US lawmakers to hold "crypto week"

The U.S. House of Representatives has announced the holding of "Crypto Week" from July 14 to 18, during which three key bills in the field of digital assets are planned to be considered.

The initiative was proposed by Speaker Mike Johnson, Chairman of the Committee on Financial Services French Hill, and Chairman of the Agriculture Committee Glenn Thompson.

This step is aimed at implementing President Donald Trump's "agenda" in the field of cryptocurrencies.

Initiatives on stablecoins, the structure of the digital asset market, and CBDC will be put to a vote.

Bill on "stablecoins"

The House of Representatives apparently prefers the Senate's GENIUS Act over its own similar document known as the STABLE Act. Trump expressed a desire for the former to be passed as soon as possible before Congress goes on its month-long recess in August.

Since the Senate has already approved this bill with the support of both parties, if it is passed by the House of Representatives without amendments, it will immediately be sent to the president for signature.

The key difference between the two bills lies in oversight: the STABLE Act provides for strict federal control over stablecoin issuers, while the GENIUS Act allows for oversight at the state level.

Bill on the Structure of the Crypto Market

The second bill under consideration is the CLARITY Act, which defines the jurisdiction of the (SEC) and the (CFTC) regarding cryptocurrencies. It will require most crypto exchanges to register with the CFTC, as well as establish rules for disclosure, record-keeping, and the segregation of corporate and client funds.

The document has already passed through the relevant committees and is awaiting a vote by the full House of Representatives, after which it will require approval from the Senate.

Bill Against CBDC

The third initiative (Anti-CBDC Surveillance State Act) aims to prohibit the U.S. Federal Reserve from issuing central bank digital currency directly to citizens. The bill's author, Tom Emmer, claims that this will protect Americans' right to financial privacy. To expedite the process, an identical bill has been introduced in the Senate.

These initiatives faced criticism from the Democratic Party. One of the reasons is the increasing involvement of the Trump family in the crypto industry. According to Bloomberg, the president's family could have earned around $620 million from related projects, including the DeFi platform World Liberty Financial and the meme coins TRUMP and MELANIA.

"By sending these three bills to President Trump, we will protect the financial privacy of Americans and make the United States the global capital of cryptocurrency," concluded Emmer.

Recall that in June, the head of the Federal Reserve, Jerome Powell, supported the regulation of stablecoins in the USA.