US House May Pass Crypto Bills By July 17

As Crypto Week enters its second day, new information has surfaced, indicating that the three crypto bills in focus this week may pass as early as July 17. This comes amid the U.S. House’s move to round up procedural votes, which would pave the way for a passage vote.

Final Passage Vote On Crypto Bills To Come This Crypto Week

In an X post, journalist Eleanor Terrett revealed that the final passage votes on the crypto bills are likely to come on July 16 or 17. This marks a major development as the crypto industry looks forward to its first major regulatory framework.

As CoinGape reported, the CLARITY Act, GENIUS Act, and Anti-CBDC Surveillance State Act are the three crypto bills in focus during this Crypto Week. Terrett mentioned that the House will hold a procedural vote today to establish the terms of floor debate for these crypto bills.

This step follows the House Rules Committee’s approval of these three crypto bills. If the U.S. House passes these bills, the GENIUS Act will head to the president’s desk, as the Senate has already passed it.

Meanwhile, the CLARITY Act and Anti-CBDC Surveillance State Act would move to the Senate for similar deliberation before potentially advancing to Trump’s desk for assent.

French Hill Comments On the Need To Pass These Bills

During a Rules Committee hearing, Rep. French Hill emphasized the urgent need for reform in the digital asset space. He also noted that Crypto Week is a landmark opportunity to modernize U.S. crypto oversight.

Hill spoke on the CLARITY Act (H.R. 3633) as contained in a video shared by the Financial Services Committee on X. He described the current U.S. regulatory environment as “broken” and warned that America risks falling behind global markets.

Hill said the bill aims to stop regulation-by-enforcement and create a durable, bipartisan framework for digital asset oversight. He added that the bill builds on years of bipartisan work, including feedback from regulators and market participants. This is a key legislative initiative during Crypto Week.

The legislator also made remarks about the Anti-CBDC Surveillance State Act (H.R. 1919). He said the bill is necessary to prevent the Federal Reserve from issuing a retail central bank digital currency (CBDC).

However, they can only do so with Congressional approval. He argued that such a move would give the government excessive control over Americans’ financial lives and threaten privacy. The debate is a central theme of Crypto Week.

Hill also spoke in support of the GENIUS Act, saying the Act provides the legal certainty needed to encourage innovation. He added that it preserves the dollar’s global reserve status.

According to him, the bill draws from earlier House efforts to regulate stablecoin issuers under strong consumer protection guidelines. These efforts have come together during crypto week, highlighting bipartisan engagement in the House.

The crypto industry is eagerly anticipating the passage of these bills, as it would further legitimize the industry and crypto assets. The Bitcoin price has even rallied to a new all-time high (ATH) in anticipation of this development.