US Crypto Bills Enter Crucial Phase: What They Contain and How They Could Impact the Industry

The US government and Congress are currently deliberating three major cryptocurrency bills that could mark the first-ever federal regulatory framework for digital assets. The legislative package, dubbed “Crypto Week,” includes the GENIUS Act, the Digital Asset Market Clarity Act (CLARITY), and the Anti-CBDC Surveillance State Act. If passed, these bills would reshape the legal and industrial landscape for crypto in the United States.

Key Provisions of the Three Crypto Bills

1. GENIUS Act (Stablecoin Regulation)
This bill establishes a legal framework for stablecoin issuance, requiring full reserve backing in US dollars and Treasuries, regular audits, and public transparency. The bill passed the Senate on June 17, 2025, with a 68–30 vote and now awaits approval in the House before being sent to President Donald Trump.

2. Digital Asset Market Clarity Act (CLARITY)
This bill seeks to end regulatory uncertainty by clearly defining whether digital assets should be classified as securities (under SEC jurisdiction) or commodities (under CFTC oversight). This step is considered crucial to protect investors while fostering industry growth.

3. Anti-CBDC Surveillance State Act
This bill prohibits the Federal Reserve from issuing a retail central bank digital currency (CBDC), citing concerns over privacy violations and excessive government surveillance. It is seen as a direct response to fears surrounding the proposed “digital dollar.”

Crypto Week: Legislative Process and Political Drama

This week, the House conducted a marathon procedural vote lasting nearly 10 hours, setting a new record. The process initially stalled when 13 GOP members opposed the omnibus package over the absence of guaranteed amendments related to the Anti-CBDC Act. However, through a “reconsider” mechanism, the House eventually passed the motion 217–212 after the package incorporated provisions linking the Anti-CBDC Act to the National Defense Authorization Act (NDAA).

Next steps: The GENIUS Act is expected to face a final vote on Thursday, followed by the CLARITY Act next week (CoinDesk, The Block).

Market Response: Crypto Surges, Related Stocks Jump

The development triggered immediate market optimism:

• Bitcoin approached $120,000 (+2–3%).

• Ethereum surged by around 8%.

• Stablecoin issuers like Circle saw stock gains of 14–17%.

• Coinbase also posted significant increases (Investopedia, Business Insider).

Analysts believe clear regulations could accelerate stablecoin adoption by banks and retailers, boosting institutional confidence in digital assets (Reuters).

Roadblocks, Criticism, and Political Support

Despite progress, challenges remain. Earlier, a procedural vote failed 196–223 due to internal Republican divisions. However, President Trump’s endorsement on Truth Social shifted the dynamics, rallying GOP support for the revised bill package.

Long-Term Implications

• Regulatory Clarity: Strengthens consumer protection through audits, full reserves, and restrictions on excessive surveillance.

• Market Confidence: Provides legal certainty for investors and opens the door for stablecoin integration into traditional financial systems.

• US Global Positioning: Proactive regulation could position the United States as a leading hub for crypto innovation, ending years of legal uncertainty (CCN).

The US crypto bills mark a critical milestone in the evolution of digital asset regulation. With executive backing and political compromise, this legislative package could transform the industry by providing legal clarity, fostering innovation, and safeguarding public privacy. Positive market reactions signal optimism that “Crypto Week” may become a historic turning point for America’s digital financial ecosystem.