The United States House of Representatives have OFFICIALLY set this week as “Crypto Week”. More specifically, Monday July 14 2025 – Friday July 18 2025. This is an epic historical moment for Cryptocurrency as a whole that may define and redefine regulatory changes, specifically for the United States. This could have global effects and implications as other nations may learn from this experience and decisions made this week. I wish they called it “Cryptocurrency Week” to make it more official instead of a shortened “Crypto Week” which makes it feel like it’s a fad or not as important in my opinion. Nonetheless, I don’t think any of us can complain that they are scheduling an ENTIRE week for cryptocurrency discussions, which is a historical moment for the United States cryptocurrency space.

What is “Crypto Week”?

The United States House of Representatives has scheduled this week as “Crypto Week” to discuss and focus on all things cryptocurrency and related regulations and bills. They want to be the leaders for digital assets innovations and regulations while considering protection of the consumers and financial freedoms, or so they say. The week will include three major debates for “industry friendly” bills: Anti-CBDC Surveillance State Act, GENIUS Act, and CLARITY Act. We will get into more details on the Acts soon below. The hype and forecasted positive impact of Crypto Week in the cryptocurrency space has led a Bitcoin rally to new All Time Highs as well as a significant surge in cryptocurrency related stocks such as Coinbase, Micro Strategy, Block, Robinhood (unfortunately… I still have a long lasting bitter taste in my mouth anytime Robinhood is mentioned haha) and more.

Let us get into the nitty gritty of the major legislations that will be under debate this week:

Digital Asset Market Clarity Act (CLARITY Act)

· H.R. 3633 - CLARITY Act

· During last month, June 2025, the act passed the committees vote and is slated for a full House vote this week.

· CLARITY Act hopes to define what a digital commodity is. Excludes stablecoins, derivatives, and securities!

· Act will grant the Commodity Futures Trading Commission (CFTC) authority of digital commodities while the Securities and Exchange Commission (SEC) will have authority over investment contracts and securities related to cryptocurrency.

· Bill includes a mature blockchain exemption, which lets decentralized blockchains to raise capital (limited to a cap of 75 Million USD in a 12 month period) exclusive of Securities and Exchange Commission registration. This change allows for reduced burdens of fundraising for projects that are compliant.

· Bill will require cryptocurrency dealers, brokers, and exchanges to register with the Commodity Futures Trading Commission while remaining compliant of their “strict” guidelines on transparency and protecting consumer assets.

· Bill includes federal preemption for requiring KYC (know your customer) and AML (anti-money laundering) compliance as part of the already prevailing Bank Secrecy Act provisions. In short, this federal rule will supersede any State rules! I don’t agree with KYC… but we will have other non-KYC options hopefully!

GENIUS Act

· During last month, June 2025, the act was passed by the United States Senate.

· GENIUS Act’s primary target is for stablecoins which are cryptocurrencies that are designed to always have the same or consistent value… stable in a sense. They must be pegged to another asset, such as the United States dollar as an example.

· Bill will require stablecoin creators/issuers have their assets backed by a reserve and to maintain the reserve requirement. This will protect consumers from liquidity failures… think Terra’s $LUNA fiasco… I hope this will ensure USDT and the rest of the stablecoins will need to PROVE their reserves!

· If there is a bankruptcy for a stablecoin, the Bill will give repayment rights priority to coin holders first, which hopefully means retail consumers such as you and me (disregard if you are from an institution reading this HAHA)

· Bill prohibits Congress and stablecoin senior execs from issuing stablecoins while they hold their public positions!

· Bill enforces anti-money laundering and anti-terrorism sanctions on stablecoin issuers.

Financial Innovation and Technology for the 21st Century Act (FIT21)

· FIT21 passed the House vote way back in 2024 from BOTH major parties (Democrats and Republicans).

· Bill is focused on bringing more clarity to regulations of digital assets which may include labeling tokens as commodities or securities (which I don’t agree with, cryptocurrency should be neither right?).

· Bill will classify the digitalized assets coming from decentralized blockchains as a commodity under CFTC regulations while less decentralized digitalized assets will stay under SEC regulations (again, I don’t agree with this classification and I’m extremely curious what requirements they will decide on that determines a decentralized token versus a “less” decentralized token).

· Bill will require decentralized blockchains to undergo a certification process.

· Bill will require both the CFTC and the SEC to create more rules for anti-fraud in regards to cryptocurrency and digital assets specifically.

I am extremely excited that lawmakers and House leaders have designated an entire week for cryptocurrency discussions, promoting growth and innovation friendly agendas as a digital assets leader globally! This is a huge step forward towards mass adoptions of cryptocurrency and no nation can ignore cryptocurrencies any longer.

My hope is that these bills will offer clear, or at least clearer, legal certainty and promote innovations. As we see nations discussing stablecoins, we definitely need clearer rules for consumer confidence and to thwart future failures of current and new stablecoins. For example, I don’t know how Tether USDT has not proved that it’s backed by reserves (cash, equivalents, and Treasury Bills) and just hopes that we will take their “word” for it… Overall, I hope CBDCs are blocked for greater privacy for digital currencies.

What are your thoughts on Crypto Week and do you have any hopeful or expected impacts from the possible bills?