Lawmakers in Washington are preparing to pass three bills for the blockchain industry to an event they call “Crypto Week.”
The US Congress is working on the law that the crypto industry said the lobby will help bring clarity to the industry and help it grow, especially through two laws that manager of stablecoins and create a crypto market structure. Congress also considers a law that prevents the creation of a Central Bank Digital Currency (CBDC).
Crypto found support on both sides of the aisle, along with democratic and republican lawmakers who each made many amendments to the bills considered. The major crypto exchanges that operate in the United States, such as Coinbase, have also established their campaign for the law.
In the Congress set to act on three critical bills on Crypto Sunday, here’s a view of what they consider and what the crypto industry means.
Crypto Week aims to pass three bills
The service committee in financial US house announced Crypto Week begins on July 14. It will consider three bills, especially:
The Digital Asset Market Clarity Act (Clarity Act)
Republican Representative French Hill introduced The Clarity Act is only at the end of June. The bill aims to provide a framework for the digital assets industry, including determining the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission (CFTC).
The crypto industry has long been thought to be the Howey Test, such as outlined at the Securities Act of 1933 and the Securities Exchange Act of 1934, is out of time and that the SEC should not apply or exercise jurisdiction over digital ownership.
The law of cleanliness Ay “Provide an exemption from the Securities Act of 1933 registration requirements for offers of investment contracts involving digital goods with mature blockchains that meet certain conditions.”
It also referred to the “mature” blockchain as networks with a digital commodity that “greatly derived from the use and function of the blockchain.” This may not have user restrictions and should limit some holders of less than 20% of the ownership.
Under the bill, the CFTC will obtain “exclusive regulatory jurisdiction” in crypto transactions. Crypto exchanges and brokers are required to register with the commission and are subject to reporting, reporting, consideration of antitrust and other regulatory considerations.
The Guide and Establishment of National Innovation for the US Stablecoins Act (Genius Act)
Perhaps the most prominent of the three bills considered in the Crypto week is the Genius Act, the long-awaited regulation framework for stablecoins.
The bill was introduced in February, just more than a week after President Donald Trump swore his oath to the office, through a group of Bipartisan lawmakers. It was at home after the Senate was passed by a vote on June 17.
The bill specified What kind of creatures can issue stablecoins and states that “those who give should maintain reserves that support Stablecoin on one-on-one basis using US currency or other similar liquid properties, as specified.”
It also provides those who provided the Bank Secrecy Act and sets provisions for the event of a stablecoin issuer in vain.
Anti-CBDC Surveillance State Act
Republican representative Tom Emmer introduced the Anti-CBDC Surveillance State Act on March 6, aimed at preventing the Federal Reserve, the US central bank, from the release of a CBDC.
Under pretending to be remembered for the privacy of the people, the law forbids the Fed from the release of a CBDC either himself or by a third party, prevent the Fed from using a CBDC to influence the financial policy and give Congress a single authority to issue a digital dollar.
According to an announcement from the House Committee on Financial Services, supporting organizations include the Blockchain Association, the Digital Chamber of Commerce and a number of banking lobbies.
Can crypto bills be passed?
Glacial speed of law enactment in Washington, one week is a short time to pass the three laws, especially considering the size and economic implications of these three bills.
The major crypto companies such as Coinbase became lobbying. On July 7, standing with the crypto, the “indigenous” Coinbase’s “indigenous” crypto lobbying organizations, sent a letter to lawmakers signed by 65 executives from various crypto companies, urging Congress to pass the Clarity Act.
Related: Coinbase Crypto Lobby urge Congress to return Major Crypto Bill
On July 9, coinbase CEO Brian Armstrong write A message that supports both, which says “America is ready for crypto.”
Polymarket does not reflect this readiness. Participants in the “Clarity Act were signed by law in 2025?” Give the market a 52% chance at the time of publishing.
The Clarity Act has been Panned by lawmakers and consumer protection organizations identical as a “crypto crash grab” and a way for companies Avoid SEC regulation.
Americans have called for financial reform (AFR) the bill “a massive deregulator bill supported by a gusher of cash cash and lobbying muscles from ultra-rich venture capital firms and Crypto billionaire.
The AFR also raised concerns about Trump’s personal dealings and noted that the bill does not contain provisions about corruption and ethical concerns.
Senator Elizabeth Warren, a well -known crypto critic, also opposed the bill, saying it allowed major companies to skirt the Regulation of Sec.
“Under the House Bill, a company that has been publicly exchanged with Meta or Tesla can only decide to put its stock on the blockchain and – POOF! – it will escape all SEC regulations,” Warren said.
The Genius Act, by comparison, has experienced more debate and revision in the same Halls of Congress. According to Senator Cynthia Lummis, one of the sponsors of the bill, the Senate has done significant work in Include Provisions that respond to democratic concerns over the funding of terrorism and the launch of money.
When the bill passed the Senate in mid -June, Democratic Senator Kirsten Gillibrand said it was “targeting forbidden finances, limits of large tech limitations, putting in the area of ethical guards, and strengthening national security.”
Concerns remain, as the potential effect of law may have DELIVERY DELIVERY and Treasury market. Although, betting markets are optimistic. Polymarket participants Give The bill is a 92% chance that has passed this year.
The Anti-CBDC Bill is still under the consultation. On July 9, the House Committee on Ways and Means and Oversight Subcomm Committee announced a hearing on July 16 in the “steps proving it was necessary to put a tax policy outline on digital property.”
The hearing has been reported set to meet aspects related to Emmer’s Anti-CBDC bill.
If pro-Crypto lawmakers could pass three laws a week would seem like a high bar to clean, but even if they didn’t, their focus in the near future was certainly crypto.
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