The U.S. Congress Accelerates the Advancement of Crypto Assets Legislation, the Industry Welcomes Major Changes

This week, Washington has welcomed a key moment known as "Crypto Assets Week," as the U.S. Congress accelerates multiple legislative processes supporting crypto assets, signaling significant changes are coming to the industry. This not only injects new growth momentum into the sector but also significantly reduces future risks.

Legislative Highlights of "Crypto Assets Week"

On July 3, the U.S. House of Representatives issued a far-reaching press release officially declaring June 14 as "Crypto Assets Week" and committing to advance three key Crypto Assets legislative measures:

1. The GENIUS Act: Provides a clear regulatory framework for stablecoins. The bill has been passed in the Senate with a vote of 68 to 30, making it one of the most bipartisan bills in the 2025 congressional session. If it passes the House unanimously, the bill will be sent to the President for signing and is expected to become the first significant Crypto Assets legislation in U.S. history.

2. The CLARITY Act: Aims to establish a comprehensive regulatory framework for Crypto Assets, providing clear compliance guidance for market participants.

3. "Anti-CBDC Surveillance State Bill": Prohibits the United States from creating Central Bank Digital Currency (CBDC) to protect financial privacy and market freedom.

Although the CLARITY Act and the Anti-CBDC Act still require Senate approval, the passage of either bill in the House of Representatives would be a significant milestone for the Crypto Assets industry.

The Importance of Legislation for the Crypto Assets Industry

A clear regulatory framework will bring dual benefits to the Crypto Assets industry:

promote growth and reduce risk

1. Promote Growth: Clear legislation on Crypto Assets will encourage large financial institutions to increase their presence in the encryption sector, attract billions of dollars in investment, and guide tens of trillions of dollars of traditional assets into the blockchain-based ecosystem.

2. Reduce Risks: The Crypto Assets industry has been severely impacted due to a lack of regulation, such as the collapses of certain trading platforms, Luna, Three Arrows Capital, and other events, which not only devastated the market but also weakened investor confidence. These failures largely stem from the absence of regulation.

Clear rules, although they cannot completely eliminate market scandals, can significantly reduce the likelihood of such events occurring. Over the past 15 years, while Bitcoin has been one of the best-performing assets globally, it has experienced seven crashes of over 70%. Clear regulation will reduce the risk of unexpected collapses caused by unregulated platforms, and the possibility of significant market fluctuations will also decrease accordingly.

Reasons for Crypto Assets Gaining Bipartisan Support

Crypto Assets are one of the few policy issues that have broad support from both parties in the United States. The passage of the GENIUS Act in the Senate is an example, demonstrating a bipartisan support base. There are several reasons behind the bipartisan support:

• Enthusiasm of young voters: Crypto Assets are widely popular among the young demographic, making it difficult for politicians to ignore this trend.
• Driving force of the financial industry: The American financial sector is eager to seize the growth opportunities brought by Crypto Assets. Several major financial institutions have ventured to varying degrees into the encryption field, and millions of Americans and tens of thousands of businesses have also invested in it.

This economic incentive ensures the long-term sustainability of Crypto Assets legislation. Once these bills are passed and signed into law during "Crypto Assets Week," Crypto Assets will enter a new era of mainstream adoption.

Trends Adopted by Institutions

According to data from a certain asset management company, as of June 30, 2025, nearly all major financial institutions in the United States have ventured into Crypto Assets trading, custody, or derivatives markets. This wave adopted by institutions further solidifies the position of Crypto Assets and makes policy reversals more difficult.

Washington's "Crypto Assets Week" is not only a legislative gala but also a turning point for the maturity of the encryption industry. Through legislation such as the "GENIUS Act," "CLARITY Act," and "Anti-CBDC Act," the crypto assets market will welcome clearer rules, lower investment risks, and stronger growth momentum. This not only opens new opportunities for investors and institutions but also lays the foundation for building an open, transparent, and efficient financial ecosystem. Crypto assets are becoming mainstream, and the legislative progress made this week will write a new chapter for the industry's future.