As the crypto week enters day two, the U.S. House of Representatives is advancing three major crypto-related bills, with final votes expected as early as Wednesday or Thursday. The vote will set the terms for floor debate on the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. These moves make the crypto week an important moment for digital asset legislation.
House Set for Procedural Vote on Crypto Reform Bills
According to Majority Leader Steve Scalise’s schedule and confirmations by Rep. Eleanor Terrett on X, a procedural vote will be held today, July 15. If approved by the House this crypto week, the GENIUS Act will head directly to President Trump’s desk.
However, the CLARITY Act and the Anti-CBDC bill will be forwarded to the Senate. All three bills cleared the House Rules Committee on July 14, moving them one step closer to full passage.
During a Rules Committee hearing, Rep. French Hill emphasized the urgent need for reform in the digital asset space. He also noted that crypto week is a landmark opportunity to modernize U.S. crypto oversight.
Hill spoke on the CLARITY Act (H.R. 3633) as contained in a video shared by the Financial Services Committee on X. He described the current U.S. regulatory environment as “broken” and warned that America risks falling behind global markets.
Hill said the bill aims to stop regulation-by-enforcement and create a durable, bipartisan framework for digital asset oversight. He added that the bill builds on years of bipartisan work, including feedback from regulators and market participants. This is a key legislative push during crypto week.
Rep. Hill Backs Anti-CBDC and GENIUS Acts as House Moves Forward on Crypto Legislation
The legislator also made remarks about the Anti-CBDC Surveillance State Act (H.R. 1919). He said the bill is necessary to prevent the Federal Reserve from issuing a retail central bank digital currency (CBDC).
However, they can only do so with Congressional approval. He argued that such a move would give the government excessive control over Americans’ financial lives and threaten privacy. The debate is a central theme of crypto week.
Hill also spoke in support of the GENIUS Act, saying the Act provides the legal certainty needed to encourage innovation. He added that it preserves the dollar’s global reserve status.
According to him, the bill draws from earlier House efforts to regulate stablecoin issuers under strong consumer protection guidelines. These efforts have come together during crypto week, highlighting bipartisan engagement in the House. This development confirms an earlier CoinGape report that the US House will take major steps regarding the GENIUS and CLARITY Acts during the ‘crypto week.’
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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