- Senate leads crypto regulation with July 10 hearing, draft bill expected this week.
- House prepares votes on GENIUS, CLARITY, and Anti-CBDC bills after recess.
- Trump’s crypto policy report due July 22 may propose Bitcoin reserve and banking access rules.
With the House temporarily out of session, the Senate is preparing to lead the next phase of U.S. digital asset regulation. Lawmakers are scheduled to focus on market structure this week, while key votes on crypto policy are set for the House floor the following week.
On July 10, the Senate Banking Committee will conduct its first hearing focused on market structure in the digital asset sector. The hearing comes as the Committee works toward releasing a draft proposal later this week that aims to outline a comprehensive regulatory framework for the crypto market now valued at approximately $3 trillion.
🗞️The Senate takes up the market structure mantle, a key crypto policy report is due soon, and what to keep an eye on in DC this week. ⬇️ https://t.co/lFvU9LMtEW
— Eleanor Terrett (@EleanorTerrett) July 7, 2025
The draft will allegedly incorporate parts of the 2023 Lummis-Gillibrand Responsible Financial Innovation Act and build upon recent provisions introduced in the House’s CLARITY Act. Senate members have stated that the goal is to introduce full market structure legislation ahead of the August recess.
The Senate Agriculture Committee, which oversees the Commodity Futures Trading Commission (CFTC), is expected to play a role in parallel and may schedule its own hearing on the subject in the coming weeks.
House to Vote on Stablecoin and Anti-CBDC Bills
When the House reconvenes, votes are expected on several major crypto bills. These include the Senate-passed GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. According to a Republican House aide, the GENIUS Act is anticipated to go to the floor without changes, following a request from President Trump for a “clean” version of the bill.
Although some House Financial Services Committee members had previously called for reconciliation with the House’s own stablecoin proposal, the STABLE Act, current plans suggest the GENIUS bill will proceed as-is.
The Anti-CBDC Surveillance State Act, led by House Majority Whip Tom Emmer, will be voted on separately. Both bills include language that would restrict the Federal Reserve from developing a central bank digital currency.
Crypto Taxation and Executive Report Expected Soon
The House Ways and Means Oversight Subcommittee is also expected to reschedule its delayed hearing on digital asset taxation, originally planned for this week. Meanwhile, the Trump administration’s Working Group on Digital Asset Markets is preparing to publish its first major crypto policy report by July 22.
The document, which stems from a January executive order, is expected to include both regulatory and legislative recommendations. The report may address funding mechanisms for a national Bitcoin reserve and propose measures to ensure equal banking access for digital asset firms.
