The backdrop for this thematic week is the recent passage of Donald Trump’s “One Big Beautiful Bill,” which promises lower taxes and a higher debt ceiling of up to $5 trillion. Market analysts see the move as crypto-friendly, increasing optimism that US regulatory policy will remain supportive of digital assets.
GENIUS Act: Accelerating Stablecoin Adoption
The GENIUS Act, already approved by the Senate in late June, is the centerpiece of the House’s digital asset agenda. The bill aims to create a regulatory framework for stablecoins, paving the way for US banks to issue and integrate them into their operations. Tether, the leading stablecoin issuer, is already investing billions in US Treasuries, anticipating regulatory clarity. Should the bill pass, analysts predict the stablecoin market could grow tenfold—well beyond its current capitalization of $258.9 billion, according to CoinMarketCap.
Stablecoin market capitalization tops $258B. Source: CoinMarketCap CLARITY Act: Defining the Crypto Regulatory Landscape
The CLARITY Act is designed to establish a comprehensive regulatory framework for digital assets, with a particular emphasis on consumer protection and clear token classification. The bill proposes explicit criteria to separate cryptocurrencies into either securities or commodities. While the crypto industry has broadly welcomed the measure, some experts warn that the proposed definitions may be too vague, leaving room for interpretation and uncertainty.
Anti-CBDC Surveillance State Act: Blocking a US Digital Dollar
The Anti-CBDC Act, also on the House’s agenda, seeks to prevent the introduction of a US central bank digital currency (CBDC). The initiative—backed by Donald Trump, who has labeled CBDCs “tools of surveillance”—aims to restrict the Federal Reserve from issuing a digital dollar. The bill is currently stalled in committee, with no recent updates over the past three months, but is expected to be debated during Crypto Week.
Implications for Crypto Investors
With the US poised to debate and potentially enact foundational crypto regulations, all eyes in the digital asset industry will be on Washington next week. Any significant changes to the US regulatory environment are likely to ripple through the global crypto market, influencing both sentiment and capital flows.