The U.S. House of Representatives is advancing two major cryptocurrency bills this week in what’s being dubbed “Crypto Week,” potentially marking a historic moment for digital asset regulation. Key among them is the Digital Asset Market Clarity Act, a comprehensive bill aimed at creating a clear regulatory framework for crypto markets. The House is expected to vote on it Wednesday, with bipartisan support likely. Its predecessor, the FIT21 Act, had drawn backing from 71 Democrats, and lawmakers are pushing for even broader support this time to strengthen the bill’s momentum as it heads to the Senate.
Senator Tim Scott, chair of the Senate Banking Committee, indicated the Clarity Act will influence the Senate’s version, though lawmakers there may pursue their own language. Negotiations are expected, and some analysts doubt a final deal will be reached before year-end.
Meanwhile, the House is tentatively scheduled to vote Thursday on the stablecoin-focused GENIUS Act, which has already passed the Senate with broad bipartisan approval. If cleared, it will head directly to President Trump’s desk, becoming the first major U.S. law governing stablecoins like USDC and USDT. The bill sets regulatory guardrails for issuers and represents a significant step in formalizing stablecoin oversight.
Additionally, the House plans to vote Wednesday on legislation to ban a U.S. central bank digital currency (CBDC), with Republicans arguing it could compete with private stablecoins and increase government surveillance. While the Fed has made no formal move toward issuing a digital dollar, this bill would preemptively block such efforts.
With multiple votes on crypto regulation expected this week, industry insiders are calling it the most consequential week yet for digital assets on Capitol Hill.
Comment 0