US House Kicks Off ‘Crypto Week’ With Votes on Landmark Digital Asset Bills

The US House of Representatives launched “Crypto Week” today, advancing three pivotal cryptocurrency bills through the Rules Committee that could reshape America’s digital asset regulatory landscape

Zoran Spirkovski By Zoran Spirkovski Marco T. Lanz Editor Marco T. Lanz Updated 3 mins read
US House Kicks Off ‘Crypto Week’ With Votes on Landmark Digital Asset Bills

Key Notes

  • The US House began 'Crypto Week' on July 14 to vote on three major digital asset bills.
  • The bills cover market structure (CLARITY Act), stablecoins (GENIUS Act), and a ban on a US CBDC.
  • The process begins with a House Rules Committee meeting before moving to a full floor vote this week.

The US House of Representatives has officially started its “Crypto Week” today, July 14, setting the stage for floor votes on three major pieces of legislation that could define the future of digital asset regulation in the country.

The legislative process formally begins today at 4:00 PM ET with a key meeting in the House Rules Committee. According to the official announcement, the committee will set the terms for debate on the Digital Asset Markets Clarity Act (CLARITY Act), the GENIUS Act for stablecoins, and the Anti-CBDC Surveillance State Act.

Ahead of the votes, House Financial Services Committee Chairman French Hill stated the bills aim to establish clear “rules of the road” for the industry. In a press release covering his July 13 television appearance, he noted the legislation would clarify asset classifications and improve consumer protection.

Bills Face Different Paths to Becoming Law

If the bills pass the Rules Committee, they will advance to the full House floor for a final vote later this week, where each needs a simple majority. Should they pass the House, their paths will diverge. The GENIUS Act, having already cleared the Senate, would head to the president’s desk, while the other two bills would proceed to the Senate.

The initiative aims to end the “mismatch of rules by enforcement” that Hill says has characterized the regulatory environment. He expressed a view that the legislation will help position the United States as a leader in financial technology and digital asset innovation.

Industry participants have shown support for the legislative push. The Blockchain Association, for example, has urged the swift passage of the GENIUS Act, calling it a “historic, bipartisan step toward regulatory clarity.”

For those wishing to follow the developments, the official House Rules Committee website provides the full text of all three bills and their proposed amendments. The committee hearing will also be available to watch live via its official video feed.

Watch live here:

UPDATED at 4:07 AM ET on July 16: House Blocks Digital Asset Bills After Rejecting Debate Rules

The House of Representatives has blocked three major digital asset bills from advancing to a final vote this week after the full chamber rejected the resolution that set the terms for their debate. In a vote on Tuesday afternoon, H. Res. 580 was defeated 196-223, halting the legislative path for the GENIUS Act (S.1582), the CLARITY Act, and the Anti-CBDC Act.
The defeated rule, which was approved by the Rules Committee on Monday, had proposed restrictive debate terms for all three bills.

It would have granted a “structured rule” to the CLARITY Act, which allows only one pre-approved amendment, while assigning a “closed rule” to both the GENIUS Act and the Anti-CBDC Act. During the floor debate on the rule, Democrats argued the bills contained provisions that created financial conflicts of interest, a claim Republicans dismissed as a partisan distraction.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Zoran Spirkovski

As a Web3 marketing strategist and former CMO of DuckDAO, Zoran Spirkovski translates complex crypto concepts into compelling narratives that drive growth. With a background in crypto journalism, he excels in developing go-to-market strategies for DeFi, L2, and GameFi projects.

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