Crypto Week Begins: U.S. Congress Advances Key Bills as Trump Pushes for Regulatory Clarity

The United States has entered a pivotal week for the crypto industry as lawmakers and digital asset advocates prepare for what’s being dubbed “Crypto Week.”

Beginning July 14, Congress is set to review landmark legislation that could reshape the country’s regulatory landscape—and potentially land a stablecoin bill on President Donald Trump’s desk by Friday.

The House of Representatives will consider three major proposals: the GENIUS Act, the Clarity Act, and the Anti-CBDC Surveillance Act. Together, these bills aim to bring transparency, legal certainty, and innovation support to the fast-growing crypto sector.

The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins), already passed by the Senate, would require all U.S. stablecoins to be fully backed by dollars or similarly liquid assets. It also mandates annual audits for issuers with over $50 billion in market cap and sets clear rules for foreign issuance.

The Clarity Act seeks to prevent regulatory overreach by federal agencies, ensuring that only Congress can define the legal status of crypto assets. Meanwhile, the Anti-CBDC Surveillance Act aims to ban the Federal Reserve from issuing a central bank digital currency, citing concerns about privacy and financial surveillance.

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This marks a sharp reversal from the previous administration under Joe Biden, where regulators pursued an aggressive legal approach against crypto firms. President Trump now supports a more innovation-friendly regulatory framework.

Market reaction has been swift. Bitcoin hit a new all-time high above $123,000, and Ethereum surged to a five-month peak near $3,050. The total crypto market cap has now surpassed $3.8 trillion, reflecting renewed confidence among investors and institutions.

If passed, these legislative moves could usher in a new era of crypto regulation in the U.S., centered on security, clarity, and technological sovereignty.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.