Republican leaders in the U.S. House have announced plans to review three major cryptocurrency bills during a designated “Crypto Week” starting mid-July.
House Financial Services Committee Chair French Hill, House Agriculture Committee Chair Glenn Thompson, and Speaker Mike Johnson confirmed on Thursday that the week of July 14–18 will be dedicated to evaluating key legislation: a comprehensive crypto market structure bill, a stablecoin framework, and a bill addressing central bank digital currencies (CBDCs).
“House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda,” said Speaker Johnson.
“During ‘Crypto Week,’ the House looks forward to advancing three landmark proposals: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act,” he added.
The Republican initiative follows former President Donald Trump’s recent call for swift passage of the GENIUS Act, which aims to regulate stablecoins. Trump urged Congress to approve the bill before its month-long August recess.
These legislative efforts mark an early step toward fulfilling Trump’s campaign promises on cryptocurrency—commitments that gained strong support and financial backing from the crypto industry.
GENIUS considered over STABLE
The House appears to be prioritizing the Senate-led GENIUS Act over its own version of stablecoin legislation, the STABLE Act, which was approved by the House Financial Services Committee in May but has not yet reached a full floor vote.
The GENIUS Act, which passed the Senate with bipartisan support last month, would head directly to former President Trump for signing if the House passes it without changes. However, legal experts at Pillsbury Law noted on Wednesday that the House may propose amendments to key sections, including those involving issuer eligibility, the balance of state and federal oversight, and compliance rules.
If the House does amend the bill, it will need to return to the Senate for a vote on the revised version.
Attorneys at Troutman Pepper Locke also suggested that a conference committee may be formed to reconcile differences between the GENIUS and STABLE Acts. Any compromise bill would require approval from both chambers before reaching Trump’s desk.
One of the major differences between the two bills lies in regulatory authority: the STABLE Act calls for strong federal oversight of stablecoin issuers, while the GENIUS Act favors a more decentralized approach by allowing state-level supervision.
CLARITY could be next on Trump’s desk
A crypto market structure bill known as the CLARITY Act could be the next piece of legislation to reach former President Trump’s desk. The bill was advanced on June 10 by both the House Financial Services Committee and the Agriculture Committee, clearing the way for a full House vote.
The CLARITY Act aims to define the regulatory roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in overseeing digital assets. It would require most crypto exchanges to register with the CFTC and establishes clear guidelines on disclosures, customer asset segregation, and recordkeeping practices.
The bill must still pass the Senate before it can become law.
Democrats have largely pushed back against both the GENIUS and CLARITY Acts, raising concerns over the expanding cryptocurrency ventures linked to Donald Trump and his family—including a crypto exchange, a stablecoin, and several digital tokens.
GOP bill aims to ban CBDCs
The final bill the House plans to take up during “Crypto Week” is the Anti-CBDC Surveillance State Act, which has a matching version in the Senate aimed at accelerating the legislative process.
This bill would bar the Federal Reserve from developing, testing, issuing, or implementing any form of central bank digital currency (CBDC). It would also prevent the central bank from offering financial services or products directly to individuals.
Originally introduced by House Majority Whip Tom Emmer during the previous Congress, the bill passed the House in May 2024 but expired at the end of the session. Emmer reintroduced the measure in the current Congress, and the House Financial Services Committee approved it in April. The Senate version remains under review in the Senate Banking Committee.
