U.S. lawmakers are poised to potentially pass crypto legislation, including bills regarding market structure and stablecoins, which may soon reach the President’s desk. This significant development is set to unfold during ‘Crypto Week’ from July 14 to July 18.
Legislative Overview
The House is preparing to vote on crucial legislation, including the ‘Digital Asset Market Clarity Act of 2025,’ which aims to clarify the regulatory framework for diverse cryptocurrencies. Additionally, the proposed Anti-CBDC Surveillance Act seeks to prohibit the establishment of a central bank digital currency in the U.S.
Why It Matters
These legislative actions are vital as the crypto industry has long demanded clearer regulatory guidelines. Significant financial contributions to the upcoming elections have strengthened the push for favorable crypto legislation.
Upcoming Schedule
- Monday, July 14, 4:00 PM ET: House Rules Committee meeting to discuss the bills.
- Tuesday, July 15, 3:00 PM ET: Senate Agriculture Committee hearing on market structure.
- Tuesday, July 15, time TBA: Expected House votes on the discussed bills.
- Wednesday, July 16, 9:00 AM ET: House Ways and Means Committee to hold a hearing on crypto taxation.
- Friday, July 18: Possible bill signing if the House advances the GENIUS Act.
Statements of Concern: Some Democrats have expressed worries that the passage of these bills may enable further corruption, particularly relating to President Trump’s crypto interests.
‘These bills serve as a brazen stamp of approval for the blatant abuse of power we’re witnessing in real time,’ said Waters.
