Dubbed “Crypto Week” on Capitol Hill, this article highlights how three landmark crypto bills are reshaping Bitcoin, Ethereum, and the broader crypto ecosystem. Markets are surging, and the industry is calling it the most important U.S. legislative week for crypto ever.
🏛️ The Three Pillar Bills:
- GENIUS Act – (Stablecoin Regulation)
- Requires 1:1 backing of all USD-linked stablecoins.
- Mandates FDIC insurance for stablecoin issuers.
- Regulates issuers like Circle, Paxos, and Tether through the OCC.
- Clarity for Digital Tokens Act – (Commodity vs. Security Clarity)
- Declares that assets like Bitcoin, Ethereum, Solana, and Avalanche are not securities, ending the SEC’s ambiguity battle.
- Empowers the CFTC over these assets.
- Anti-CBDC Act – (No Federal Digital Dollar)
- Prohibits the Federal Reserve from launching a central bank digital currency.
- Cites concerns about privacy, surveillance, and monetary control.
💹 Market Reactions:
- Bitcoin rose ~6%, reaching new highs above $120,000.
- Ethereum up 8%, now trading above $7,000.
- Crypto exchange stocks (e.g., Coinbase) surged 12–15% in a single day.
- Stablecoin adoption by fintechs is accelerating due to regulatory clarity.
🧠 Industry Commentary:
“This is the U.S. catching up to crypto’s global potential. Clear guardrails don’t just reduce risk—they invite the next trillion dollars of capital,” said Chris Dixon, partner at a16z crypto.
🗳️ Political Landscape:
- The bills have bipartisan momentum and are expected to pass the House and Senate by August 2025.
- Strong pushback from Federal Reserve officials, but a large public privacy movement backs the Anti-CBDC stance.
- CryptoPAC and lobbying by Coinbase, Kraken, and a16z played key roles.
