{"id":36693,"date":"2025-07-14T07:31:32","date_gmt":"2025-07-14T07:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=36693"},"modified":"2025-07-14T07:31:32","modified_gmt":"2025-07-14T07:31:32","slug":"us-lawmakers-kick-off-crypto-week-what-you-need-to-know","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=36693","title":{"rendered":"US Lawmakers Kick Off \u2018Crypto Week\u2019\u2014What You Need To Know"},"content":{"rendered":"
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When the House of Representatives gavels in today, the chamber will devote its entire floor schedule to what Republican leaders are calling \u201cCrypto Week,\u201d a coordinated push to vote on three high-profile digital-asset bills: the Senate-passed Genesis of Electronic Notes and Issuance Under Supervision (GENIUS) Act, the Anti-CBDC Surveillance State Act, and the Digital Asset Market Clarity (CLARITY) Act. Majority Leader Steve Scalise cast the moment in sweeping terms, saying the package \u201cfurther[s] the President\u2019s pro-growth and pro-business agenda, and provide[s] a clear regulatory framework for digital assets.\u201d<\/p>\n

The intra-Republican debate burst into the open late last week when Ohio Republican Warren Davidson warned in a post on X that the sequencing chosen by party leaders could backfire. \u201cCrypto Week next week in the House,\u201d he wrote<\/a> on 11 July. \u201cThe Senate\u2019s GENIUS Act<\/a> to regulate stablecoins should be amended\u2026 Instead, they want to pass it without amendments\u2026 Without the CBDC ban, CBDC delivery architecture would be in place, and nothing would protect self-custody. For this reason, I will oppose the GENIUS Act.\u201d<\/p>\n

Davidson\u2019s chief fear is that the narrower stablecoin bill will sail to the President\u2019s desk while the broader market-structure and CBDC measures stall in the Senate, leaving what he calls a \u201chollowed-out\u201d framework in place. The episode exposes a rift between members who prize incremental wins\u2014especially a federal stablecoin statute many lobbyists have sought for years\u2014and libertarian-leaning lawmakers who see a CBDC ban<\/a> and explicit protections for self-hosted wallets as existential.<\/p>\n

What Each Crypto Bill Does, And Where It Stands<\/h2>\n

Stablecoins.<\/strong> The GENIUS Act, which cleared the Senate 68-30 in June, would require any issuer of a crypto stablecoin to hold reserves \u201cbacked one-to-one by US currency or other similarly liquid assets\u201d and to publish a monthly breakdown of those reserves. Because the bill has already passed the upper chamber, a clean House vote would send it directly to President Trump, who has publicly promised to sign it.<\/p>\n

CBDCs.<\/strong> The Anti-CBDC Surveillance State Act (H.R. 1919) would prohibit the Federal Reserve<\/a> from \u201cusing a central bank digital currency to implement monetary policy\u201d and bar any Fed-issued retail CBDC altogether. The bill advanced from committee in May but lacks a Senate companion with the 60 votes needed to overcome a filibuster\u2014precisely the bottleneck Davidson and other skeptics highlight.<\/p>\n

Market structure.<\/strong> The 236-page CLARITY Act carves crypto assets into three buckets\u2014securities, commodities, and \u201cpermitted payment stablecoins\u201d\u2014and removes the last two from the statutory definition of a security. Section-by-section summaries note that the measure directs the SEC and CFTC to write parallel rulebooks and creates provisional registration regimes for exchanges, brokers, and custodians. Unlike GENIUS, CLARITY has not yet been taken up in the Senate; Banking Committee Chair Tim Scott has promised a hearing \u201cby the end of September,\u201d but no legislative text exists in that chamber.<\/p>\n

Democrats, who were pivotal in sending GENIUS through the Senate, are signaling sharper resistance in the House. Rep. Maxine Waters, the ranking Democrat on Financial Services, derided the GOP branding as \u201c\u2018Anti-Crypto Corruption Week,\u2019 calling all three bills dangerous pieces of crypto legislation.\u201d<\/p>\n

The legislative drumbeat has coincided with a fresh all-time-high in Bitcoin above $121,000 and a rally in altcoins. Independent trader Cas Abb\u00e9 summed up the mood via X: \u201cUS House has designated July 14\u201318 as \u2018crypto week\u2019\u2026It\u2019s expected that all of them will be passed in 2025, which will set the stage for a massive rally.\u201d<\/p>\n

At press time, the total crypto market cap was at $3.75 trillion.<\/p>\n

\"Total<\/div>\n","protected":false},"excerpt":{"rendered":"

When the House of Representatives gavels in today, the chamber will devote its entire floor schedule to what Republican leaders are calling \u201cCrypto Week,\u201d a coordinated push to vote on three high-profile digital-asset bills: the Senate-passed Genesis of Electronic Notes and Issuance Under Supervision (GENIUS) Act, the Anti-CBDC Surveillance State Act, and the Digital Asset […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-36693","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36693"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/36693\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}