Stablecoin Regulation: GENIUS Act Heads to House Vote
The U.S. House of Representatives will host a pivotal “Crypto Week” from July 14 to 18, focused on advancing digital asset legislation. The centerpiece of the debate is the GENIUS Act, a bill allowing private companies to issue U.S.-backed stablecoins.
Already passed in the Senate with a 68-30 vote, the GENIUS Act would mandate one-to-one backing of stablecoins with liquid cash and enable corporate issuance of tokenized dollars. If passed in the House, the bill will head to President Donald Trump’s desk—a vocal supporter who called the measure a way to “make America the UNDISPUTED Leader in Digital Assets.”
Corporate Stablecoins: Amazon and Walmart Show Interest
Corporate America is closely watching the outcome. Retail giants like Walmart and Amazon are reportedly exploring their own stablecoins, which could revolutionize payments. By issuing stablecoins, these companies could bypass credit card networks like Visa and Mastercard, saving billions in transaction fees annually. If the GENIUS Act passes, the move could usher in a new era of retail payments powered by blockchain-based currencies.
Crypto Regulation: Digital Asset Market Clarity Act in Focus
Alongside stablecoin legislation, the House is also expected to consider the Digital Asset Market Clarity Act. This bill seeks to define the regulatory boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Backed by major crypto firms including Coinbase, which has invested in a six-figure ad campaign supporting the bill, the Act would bring much-needed regulatory certainty to crypto companies operating in the U.S.
CBDC Debate: Fed Digital Currency Ban Proposed
Another item on the docket is the CBDC Anti-Surveillance State Act, which aims to ban the Federal Reserve from issuing a U.S. central bank digital currency. Advocates argue that a Fed-issued CBDC poses threats to financial privacy and could give the government too much control over citizens’ financial transactions. The bill reflects growing resistance to government-issued digital currencies among both conservative lawmakers and privacy advocates.
Trump Backs Crypto: Personal Stake in Stablecoin Project
President Donald Trump’s pro-crypto stance continues to influence legislative momentum. Beyond his public endorsements, Trump holds a stake in World Liberty Financial, the issuer of a stablecoin called USD1. His vocal support has helped galvanize Republican backing for crypto-related bills, giving the GOP a digital asset policy platform as part of their broader economic strategy.
Industry Momentum: Coinbase and Grassroots Push
Crypto advocacy groups and companies have ramped up lobbying efforts ahead of Crypto Week. Coinbase, along with other major players, is supporting the Clarity Act and stablecoin legislation through grassroots campaigns and public education. The goal: to mobilize crypto investors and users to urge lawmakers to act quickly, especially before the congressional recess. With over 50 million Americans owning crypto, the industry’s influence in Washington is growing rapidly.
Bitcoin Price Surge: Political Timing Aligns with Market
The timing of Crypto Week coincides with bullish momentum in the crypto market. Bitcoin has climbed from under $80,000 in April to above $110,000 in July, with Ethereum also topping $3,000. The market rally adds urgency to legislative clarity, as more institutional investors enter the space. Lawmakers are feeling pressure to act before further market developments outpace existing regulations.
Legislative Stakes: A Defining Week for U.S. Crypto Policy
Crypto Week 2025 marks a critical inflection point for U.S. digital asset policy. With multiple bills up for debate—each with potential to reshape stablecoin use, market regulation, and CBDC development—this week could define the future of crypto innovation in America.
If successful, the legislation will provide clearer rules, attract global investment, and help cement the U.S. as a leader in blockchain technology. If not, regulatory uncertainty may continue to hinder growth and drive crypto startups overseas.
