The much awaited “Crypto Week” is just around the corner with only a day to go. This event, set to run from July 14-18, will feature the U.S House of representatives discussing three main crypto bills, including the GENIUS Act, CLARITY Act and the Anti-CBDC Surveillance State Act. If these bills are approved in the coming week, these bills have the potential to transform crypto regulations for good.
In an exclusive commentary to Blockchain News, Abdul Rafay Gadit, the Co-Founder of the L1 blockchain platform ZIGChain and a former Standard Chartered banker, offered his thoughts regarding the Crypto Week. Let’s explore his opinion about the monumental week.
What’s in Store for the “Crypto Week”? ZIGChain Co-founder Opines
ZIGChain Co-founder Rafay sees the Crypto Week as a defining shift in how the United States integrates crypto into its financial ecosystem. According to him the decisions made by the United States House of Representatives will be landmark for crypto regulations moving forward.
“Crypto Week marks a transition point in the evolution of digital assets, as the conversation moves from regulatory fragmentation toward building formal legal architecture,” Rafay said.
Further delving into the three bills in consideration, he believes that the U.S is now taking the right approach to address regulatory issues in the crypto industry. At the moment, the crypto sector is in a grey area in terms of clear regulations and with approval of the bills, more clarity would open up the door for more adoption.
“The introduction of bills like the GENIUS Act, CLARITY Act, and the Anti-CBDC Surveillance State Act signals a more mature and coordinated approach from U.S. lawmakers,” he remarked.
With the House set to start the crypto week in a day, here’s what they will discuss and what it could mean for the crypto market!
CLARITY Act: Shifting Regulatory Power from SEC to CFTC
The CLARITY Act, proposed by Representative French Hill, is designed to redraw the boundaries between the regulatory jurisdiction of different institutions in the crypto sector. If passed, this bill will grant full jurisdiction to the Commodity Futures Trading Commission (CFTC) over qualifying eligible crypto transactions. This will reduce the influence of the Securities and Exchange Commission (SEC).
However, this suggestion has attracted differing opinions. Proponents of the bill believe that the Howey Test, which the SEC employs to categorize digital assets as securities, is obsolete. The CLARITY Act will also enable digital assets built on “mature” blockchains to be exempted from registration with the U.S SEC. But, these digital commodities must first meet certain requirements focused on decentralization and ownership limits.
But which blockchains could industry participants deem mature at the moment as per the CLARITY Act?
Only 3 blockchains are mature according to the Clarity act. #Cardano pic.twitter.com/CFRhO5NWWc
— Stake with Pride 🌈 Midnight + Cardano (@StakeWithPride) July 12, 2025
Critics, however, see the bill as overly favorable to crypto firms. Advocacy groups like Americans for Financial Reform call it a “massive deregulatory bill” that benefits venture capital and tech giants. Senator Elizabeth Warren warned it could allow companies like Meta and Tesla to avoid federal oversight simply by tokenizing their shares.
GENIUS Act: The Stablecoin Framework with Bipartisan Backing
With the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act) attracting wider support, it passed the Senate with bipartisan support. The bill lays out stringent conditions for stablecoin issuers, requiring them to have a ratio of one-to-one reserves and to fall under the Bank Secrecy Act.
It also touches on the risk of insolvency and illicit finance. Thus, this bill will restrict the issuance to firms already regulated entities and constrain the modes through which Big Tech firms will enter the space. Senator Cynthia Lummis and Senator Kirsten Gillibrand commended the bill as one that introduces robust consumer protections while preserving national security priorities.
For entrepreneurs and consumers alike, the GENIUS Act represents long-term institutional progress, especially for stablecoin payments.
“It’s encouraging to see one of the world’s largest markets recognising the long-term role that tokenized assets, stablecoins, and open infrastructure can play in the financial system,” Rafay said.
Anti-CBDC Act: Privacy First, Or Political Posturing?
The Anti-CBDC Surveillance State Act introduced by Representative Tom Emmer is a bill that would prevent the issuance of a central bank digital currency (CBDC) by the Federal Reserve. This bill could also safeguard the data privacy of American citizens and prevent monetary policy manipulation by the Fed.
Among the supporters are the Blockchain Association, various banking lobbies and others who consider the bill as politically correlated as opposed to a response to actual risks. Nevertheless, it points to the rising opposition against state-backed digital currencies in favor of more decentralized alternatives.
"CBDC Anti-Surveillance State Act"
🏛️H.R. 1919🏛️Defined: CBDC's are also known as: "Central Bank Digital Currency" which means a form of digital money or monetary value that is denominated in the national unit of account, a direct liability of the Federal Reserve System,… pic.twitter.com/4XjNmPrVN6
— RegMan (@RegManSolutions) July 11, 2025
Rafay feels that it is the first time in history that legislative fronts have taken such coordinated action. He noted:
“What stands is not just the number of bills being proposed, but the consistency of direction…The USA is laying the groundwork for a compliant and connected blockchain economy, where tokenization and decentralized settlement can work alongside institutional standards.”
The Bigger Picture of the Crypto Week: Real-World Impact
If passed, these bills could unlock the next wave of blockchain integration across sectors like real estate, private credit, and trade finance. Passing of the bills in the upcoming Crypto Week could have a positive impact on real-world asset (RWA) tokenization, especially in areas where compliance and settlement infrastructure are key to scaling.
“Taken together, these frameworks push the industry closer to legal certainty, clearer oversight, and practical integration with institutional finance,” Rafay explained. “The message is becoming clear: crypto is being invited into the mainstream, but within a structure that is designed to make it more resilient, interoperable, and trusted.”
Even if all three bills don’t pass during Crypto Week, their collective momentum signals a shift in Washington’s approach to blockchain. It’s not just about regulation – it’s about building an infrastructure that connects crypto to the core of global finance.
[…] price rally has been majorly fueled by the passing of the GENIUS Act in the Crypto Week. The GENIUS Act is not just a symbolic victory of the crypto sector. It provides a straightforward […]