Crypto Week Momentum Builds as U.S. House Clears Key Legislation

On July 16, 2025, the U.S. House of Representatives took a decisive step toward regulating digital assets by advancing three significant pieces of legislation during what’s being labeled as ‘Crypto Week.’ These include the GENIUS Act, which targets stablecoin transparency and compliance, the CLARITY Act designed to resolve oversight conflicts between the SEC and CFTC, and the Anti-CBDC Surveillance Act, which would prevent the Federal Reserve from introducing a central bank digital currency. 

The GENIUS Act proposes strict rules for stablecoin issuers, including full asset backing and third-party audits. The CLARITY Act is focused on eliminating jurisdictional ambiguity that has long plagued crypto regulation in the U.S., particularly over whether the SEC or the CFTC should regulate various tokens. Finally, the Anti-CBDC Surveillance Act seeks to halt any development of a digital dollar, citing concerns over potential government overreach and user privacy. 

This legislative momentum is supported by former President Donald Trump, who has embraced a pro-crypto stance and recently called himself the ‘crypto president.’ According to Business Insider, at least eleven lawmakers have switched their stance in support of the GENIUS Act, which adds political weight to the legislation’s advancement. 

Crypto markets responded positively to this clarity. Bitcoin surged nearly 2 percent to approach the $120,000 mark, while Ethereum rose by over 8 percent to trade at $3,288. Equity markets also reflected this optimism as shares of Coinbase and Circle posted gains. These price movements are seen as a reflection of market confidence that long-awaited regulatory clarity may finally be arriving. 

Analysts are now closely watching the Senate’s next moves. If these bills pass both chambers, it would mark a historic pivot in how the U.S. handles digital assets, moving from a fragmented enforcement-based approach to one built on statutory frameworks and proactive policy. 

Recap:

On July 16, the U.S. House advanced key crypto bills as part of Crypto Week. The GENIUS, CLARITY, and Anti-CBDC Acts signal a new phase in digital asset regulation. Markets reacted positively, with Bitcoin and Ethereum showing significant gains.