The U.S. House of Representatives is currently observing 'Crypto Week', a focused legislative push that began on July 14 to debate and vote on key bills related to digital assets. As discussions continue, focus has shifted to proposals that may establish the regulatory landscape for cryptocurrencies, Stablecoins and central bank digital currencies (CBDCs).
U.S. President Donald Trump also shared an update on the GENIUS Act, one of the important laws being reviewed this week.
Trump Pushes GENIUS Crypto Bill
In a post, U.S. President Donald Trump said he was in the Oval Office with 11 of the 12 members of Congress required to pass the GENIUS Act, and that they had agreed to vote the following morning in favor of the rule. He added that House Speaker Mike Johnson joined the meeting via telephone and supported holding the vote as early as possible.
However, a procedural vote on the crypto bills had been blocked earlier in the day, according to Reuters, delaying immediate progress.
Three Key Bills Drive Crypto Week
The GENIUS Act is one of three major cryptocurrency proposals presented during the U.S. House's Crypto Week. It aims to create a clear regulatory framework for digital assets, including stablecoins, trading platforms, and consumer protection. The bill is part of an overall effort to improve legal clarity and worldwide competitiveness in the US crypto industry.
The two other bills are the CLARITY Act, crafted by the Financial Services and Agriculture Committees to outline a regulatory structure for digital assets, and the Anti-CBDC Surveillance State Act, which aims to prevent the launch of a U.S. central bank digital currency to safeguard financial privacy.
In an earlier post, Trump welcomed Crypto Week and said the GENIUS Act would position the U.S. as the top global leader in digital assets. He said the bill would put the country “lightyears ahead of China, Europe, and all others,” and urged Republicans to support it as part of strengthening the U.S. position in the global digital economy.
The legislative developments during Crypto Week are likely to influence the direction of U.S. digital asset policy.
