US legislators can actually get a crypto bill for the president’s desk. The house is set to vote on market structure and stablecoin legislation next week, which will bring the United States an important step closer to drawing up new rules for the industry.
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The story
The US Representative House is set to vote on a market structure bill, a stablecoin bill and a bill prohibiting a US central bank’s digital currency next week. It is perhaps too early to suggest that the industry will put in a bigger victory – but all signs show that US President Donald Trump will sign a stablecoin bill in the law before the exit in August as his team has been searching since February.
Why it matters
The Crypto industry has long sought “legislative clarity” on its own terms -previous rule proposals that it disagreed with was deeply against, and the industry’s political action committee poured tens of thousands of millions of dollars in the 2024 elections to try to create a congress that would be vener for cryptop policies.
Next week, these endeavors may pay off, as the Representant House is ready to vote on a stablecoin bill that may be allowed within weeks and a market structure bill that can come to the White House before Christmas.
Breaks down it
The House of Representatives called next week – July 14 to July 18 – “Crypto Week.” The main event will be the house’s vote on and expected passage of “Digital Asset Market Clarity Act of 2025” (Clarity)Anti-CBDC Surveillance ACT and “Guidance and Establishing National Innovation for US StableCecoins from 2025” (Genius).
House Rules Committee is scheduled to meet on Monday at. 16:00 one to discuss each of the bills. This means that there may be a floor poll where the whole house will vote before Tuesday. Although there was some discussion about packaging of clarity and genius actions in a larger bill, it seems that there will instead be separate voices for each of the bills. If the Genius Law receives its own vote, US President Donald Trump can sign it in the law as soon as next Friday or the following Monday I will be told, but at this time none of this is confirmed (and of course depends on the actual house voice).
In particular, the House Financial Services Committee confirmed on Thursday that Parliament would vote on the brilliant bill sent to it by the Senate, and not its own “stableecoin transparency and accountability for a better headbox economy” (Steady action)As previously reported by Coindesk’s Jesse Hamilton.
It is likely that all three bills will pass and with Bipartisan majorities.
To summarize: Clarity ACT will create a framework for how different cryptocurrencies are treated by federal regulators, including Securities and Exchange Commission and Commodity Futures Trading Commission.
There is no Senate’s counterpart to this bill yet, although the Senate Bank Committee has already held several hearings about market structure, and the Senate Agricultural Committee has planned a consultation for this coming Tuesday on the same topic. Bank committee chairman Tim Scott previously said he expects the Senate to end his market structure work by September 30.
House’s last effort to adopt market structure law, last year’s financial innovation and technology for the 21st century law, so massive top species support with 279 legislators (208 Republicans and 71 Democrats) Voting for the Bill.
While there is no public whipping count for this year’s version yet, the Clarity Act adopted out of House Agriculture Committee with massive top species support (47-6) and House Financial Services Committee with some Bipartisan support (32-19). Either the number of Democrats and Republicans suggests will vote for the bill on the house.
Genius Act creates a framework to oversee stableecoins. The Senate already passed the genius law, which means that when the house passes it, it goes to Trump’s desk for his signature in the law. This could mark the stableecoin bill as the first major cryptophocused bill to be allowed.
Genius Act could then also be one of the few bills that is not a “must-pass” to review the legislative process, which means it is not a budget bill and it is not the annual National Defense Authorization Act. While Parliament is voting on the Senate version and not its own stable action, updated house text would add some additional rules around stablecoins.
Anti-CBDC Surveillance Act, as its name suggests, would prohibit the US from developing or launching a central bank’s digital currency. The house also adopted a version of this bill in 2024.
In theory, the passage of these bills is positive for the industry. While it may take time for regulators to write and implement rules after these bills have been law, crypto companies will have fixed guidelines within the next few years. Less clear is what these bills can actually do for use or adoption.
A recent publication of Moody’s Ratings suggested that while the passage of the Genius law “will have significant consequences for banks”, but that stableecoins are writing a great “need to offer a convincing advantage over existing consumer and commercial payment systems” to become a more widely accepted transaction tool.
“While there seems to be solid bipartisan political support for US stableecoins, if we assume issuers are prohibited from paying any financial incentive, we see the likelihood of a significant shift in domestic payments against stablecoins as relatively modest,” the report said.
Democrats raise concerns about the potential of these bills’ passage to enable or further corruption, with the committee committee that ranks a member of financial services Maxine Waters and Rep. Stephen Lynch, who points to Trump’s Crypto ventures and their potential to enrich the president.
“These bills act as a brave approval stamp for the obvious abuse of power we witnessed in real time,” Waters said in a statement.
House Ways and Means Committee also holds a consultation on crypto taxation next Wednesday, although it has not shared many details yet.
