On July 17–18, 2025, the U.S. House of Representatives successfully passed key crypto-related bills—continuing the momentum of “Crypto Week.” Among the highlights:

• The GENIUS Act, establishing a federal regime for dollar-backed stablecoins, advanced with strong bipartisan support.

• The Anti‑CBDC Surveillance State Act passed narrowly, aiming to prevent a Federal Reserve–issued digital dollar.

• The Digital Asset Market Clarity Act clarified agency responsibilities—specifically defining SEC vs. CFTC oversight over different types of digital assets .

These bills represent a unified effort to clarify regulation around stablecoins, protect consumer privacy, and define federal authority over digital asset markets.

The news triggered immediate market enthusiasm:

• Crypto-linked equities edged higher amid institutional optimism.

• Major indices like the S&P 500 and Nasdaq reached new highs, buoyed in part by crypto sector momentum.

• Regulatory clarity: The framework removes ambiguity over digital asset classification and legal oversight.

• Stablecoin mainstreaming: With clear backing obligations, issuers like banks and fintechs can confidently enter the space.

• Upholding financial privacy: The Anti-CBDC Act reflects growing concern over surveillance and central bank digital currencies.

• Global competitiveness: The U.S. joins momentum from the EU and other regions in forging clearer crypto regulation.

• Crypto Week in the U.S. marked a crucial shift—major stablecoin legislation and institutional clarity are now on the horizon. These developments signal a turning point: crypto is transitioning from frontier innovation to regulated finance infrastructure.