On July 14, the Capitol Hill Crypto Policy Week officially began, with the originally House-specific agenda escalating to a legislative feast across the entire Congress. As the Senate Banking Committee prepares a high-level roundtable and is about to release a market structure discussion draft, coupled with intensive industry organization events, the crypto legislative fire has spread throughout the Capitol.
Majority Leader Steve Scalise (Republican-Louisiana) will publish the agenda today, proposing votes on three key Republican-led crypto bills: the GENIUS Act, the CLARITY Act, and the Anti-Central Bank Digital Currency Act. If progress goes smoothly, a stablecoin bill without additional clauses may be sent to the White House this week, with the other two bills to be transferred to the Senate. Notable points include:
The CLARITY Act and the Anti-Central Bank Digital Currency Act, if open to amendments, are expected to trigger multiple rounds of voting and extended debate. The House Rules Committee website has already published some proposed amendments.
This Wednesday, the House Ways and Means Committee Oversight Subcommittee will hold a hearing titled "Making America the World's Crypto Capital: Building 21st Century Digital Asset Policy," focusing on tax policies, reporting rules, and innovation incentives.
Senate Banking Committee Chairman Tim Scott (Republican-South Carolina) will chair the "Future of Digital Assets" congressional roundtable on Thursday morning. Industry leaders such as Cardano founder Charles Hoskinson, Algorand founder Silvio Micali, and former SEC Commissioner Michael Piwowar will discuss topics including regulatory clarity, market compliance mechanisms, and responsible innovation.
The Senate version of the CLARITY Act - the market structure discussion draft - is expected to be released as early as Wednesday. The draft is based on the six-principle framework proposed by the committee last month, advocating for clarifying regulatory authority and establishing a modernized digital asset regulatory system.
