The U.S. Congress Accelerates Cryptocurrency Legislation, Major Changes Loom for the Industry

This week, Washington welcomed a pivotal moment known as "Crypto Assets Week", as the U.S. Congress accelerates the advancement of several pieces of legislation supporting Crypto Assets. This signals that the Crypto Assets industry will face significant changes, injecting new growth momentum into the industry and significantly reducing future risks.

Legislative Focus of "Crypto Assets Week"

On July 3, the U.S. House of Representatives passed a far-reaching press release, officially announcing "Crypto Assets Week" starting from June 14, and committed to advancing three key pieces of cryptocurrency legislation:

1. The "GENIUS Act": Provides a clear regulatory framework for stablecoins. The bill has passed the Senate with a vote of 68 to 30, making it one of the most bipartisan pieces of legislation in the 2025 congressional session. If it passes the House of Representatives unanimously, the bill is expected to become the first significant Crypto Assets legislation in U.S. history.

2. The CLARITY Act: Aims to establish a comprehensive regulatory framework for Crypto Assets and provide clear compliance guidance for market participants.

3. "Anti-CBDC Surveillance State Act": Prohibits the United States from creating Central Bank Digital Currency (CBDC) to protect financial privacy and market freedom.

Although the CLARITY Act and the Anti-CBDC Act still require Senate approval, the passage of either bill in the House of Representatives would be an important milestone for the Crypto Assets industry.

The Importance of Legislation in the Crypto Assets Industry

A clear regulatory framework will bring dual benefits to the Crypto Assets industry:

drive growth and reduce risk

1. Promote Growth: Clear legislation on Crypto Assets will encourage large financial institutions to increase their presence in the encryption field, attract significant investments, and guide traditional assets into the blockchain-based ecosystem.

2. Reduce Risk: The cryptocurrency industry has been severely impacted by a lack of regulation, such as the collapse of certain trading platforms and projects. These failures largely stem from the absence of regulation. Clear regulations will help prevent similar incidents from occurring and enhance investor confidence.

Although clear rules cannot completely eliminate market scandals, they can significantly reduce the likelihood of such events occurring. Over the past 15 years, Bitcoin has been one of the best-performing assets globally, yet it has experienced several significant crashes. Clear regulation will help mitigate the risk of large market fluctuations.

Reasons Why Crypto Assets Have Gained Bipartisan Support

Crypto Assets are one of the few policy issues that have received broad support from both parties in the United States. The passage of the GENIUS Act in the Senate is an example, demonstrating a bipartisan support base. There are several reasons behind the bipartisan support:

• The enthusiasm of young voters: Crypto Assets are very popular among young groups, and politicians find it hard to ignore this trend.
• The drive of the financial industry: The American financial sector is eager to seize the growth opportunities brought by Crypto Assets. Several major financial institutions have ventured into the encryption field to varying degrees, and millions of Americans along with thousands of businesses have invested in it.

This economic incentive ensures the long-term sustainability of Crypto Assets legislation. Once these bills are passed and signed into law during "Crypto Assets Week," Crypto Assets will enter a new era of mainstream adoption.

Institutional Adoption Trends

According to the data, by June 30, 2025, almost all major financial institutions in the United States will have ventured into the Crypto Assets trading, custody, or derivatives markets. This wave of institutional adoption further solidifies the position of Crypto Assets and makes policy reversals more difficult.

Conclusion

Washington's "Crypto Assets Week" is not only a legislative gala but also a turning point for the maturity of the encryption industry. Through these legislations, the Crypto Assets market will welcome clearer rules, lower investment risks, and stronger growth momentum. This not only opens new opportunities for investors and institutions but also lays the foundation for building an open, transparent, and efficient financial ecosystem. Crypto Assets are becoming mainstream, and the legislative progress made this week will write a new chapter for the industry's future.