The U.S. Congress Advances Crypto Assets Legislation, Industry Welcomes Major Turning Point

This week, Washington has welcomed a pivotal moment known as "Crypto Assets Week". The U.S. Congress is accelerating the advancement of multiple legislations supporting crypto assets, signaling that the industry is about to undergo significant changes. This not only injects new growth momentum into the industry but will also significantly reduce its future risks.

Legislative Highlights of "Crypto Assets Week"

On July 3rd, the U.S. House of Representatives passed a far-reaching press release, officially declaring the week of June 14 as "Crypto Assets Week" and committing to advancing three key Crypto Assets legislations:

1. The GENIUS Act: Provides a clear regulatory framework for stablecoins. This bill has been passed in the Senate with a vote of 68 to 30, including support from 18 Democratic senators, making it one of the most bipartisan bills of the 2025 congressional session. If the House passes it unanimously, the bill will be sent to the President for signature and is expected to become the first significant Crypto Assets legislation in U.S. history.

2. The CLARITY Act: Establishes a comprehensive regulatory framework for crypto assets, aimed at providing clear compliance guidelines for market participants.

3. "Anti-CBDC Surveillance State Act": Prohibits the United States from creating a Central Bank Digital Currency (CBDC) to protect financial privacy and market freedom.

Although the CLARITY Act and the Anti-CBDC Act still require Senate approval, the passage of either bill in the House of Representatives would be a significant milestone for the Crypto Assets industry.

The Importance of Legislation for Crypto Assets

A clear regulatory framework will bring dual benefits to the Crypto Assets industry:

drive growth and reduce risk

1. Promote Growth: Clear legislation on Crypto Assets will encourage large financial institutions to increase their presence in the encryption sector, attract billions of dollars in investment, and guide trillions of dollars in traditional assets into the blockchain-based ecosystem.

2. Reduce Risk: The Crypto Assets industry has been repeatedly hit hard due to a lack of regulation, exemplified by the collapse of several well-known projects, which not only devastated the market but also weakened investor confidence. These failures largely stem from the absence of regulation. Clear regulations will help prevent similar incidents from occurring.

Although clear rules cannot completely eliminate market scandals, they can significantly reduce the likelihood of such events occurring. Over the past 15 years, Bitcoin, while being one of the best performing assets globally, has experienced seven drops of over 70%. Clear regulation will lower the risk of unexpected collapses caused by unregulated platforms, and the potential for significant market volatility will decrease accordingly.

Reasons for Crypto Assets Gaining Bipartisan Support

Crypto Assets are one of the few policy issues that have received broad bipartisan support in the United States. The passage of the GENIUS Act in the Senate is an example, demonstrating the cross-party support base. There are multiple reasons behind the bipartisan support:

• The enthusiasm of young voters: Crypto Assets are widely popular among the younger demographic, making it difficult for politicians to ignore this trend.
• Driving Force in the Financial Industry: The US financial sector is eager to seize the growth opportunities brought by Crypto Assets. Several major financial institutions have ventured into the encryption field to varying degrees, and millions of Americans along with thousands of businesses have invested in it.

This economic incentive ensures the long-term sustainability of Crypto Assets legislation. Once these bills are passed and signed into law during "Crypto Assets Week," Crypto Assets will enter a new era of mainstream acceptance.

Trends Adopted by Institutions

According to data statistics, as of June 30, 2025, nearly all major financial institutions in the United States have ventured into Crypto Assets trading, custody, or derivatives markets. This wave of adoption by institutions further solidifies the position of Crypto Assets and makes policy reversals more difficult.

Conclusion

Washington's "Crypto Assets Week" is not just a legislative gala, but also a turning point for the maturity of the crypto industry. Through the advancement of these key bills, the crypto assets market will welcome clearer rules, lower investment risks, and stronger growth momentum. This not only opens up new opportunities for investors and institutions but also lays the foundation for building an open, transparent, and efficient financial ecosystem. Crypto assets are becoming mainstream, and the legislative progress of this week will write a new chapter for the industry's future.