal and state authorities. The Senate passed it in June with bipartisan support (68-30), and a full House vote is scheduled on July 17.
Meanwhile, the CLARITY Act aims to resolve the long-standing debate over whether cryptocurrencies are securities or commodities, which has been a source of contention in several SEC enforcement cases. Giving the Commodity Futures Trading Commission (CFTC) additional jurisdiction over digital tokens is consistent with what many in the sector have been advocating for.
The Anti-CBDC monitoring State Act, which is linked to national security legislation, seeks to prohibit the Federal Reserve from establishing a Central Bank Digital Currency that might be used for mass monitoring or behavioral tracking.
Steven Goldfeder, CEO of Offchain Labs (Arbitrum), hailed the developments: “Regulatory uncertainty has been the single most significant deterrent for major institutions.” A legislative framework allows for involvement in a trustworthy system.
Crypto Week: Political Drama Nearly Derailed the Process
The largest hurdle, ironically, was Republican infighting rather than Democrats or the White House. Members of the Freedom Caucus originally stopped the vote, citing concerns about bill consolidation and the wording surrounding CBDCs. Only after behind-the-scenes discussions, orchestrated in part by Trump’s staff, was a route forward established, allowing each measure to be voted on separately. To avoid procedural difficulties, the Anti-CBDC wording was ingeniously included into the NDAA.
Conclusion: From Gridlock to Greenlight?
Based on the latest research, the crypto week with two of the three measures anticipated to pass in the coming days and Senate alignment nearly assured, the United States may now be ready to provide regulatory certainty in a sector that has long been ambiguous. As industry executives, investors, and developers watch, Crypto Week may prove to be more than just political theater; it might mark the beginning of a new age in American digital finance.
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FAQs
What is the GENIUS Act?
It’s a bipartisan bill that introduces regulatory rules for stablecoins, including reserve backing and audits.
Why did the CLARITY Act matter?
It clarifies whether digital tokens are commodities or securities, reducing legal confusion.
What is the Anti-CBDC Act?
It seeks to prevent the U.S. government from issuing a central bank digital currency tied to surveillance.
When will these bills become law?
GENIUS is scheduled for a final vote July 17. CLARITY and Anti-CBDC measures are expected to follow shortly.
Glossary
CLARITY Act: Proposed legislation defining the classification of cryptocurrencies under U.S. securities law.
GENIUS Act: A bill that sets rules for stablecoin issuance, oversight, and reserves.
CBDC: Central Bank Digital Currency; a state-issued digital currency managed by a central bank.
NDAA: National Defense Authorization Act; a must-pass bill often used to attach other legislation.
Freedom Caucus: A group of conservative Republican members in the U.S. House of Representatives.
Sources/References
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