The week of July 14th, 2025 was dubbed “Crypto Week” by House Republicans. However, the expectations of passing the CLARITY Act, the Anti-CBDC Surveillance State Act, and the Senate’s GENIUS Act fell short.
The CLARITY Act, Anti-CBDC Surveillance State Act, and GENIUS Act are three U.S. legislative proposals addressing cryptocurrency and digital asset regulation as of July 15, 2025. The CLARITY Act (Digital Asset Market Clarity Act) aims to create a clear regulatory framework by dividing oversight of digital assets between the SEC and CFTC, categorizing them as securities, commodities, or stablecoins, and has passed key House committees. The Anti-CBDC Surveillance State Act seeks to ban the Federal Reserve from issuing a Central Bank Digital Currency, prohibiting direct or indirect CBDC distribution and any related studies to protect financial privacy. The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins) establishes a federal framework for payment stablecoins, treating large issuers like banks to ensure consumer protection and financial stability, and has passed the Senate. These bills, part of the House’s “Crypto Week,” reflect efforts to regulate market-driven digital assets while blocking government-controlled digital currencies, though progress varies due to procedural and political challenges.
Several conservative Republicans joined with Democrats in blocking a procedural vote to allow consideration of the three crypto bills as part of a dispute over how the measures should be packaged and considered.
I support crypto but cannot get behind anything that allows for a backdoor to CBDC. There was a vote to allow legislation to come to the floor that would enable that to happen. Thus I voted no.
— Rep. Anna Paulina Luna (@RepLuna) July 15, 2025
Happy to support any pro-crypto bill, but I will NOT back CBDC’s.
Bitcoin dropped from its all time high of $123,000 as a result.
