Congress Moves on Key Crypto Bills as Lawmakers Clash Over Digital Future
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Regulations This week, U.S. lawmakers are diving into a series of high-stakes discussions that could reshape the nation’s approach to crypto regulation. Nicknamed “Crypto Week,” the five-day legislative push is drawing attention from across the industry, with several bills poised to either solidify America’s crypto leadership—or stall it. At the heart of the debate are three major proposals. The GENIUS Act, which has already passed the Senate, could soon become the country’s first law governing stablecoins. It aims to establish clear rules for issuance and oversight, giving the sector long-awaited legal certainty. Alongside it, the CLARITY Act seeks to end years of jurisdictional confusion between the SEC and CFTC, drawing clearer boundaries over who regulates what. Not everyone is cheering. A faction of Democratic lawmakers, led by Representatives Maxine Waters and Stephen Lynch, have branded the week as “Anti-Crypto Corruption Week,” pushing back against what they see as a rushed attempt to deregulate. One of the more controversial proposals is the Anti-CBDC Surveillance State Act, designed to block the creation of a U.S. central bank digital currency. Supporters argue it’s a necessary step to protect financial privacy, while critics warn it could limit future monetary innovation. Bo Hines, a senior adviser on digital asset policy, called this week a turning point, suggesting the outcomes could define whether the U.S. becomes a hub for blockchain innovation or falls behind more agile jurisdictions. With both momentum and resistance building on Capitol Hill, the future of U.S. crypto regulation may be decided in just a few pivotal days. Author Alexander Stefanov Reporter at Coindoo Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles…
Filed under: News - @ July 12, 2025 10:25 am