House Announces Week of July 14th as “Crypto Week”
Washington,
July 3, 2025
Today, House Committee on Financial Services Chairman French Hill (AR-02), House Committee on Agriculture Chairman GT Thompson (PA-15), and House Leadership announced that the week of July 14th will be “Crypto Week.” The House of Representatives looks forward to considering the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act as part of Congress’ efforts to make America the crypto capital of the world. “We are taking historic steps to ensure the United States remains the world’s leader in innovation and I look forward to ‘Crypto Week’ in the House. After years of dedicated work in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework for digital assets that safeguards consumers and investors, provides rules for the issuance and operation of dollar-backed payment stablecoins, and permanently blocks the creation of a Central Bank Digital Currency (CBDC) to safeguard Americans’ financial privacy,” said Chairman Hill. “I thank my colleagues in Congress and the Trump Administration for their partnership and leadership and stand ready to work alongside the Senate as they work to advance standalone market structure legislation by the end of September.” “House Republicans are taking decisive steps to deliver the full scope of President Trump’s digital assets and cryptocurrency agenda,” stated Speaker Mike Johnson (LA-04). “During 'Crypto Week,' the House looks forward to the timely consideration of three landmark pieces of legislation: the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act. I commend the close partnership between the Financial Services and Agriculture Committees and the leadership of Chairmen French Hill and GT Thompson, and I look forward to President Trump signing them into law.” “As part of our work to deliver on President Trump’s promise to make the United States the world leader in digital assets, House Republicans will bring the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act to the floor for ‘Crypto Week.’ These pieces of legislation further the President’s pro-growth and pro-business agenda, and provide a clear regulatory framework for digital assets,” added Majority Leader Steve Scalise (LA-01). “I’d like to thank Financial Services Committee Chairman French Hill and Agriculture Committee Chairman GT Thompson for their leadership on this issue and look forward to getting these pieces of legislation to the President’s desk.” “This is a historic opportunity for the United States. After years of work, American innovators are one step closer to having the clarity they need to build here at home while ensuring the future of the digital economy reflects our values of privacy, individual sovereignty, and free-market competitiveness,” said Majority Whip Tom Emmer (MN-06). "By sending these three pieces of legislation to President Trump’s desk, we will protect Americans’ right to financial privacy and deliver on our promise to make the United States the crypto capital of the world. A new day for American excellence has finally arrived, and now it’s time to get the job done.” “I am pleased the House will consider the CLARITY Act, among other digital asset-related bills, this month. As I have said before, digital asset market structure legislation is long overdue. During many hearings, roundtables, and other events, we have heard from countless innovators, creators, professors, lawyers, and constituents,” stated Chairman Thompson. “Time and again, we have heard the calls for regulatory clarity and certainty in this ecosystem. The House Agriculture and Financial Services Committees worked together to deliver CLARITY, and it will soon be time for the House to deliver for the American people and send CLARITY to the Senate. I thank House Leadership for recognizing the urgent need for CLARITY to cement American leadership in the digital asset space.” “The House’s action marks a historic milestone in our efforts to deliver a clear, pro-innovation framework for digital assets. I commend my colleagues in the House for advancing stablecoin legislation, and I look forward to seeing GENIUS enacted into law," added Chairman Tim Scott (R-SC). “Under President Trump’s leadership, we have a real opportunity to cement American dominance in digital asset innovation while protecting consumers and preserving financial freedom. I look forward to working hand in hand with the House to usher market structure legislation through the Senate and ensure the United States leads the future of digital assets.” "I'm very pleased to see the House continue to advance its approach to a clear market structure for digital assets. I look forward to continued work on this important objective with Chairs Hill and Thompson and my colleagues here in the Senate," said Chairman John Boozman (R-AR). “2025 is set to be a pivotal year for digital asset legislation, and next week marks a pivotal milestone in this agenda. I commend Chairman Hill, Chairman Steil, and the rest of my colleagues in the House for moving at pace next week to pass these three critical bills. These pieces of legislation are vital to ensuring America is at the forefront of innovation in the digital asset space. I look forwarding to enacting the GENIUS act into law, and to working with my colleagues to move the CLARITY act through the Senate in short order,” stated Senator Bill Hagerty (R-TN). "For the first time in U.S. history, we have a president who sees the value in embracing digital assets, and already we are working to capitalize on that,” said Senator Cynthia Lummis (R-WY). “In Wyoming, we have worked for nearly a decade to embrace digital assets, and it is exciting to see the federal government beginning to follow in the Cowboy State’s footsteps. As we celebrate crypto week, I am thrilled to partner with Chairman Hill and Chairman Thompson to pass comprehensive stablecoin legislation, establish clear market structure rules, and ensure that any central bank digital currency respects Americans’ privacy and financial freedom. Together, we are going to maintain America’s competitive edge and ensure the United States remains the global leader in financial technology while preserving the principles that make our economy the strongest in the world.” “The golden age of digital assets is here, and the U.S. will lead,” said Rep. Bryan Steil (WI-01). “Passing stablecoin and market structure legislation, alongside a CBDC ban, will ensure the U.S. wins the Web3 race. This package encourages the innovation and development of Web3 businesses here in the United States, protects consumers from fraud, and allows us to outcompete our adversaries, ensuring America dominates the future of blockchain technology.” “Digital assets will soon transform every industry and the time is now to bring commonsense regulation to blockchain technology to allow that innovation to grow and thrive. I look forward to 'Crypto Week' to pass the CLARITY Act and the Senate’s GENIUS Act, and to prevent a central bank digital currency so America can be the leader in digital asset development,” stated Rep. Dusty Johnson (SD-AL). “I’m grateful for the hard work and partnership of Whip Emmer, Chairmen Hill, Thompson, and Steil in the House and Senators Bill Hagerty, Tim Scott, Kirsten Gillibrand, and Cynthia Lummis on digital asset legislation.” Further Background on the Committee’s work on digital asset legislation:
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