Day 1 of US Crypto Week has wrapped up with a bang, kicking off a transformative legislative sprint from July 14–18 in the House of Representatives. Dubbed by House Republicans as a bid to crown the US the “crypto capital of the world,” the week opened with the House Rules Committee setting the stage for three pivotal bills: the Digital Asset Market Clarity Act (CLARITY Act), the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), and the Anti-CBDC Surveillance State Act. Lets dive into Day 1’s highlights, offers practical takeaways, and previews the electrifying days ahead.
What is US Crypto Week?
US Crypto Week, announced on July 3, 2025, by Chairman French Hill and House Leadership, runs from July 14–18, 2025, aiming to reshape cryptocurrency regulation. The House is tackling the CLARITY Act to clarify market structures, the GENIUS Act to regulate stablecoins, and the Anti-CBDC Surveillance State Act to block a retail central bank digital currency (CBDC). This initiative, backed by the Trump administration’s pro-crypto stance, responds to a market where digital assets are gaining traction, setting a high-stakes tone for the week.
Day 1’s Explosive Start
House Rules Committee Kicks Off
The House Rules Committee met at 4:00 PM ET on July 14, 2025, in H-313, The Capitol, to define debate rules for the week’s bills. This session, streamed live, outlined time allocations and amendments, a critical precursor to floor votes. It marked the formal launch of Crypto Week, drawing attention from crypto stakeholders worldwide.
Unveiling the Big Three Bills
- Digital Asset Market Clarity Act (CLARITY Act): Passed by the House Agriculture Committee (47–6) and Financial Services Committee (32–19) in June 2025, this bill assigns SEC or CFTC oversight based on asset classification. It could unlock $100 billion in market liquidity by resolving legal gray areas, benefiting developers and exchanges.
- Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act): Approved by the Senate 68–30 on June 17, 2025, this act mandates one-to-one reserves and AML compliance for stablecoin issuers. With a projected $150 billion stablecoin market by 2026, it could empower banks like JPMorgan to issue digital dollars.
- Anti-CBDC Surveillance State Act: Advanced 27–22 in April 2025, this bill bans a retail CBDC, preserving privacy against government overreach. It aligns with a 2024 House vote, reinforcing a preference for private crypto solutions.
Chairman French Hill appeared on CBS’ Face the Nation, outlining how these bills protect consumers, regulate stablecoins, and safeguard privacy. He stressed bipartisan collaboration, hinting at a potential vote by July 15, though Democratic pushback on Trump-linked crypto ties looms large.
Market Ripples and Investor Takeaways
Bitcoin’s climb to $123,000, fueled by $1.18 billion in ETF inflows, reflects market optimism. The GENIUS Act’s progress has spurred stablecoin interest, with Bank of America exploring issuance, potentially adding 5% to its revenue by 2027. For investors, Day 1 suggests monitoring ETF flows and stablecoin adoption, but volatility which was evident in recent token surges calls for diversified portfolios. Developers should note the CLARITY Act’s clarity could accelerate dApp launches, though compliance costs may rise.
US Crypto Week aligns with global trends. The UK’s draft regulations, released April 29, 2025, during the Innovate Finance Global Summit, propose a 2% crypto tax, contrasting with the US’s lighter approach. The EU’s MiCA, effective since December 2024, regulates 4,000+ crypto firms, offering a benchmark for the GENIUS Act. Trump’s pro-crypto pivot, marked by a White House Digital Assets Summit, positions the US ahead, though success hinges on Senate alignment.
What’s Next: Days 2–5 Unveiled
- Tuesday, July 15: The Senate Agriculture Committee hosts a 3:00 PM ET hearing on market structure. The House may vote on the bills, with the GENIUS Act’s Senate passage offering a fast track to Trump’s desk.
- Wednesday, July 16: The House Ways and Means Committee meets at 9:00 AM ET to address crypto taxation, potentially impacting long-term holding strategies.
- Thursday, July 17: A reserved day for additional debates or amendments, depending on progress.
- Friday, July 18: A possible bill signing if the GENIUS Act clears, though timing depends on House action.
Stakeholders should track live updates, as outcomes could influence global crypto adoption and US market leadership.
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About the Author: Tyler Chen
