U.S. “Crypto Week” Delivers Landmark Bills to Trump’s Desk
This week, Washington marked a turning point for digital assets as lawmakers advanced three major crypto bills—two passed by the House and one, the GENIUS Act, officially signed into law by President Trump—ushering in what many are calling “Crypto Week” on Capitol Hill.
🏛️ 1. GENIUS Act (Stablecoin Regulation)
Passed House 308–122 (and Senate 68–30 earlier in June).
Signed into law on July 18, 2025
Establishes the first federal regulatory framework for stablecoins—requiring issuers to fully back reserves with liquid, low‑risk assets, undergo audits, and maintain transparency.
Supported by banks like JPMorgan, Citi, and Bank of America aiming to issue their own stablecoins—for payments and to level the playing field with tech firms.
Sets the stage for scaling a stablecoin economy projected to reach $2 trillion .
🔍 2. Clarity Act (Digital Asset Market Structure)
Passed House 294–134.
Clarifies whether digital assets are regulated as securities (by the SEC) or commodities (by the CFTC), reducing regulatory uncertainty.
Widely supported by entrepreneurs and investors seeking consistent rules.
🚫 3. Anti‑CBDC Surveillance State Act
Passed House narrowly 219–210.
Prohibits the Federal Reserve from issuing a U.S. central bank digital currency (CBDC), addressing privacy and government overreach concerns.
What’s Next?
GENIUS Act has officially become the first-ever federal crypto law .
Clarity Act and Anti-CBDC Act move to the Senate; if approved, they’ll head to the White House.
🧩 Why It Matters
Consumer confidence: Stablecoin regulation brings transparency and safeguards, encouraging mainstream adoption.
Big banks get on board: Industry heavyweights are now poised to launch their own digital currencies, potentially challenging both crypto-native issuers and retail entrants like Uber.
Regulatory certainty: Defining digital assets’ legal status helps businesses plan compliance and innovation .
Privacy lines drawn: The Anti‑CBDC Act ensures citizens’ digital financial interactions remain outside full government control .
🗣️ Reactions from Both Sides
Crypto advocates describe this week as a watershed moment and see it as validating digital assets in the mainstream economy.
Critics argue there’s still risk—both financial instability and potential conflicts of interest related to Trump’s crypto ties.
Bipartisan backing: Though energized by Trump’s influence, the votes reflected cross-party support—from banking champions to libertarian conservatives.
Bottom Line
This week’s crypto legislation marks the clearest path yet toward national digital asset policy in the U.S. With stablecoin rules, market clarity, and a ban on a government-run digital dollar, the framework balances innovation with consumer safeguards. Trump signing the GENIUS Act, opens the floodgates for institutional crypto adoption, ushering in a new financial era.