Crypto Week day 4 continues to captivate the crypto community as the U.S. House made significant progress on July 17, 2025, advancing three key crypto bills after a procedural setback.
With President Donald Trump’s intervention, Crypto Week is back on track, shaping the future of digital assets in the U.S. Here’s the latest from the past 24 hours and what to expect as the event concludes.
Breakthrough in Procedural Votes for Crypto Week Day 4
On July 17, Crypto Week in the U.S. House passed procedural votes (215-211) for three crypto bills – the GENIUS Act, CLARITY Act, and Anti-CBDC Act – overcoming a failed vote (196-223) on July 16 due to Republican infighting and Democratic opposition.
- Trump’s Role: Trump’s late-night meeting on July 16 persuaded the Freedom Caucus to support the bills, particularly addressing concerns over central bank digital currencies (CBDCs).
- Key Bills:
- GENIUS Act: Regulates stablecoins with full USD reserves and annual audits for issuers above $50 billion in market cap.
- CLARITY Act: Clarifies SEC and CFTC roles, mandating transparency for crypto platforms.
- Anti-CBDC Act: Bans the Federal Reserve from issuing CBDCs, citing privacy concerns.
Market Movements
The procedural delay briefly rattled markets, but optimism returned after the July 17 votes.
- Bitcoin (BTC): Dropped from a $123,000 peak to $117,000-$118,000, reflecting profit-taking. ETF inflows, led by BlackRock’s iShares Bitcoin Trust, remain robust.
- Ethereum (ETH): Rose 4.2% to ~$3,300, signaling altcoin resilience.
- Stablecoin Volume: Declined from 9% to 7.08% market dominance due to delays, with capital shifting to volatile assets like BTC and ETH.
The Anti-CBDC Act dominated discussions on July 17, driven by fears of surveillance through CBDCs. Supported by Republicans like Marjorie Taylor Greene, it aims to block Federal Reserve-issued digital currencies, potentially boosting private stablecoins like USDC.
As Crypto Week nears its finale on July 18, final votes on the bills are imminent. The GENIUS Act is likely to pass, while CLARITY and Anti-CBDC Acts await Senate approval. Successful outcomes could push Bitcoin toward $130,000 by late July.
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