The U.S. House of Representatives has kicked off what Republican lawmakers are calling “Crypto Week,” as four major cryptocurrency-related bills advance to the House floor for debate.
The House Rules Committee voted 8–4 on July 14 to allow consideration of the Digital Asset Market Clarity Act of 2025 (H.R. 3633), the Anti-CBDC Surveillance State Act (H.R. 1919), the GENIUS Act (S. 1582), and the Department of Defense Appropriations Act for 2026 (H.R. 4016), which includes language of note to digital assets.
The bills aim to provide a comprehensive framework for the regulation of the crypto markets, including stablecoins, as well as limiting the powers of the federal government to create a central bank digital currency (CBDC).
Testimonies were heard from several House committees, which include Financial Services, Agriculture, and Appropriations, reflecting growing bipartisan interest in defining how digital assets are treated under U.S. law.
However, the legislative push has drawn sharp criticism from leading Democrats, especially Representative Maxine Waters of California, the ranking member of the House Financial Services Committee.
In an op-ed published in MSNBC on Monday, Maxine Waters said that the GENIUS and CLARITY Acts are overly industry-friendly and could weaken the Securities and Exchange Commission’s oversight powers.
She claimed the bills would “open the floodgates to massive fraud” and expose millions of Americans to risk, and compared the regulatory gaps to those that preceded the collapse of FTX.
In addition, Waters accused President Donald Trump of making money from cryptocurrency ventures without transparency and issued a warning about possible conflicts of interest.
She mentioned that Trump and his family had reportedly made up to $620 million from cryptocurrency endeavors, including token sales and NFT initiatives, according to a report from Bloomberg. Waters suggested the bills could normalize “crypto corruption” at the highest level of government.
In response to the GOP’s crypto agenda, Waters and fellow Democrat Stephen Lynch have launched “Anti-Crypto Corruption Week,” a counter-campaign that encourages lawmakers to oppose what they describe as deregulation masked as reform. Between July 15 and 18, the measures are anticipated to be debated and maybe put to a vote.
