Today, July 16, 2025, marks the third day of Crypto Week at the U.S. House of Representatives, where lawmakers are deliberating three key bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act.
Latest Crypto Week Updates
Below are the latest updates on Crypto Week for today, based on reliable sources.
- GENIUS Act Faces Major Setback: On July 15, the GENIUS Act, focused on stablecoin regulation, failed a critical procedural vote in the House with a 196-223 tally. Notably, 13 Republicans joined Democrats in opposition, stalling the bill’s progress and raising concerns about the fate of other Crypto Week legislation.
- CLARITY Act Discussions Continue: Today, the House is expected to vote on the CLARITY Act this afternoon, which seeks to clarify the classification of digital assets (securities or commodities) and define the roles of the SEC and CFTC. However, posts on X indicate ongoing political divides, with Democrats, led by Maxine Waters, opposing the bill due to concerns over insufficient investor protections.
- Trump’s Response and New Prospects: President Trump, who hailed July 15 as the start of Crypto Week, posted on X that some opposing lawmakers might reconsider their stance, offering hope for reviving the bills. No confirmation has emerged regarding a revote for the GENIUS Act today.
- Market Reactions: Bitcoin remains near its all-time high (around $120,000, per @HoangTrungDS on X), but the broader market shows slight hesitation due to uncertainty surrounding the votes. Spot Bitcoin ETFs continue to see strong inflows, reflecting long-term optimism.
- Today’s Key Event: A hearing on crypto taxation is scheduled for 9:00 AM ET at the House Ways and Means Committee, but no legislative votes are planned during this session.
To sum up, Crypto Week faces challenges with the GENIUS Act’s failure, but discussions on the CLARITY Act and Anti-CBDC Act persist. Outcomes from today’s and tomorrow’s (July 17) votes will be crucial.
Stay updated by following the MevX blog.
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