US House Kicks Off Crypto Week with Three Key Crypto Regulation Bills
US lawmakers have launched “Crypto Week” in the House Rules Committee to debate three major crypto regulation bills: the Anti-CBDC Surveillance State Act, the Digital Asset Market CLARITY Act and the GENIUS Act. The Anti-CBDC Act aims to curb central bank digital currency powers. The CLARITY Act proposes clear trading rules for platforms and intermediaries. The GENIUS Act would set national stablecoin issuance standards. Democratic Rep. Maxine Waters introduced amendments to bar the president, vice president, members of Congress and close relatives from owning or promoting cryptocurrencies, and to deny stablecoin recognition to regimes led by self-declared dictators. Republican Rep. Warren Davidson countered with an amendment reinforcing individuals’ self-custody rights to shield hardware and software wallet users from undue interference. Meanwhile, the FDIC, OCC and Federal Reserve issued joint guidance on legal, operational and audit risks for banks offering crypto custody, stressing robust third-party oversight. Advocacy group Stand With Crypto, backed by Coinbase, urged swift passage of the CLARITY Act, arguing that clear crypto regulation will boost innovation and market stability. Floor votes are expected within days, underlining the pressure to shape the US digital asset framework before recess.
Neutral
The joint review of three crypto regulation bills signals growing clarity in US digital asset policy, which can foster innovation and institutional participation—typically bullish factors. Amendments to protect self-custody and limit CBDC powers further reassure crypto advocates. However, political disputes over consumer safeguards and high-level ownership bans introduce ongoing uncertainty. The combined effect on trading activity and market stability is balanced, suggesting a neutral impact in both the short and long term.