The U.S. House of Representatives has designated mid-July as "Crypto Week" and plans to begin full-scale deliberations on major cryptocurrency-related legislation.
On the 3rd (local time), The Block reported that the U.S. House of Representatives will pass a stablecoin bill, a digital asset market structure bill, and a central bank digital currency bill during Crypto Week.
The House of Representatives is planning to consider three major bills, including one on central bank digital currencies (CBDCs).
The possibility of discussing the GENIUS Act has been raised, but for now the focus seems to be on the GENIUS Act, which passed the Senate. President Donald Trump said:
The administration has indicated it wants to pass the bill by August, and it is believed that adopting the GENIUS Act, which has already passed the Senate, would be a suitable option to meet this timeline.
Speaker of the House Mike Johnson (R-Mexico), House Financial Services Chairman French Hill (R-Mexico), and House Rep. GT Thompson (R-Germany)
"House Republicans are fully committed to President Trump's digital asset and cryptocurrency policies," Agriculture Chairman Thompson said in a joint statement.
Speaker of the House Mike Johnson (R-LA) and French Hill
Hill, R-AR) and House Financial Services Chairman G.T. Thompson, R-AR
"House Republicans have called for President Trump's digital assets and
"We are fully advancing cryptocurrency policy," he said. The GENIUS bill would require stablecoins to be fully collateralized with U.S. dollars or similar liquid assets and would allow cryptocurrencies with a market capitalization of $50 billion to be traded.
The House STABLE bill and the Senate STABLE bill both require state-based and foreign issuance routes.
The House Financial Services Committee passed the STABLE Act at the committee level in May, but it has not yet reached a vote on the full House floor.
The Digital Asset Market Clarity Bill provides a regulatory framework for the overall market structure.
The proposed bill, known as the “Clarity Act,” is also under discussion. The bill would clarify the scope of jurisdiction of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and would regulate digital securities.
The bill requires cryptocurrency companies to disclose financial information to retail investors and keep customer and company assets separate. Meanwhile, the final major bill of the "Crypto Week" includes Majority Leader
These include a bill to ban CBDCs introduced by Rep. Tom Emmer (R-MN), which would prohibit the Federal Reserve from issuing digital currencies directly to individuals.
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2025/07/04 12:17 KST
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