To summarize the schedule for next week, or if you just want to see it with a moment:
- Monday, July 14, 16:00 One: House Rules Committee meets and discusses the Clarity Act, Genius Act and Anti-CBDC Surveillance Act.
- Tuesday, July 15 at 1 p.m. 15:00 ET: The Senate Agricultural Committee holds a consultation on market structure legislation.
- Tuesday, July 15, Time TBA: Parliament may meet and begin to vote on all three bills mentioned above.
- Wednesday, July 16, 9:00 A: House Ways and Means Committee holds a hearing on crypto taxation.
- Thursday, July 17: Nothing is scheduled (at least right now).
- Friday, July 18: If the house votes to promote genius on Tuesday, there may be a bill signing.
- US HOUSE, which trenches its stableecoin bill to support Trump’s choice from the Senate: The House of Representatives Votes on the Genius act next week, Jesse Hamilton reported, rather than his own stable action.
- Circle has USDC revenue sharing agreement with the second largest Crypto Exchange Bybit: Sources: Circle had previously revealed revenue sharing agreements with Coinbase and Binance, but also has one with Bybit, Coindesk’s Ian Allison reports.
- Europe’s financial watchdog explores Malta over fast mica permits: European Securities and Markets Authority has reviewed how Malta used the markets in crypto assets multinational framework for a named crypto asset service provider after Coindesk’s Ian Allison and Camomile Shumba’s reporting on Malta’s approach.
- Ofac’s fallen sanctions against Tornado Cash cannot come up during the trial, Judge says: A federal judge gave up that the US Ministry of Finance’s department’s now ended sanctions against Tornado Cash cannot come up in Tornado Cash Developer Roman Storm’s criminal trial, which will begin Monday and can last up to four weeks.
- Cracked spikes 5% after us appeals court okays than of another tornado cash trial: However, elsewhere, the eleventh circuit for appeal law for the trial of a lawsuit against Tornado Cash as Moot, considering the end of the sanctions and a separate federal judge, who gave up that the Ministry of Finance Department reintroduced sanctions against Tornado Cash’s Smart Contracts.
- SEC sets the July deadline for Solana Etf recordings, Clearing path for approval before October: The US Securities and Exchange Commission asked applicants for Solana Exchange-traded funds to change their archives at the end of July to solve outstanding problems.
- Bitcoin breaks fresh record topping $ 116,000: Bitcoin hit a new high highlight this week. Coindesk hosted a live blog to track immediate analysis of the news.
- Jack Dorsey reveals Bitchat: Offline, encrypted messaging inspired by Bitcoin: Jack Dorsey announced that he was working on a new peer-to-peer-messaging tool that communicates using Bluetooth and claims to enable encrypted communication. A security researcher shared some concerns about how this could work in practice.
- Former Bitfury Exec Gould confirmed to take over the US Banking Agency OCC: The US Senate confirmed Jonathan Gould as the new controller of the currency. Gold was earlier in the Currency for the Currency and later Head of Legal Officer at the Blockchain company Bitfury.
Tuesday
- 14:30 UTC (10:30 AM) A federal judge held a last personal trial conference for Roman storm.
Wednesday
- 14:00 UTC (10:00 AM) The Senate Bank Committee held a consultation on market structure issues.
- (The nation) Last month, Dubai-based Aqua 1 Foundation said it would invest $ 100 million in the Trump-affiliated World Liberty Financial. However, Aqua 1 does not appear to exist, Jacob Silverman reports in the nation.
- (Wired) McDonald’s uses an AI bot to filter applicants, but this bot may have postponed the applicants’ personal information to any hacker due to “absurd basic security errors”, Wired’s Andy Greenberg reports.
- (New York Times) The Times has a long read in how US President Donald Trump went from being a crypto skeptic to a pro-crrypto president.
- (The Wall Street Journal) GROK, The Great Language Model Artificial Intelligence built by the Xai-II company, associated with X, the company, previously known as Twitter-broadcasting some very anti-Semitic statements, called himself mechahitler and said the actual Adolf Hitler would be the best figure from the 20th century to tackle “Anti-White Hate.” This came just days after the X owner Elon Musk said he made some changes in bot.
- (404 Media) The polyming field became strange after Bettors could not agree on whether or not Ukraine President Volodomyr Zelenskyy had a suit. He wore a form of formal clothing in a recent performance that polymarket pool originally solved as “yes.” Uma -Token Holders contested this decision, and it was later changed to solve the effort as “no.” Derek Guy, an expert on formal clothing and historical styles of clothing, told 404 media that Zelenskyy’s clothing in his opinion qualified as a suit.
If you have thoughts or questions about what to discuss next week or any other feedback you would like to share, feel free to e -mail me at [email protected] or find me at bluesky @nikhileshde.bsky.social.
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See you next week!
