Capitol Hill Crypto Policy Week Officially Kicks Off, Full Confrontation in Both Houses of Congress

On July 14th, Capitol Hill Crypto Policy Week officially kicked off, and this agenda, which originally belonged to the House of Representatives, has been upgraded to a national legislative feast. As the Senate Banking Committee prepares for a high-level roundtable and is about to release a draft market structure discussion, coupled with intensive arrangements by industry organizations, the crypto legislative war has spread throughout the Capitol.

Majority Leader Steve Scalise (Republican-Louisiana) will announce the agenda today, planning to vote on three important Republican-led crypto bills: the "GENIUS Act," the "CLARITY Act," and the "Anti-Central Bank Digital Currency Act." If all goes well, a stablecoin bill without additional clauses may be sent to the White House this week, and the other two bills will be handed over to the Senate. Noteworthy points include:

If the "CLARITY Act" and the "Anti-Central Bank Digital Currency Act" are open to amendments, it is expected to trigger multiple rounds of voting and extended debates. The House Rules Committee website has published some proposed amendments.

This Wednesday, the House Ways and Means Committee's Oversight Subcommittee will hold a hearing entitled "Making the United States the Crypto Capital of the World: Building a 21st Century Digital Asset Policy," focusing on tax policies, reporting rules, and innovation incentives.

Senate Banking Committee Chairman Tim Scott (Republican-South Carolina) will host a congressional roundtable on "The Future of Digital Assets" on Thursday morning. Cardano founder Charles Hoskinson, Algorand founder Silvio Micali, former SEC Commissioner Michael Piwowar, and other industry leaders will discuss regulatory clarity, market compliance mechanisms, and responsible innovation.

The Senate version of the "CLARITY Act" - a draft market structure discussion - will be released as early as Wednesday. The draft is based on the six major principles framework proposed by the committee last month, advocating clarifying regulatory authority and establishing a modern digital asset regulatory system.