U.S. Congress Advances Cryptocurrency Regulation During ’Crypto Week’

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2025-07-05 02:33:02

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The U.S. House of Representatives has designated the week of July 14 as 'Crypto Week,' marking a pivotal moment for digital asset legislation. Three key bills—the CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act—will be debated, targeting cryptocurrency oversight and financial privacy protections.

French Hill, Chairman of the Financial Services Committee, underscored America's commitment to leading crypto innovation while establishing guardrails for stablecoins and consumer safeguards. The legislative push aims to permanently block central bank digital currencies (CBDCs), framing them as a threat to financial autonomy.

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