Crypto Week in the US: Legislature Moves, Controversy Rises, What’s Happening?

Jakarta, Pintu News – The United States House of Representatives has had a busy week with various crypto bills coming to the floor for debate. Four major bills were approved by the House Rules Committee for further consideration, marking an important step in the regulation of digital assets in the country.

Crypto Legislation Under the Spotlight

On Monday, July 14, the US House Rules Committee voted 8-4 to bring four bills to the House floor for consideration. The bills include H.R. 4016 (Department of Defense Appropriations Act, 2026), H.R. 3633 (Digital Asset Market Certainty Act 2025), H.R. 1919 (CBDC Anti-Surveillance State Act), and S. 1582 (GENIUS Act).

Each of these bills carries significant implications for the future of crypto regulation in the United States. As these bills move to the debate stage, policymakers will have the opportunity to discuss and modify the content of each before a final vote.

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Criticism from Rep. Maxine Waters

Rep. Maxine Waters, a senior member of the House Financial Services Committee, has expressed her concerns with some of the bills. In an opinion piece published by MSNBC, Waters slammed the GENIUS and CLARITY Acts as being “written by and for the crypto industry.”

According to her, the bills would open up huge opportunities for fraud and financial loss for millions of American families. Waters also highlighted the potential corruption associated with these bills, claiming that they are designed to legalize unprecedented crypto corruption by the president of the United States.

Bloomberg estimates that crypto ventures account for about $620 million of the wealth of President Donald Trump and his family, a figure that Waters says reflects a dangerous conflict of interest.

Crypto Anti-Corruption Initiative

In response to Republican Crypto Week, Waters along with Democratic Rep. Stephen Lynch of the Democratic Party have launched “Crypto Anti-Corruption Week.” The initiative encourages Democratic members to oppose what they call “three dangerous crypto bills,” namely the GENIUS, CLARITY, and CBDC Anti-Surveillance State Acts.

This activity aims to highlight the risks and problems that may arise from the implementation of these bills. By rallying support against these bills, Waters and Lynch hope to prevent the potential negative impact they could have on the financial system and Americans’ privacy.

Conclusion

With various crypto bills poised for debate in the US House of Representatives, this week marks a critical juncture in the direction of crypto regulation in the United States. While some lawmakers are supportive of this progress, strong criticism and concerns about potential corruption and negative impacts on the economy have also surfaced, marking an important period in the history of crypto regulation in the country.

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Reference

• Coingape. Major Bills Advance as Crypto Week Begins, Rep. Waters Not in Favor. Accessed on July 17, 2025