Crypto Week 2025 Signals a New Rulebook for U.S. Digital Assets

In July 2025, Congress advanced three major crypto bills reshaping U.S. regulation. The GENIUS Act, now law, established strict reserve and audit rules for dollar-backed stablecoins. The CLARITY Act classified decentralized tokens like Bitcoin as commodities under the CFTC, while securities-style projects remain under the SEC. The Anti-CBDC Act, which blocks a retail digital dollar without Congress’s approval, passed the House but awaits a Senate vote. Together, the measures mark a major step toward a unified federal crypto framework.

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*Source: https://www.ocorian.com/knowledge-hub/insights/crypto-week-2025-uncertainty-regulation-us-digital-asset-space

Congress pushed three major crypto bills in a fast burst and set a new direction for the industry. The GENIUS Act became law on July 18 and created a national framework for dollar-backed stablecoins. Issuers must hold cash or short-term Treasuries equal to all tokens in circulation and must publish monthly reserve reports with annual audits after they grow large. The law treats these tokens as payment instruments and opens doors to ACH, card networks, and FedNow. It also gives token holders priority rights to reserves if an issuer fails. The CLARITY Act passed the House and set definitions that place decentralized tokens like Bitcoin under the CFTC as digital commodities, while projects that look like securities stay under the SEC with disclosure rules. The Anti-CBDC Act passed the House and blocks a retail digital dollar without explicit approval from Congress, yet the Senate outcome remains uncertain.

Lawmakers described the week as a break from years of confusion. Backers said clear rules can support innovation and protect users at the same time. Supporters in the industry welcomed a path that separates commodities from securities and sets clean custody and trading standards. Critics warned about new risks if enforcement proves weak or if firms use gaps in the law to avoid oversight. For now, the United States stands closer to a consistent federal approach. Stablecoins have rules. Tokens have a test for commodity status. A retail CBDC faces a political hurdle. The next steps sit with regulators who must write detailed rules and with the Senate, which will decide how far the broader package goes.