Three Decisive Laws At Stake During The "Crypto Week" In Washington

Crypto is at a crossroads. Under the cold neon lights of the Capitol, the fate of a digital world is being decided with ink and calculations. Starting July 14, Washington begins its “Crypto Week”: a decisive parliamentary session where three major bills will be debated. Three texts, three possible directions for the future of digital assets in the United States.

The Moment of Choice

In Washington, silence is never neutral. And this week, it hangs on three bills. What insiders already call “Crypto Week” is not just another parliamentary session. It’s a tipping point. Three projects. Three possibilities that, if passed, will reshape the face of American digital finance.

At the center of the storm is the CLARITY Act. Behind the elegant acronym is an attempt to rewrite the rules of the game. The Howey test, that relic from the 1930s, is out. In comes recognition of “mature” blockchains, delegation of authority to the CFTC, and a vision that treats cryptos as commodities rather than securities. This semantic shift, almost poetic, could yet break down the regulatory barriers.

But in the shadows of the debates, concerns rumble. Elizabeth Warren sounds the alarm, warning of a haven for tech giants and a nightmare for transparency.

Critics keep coming forward, denouncing a legislative rush fueled by the deep pockets of crypto’s Silicon Valley. Yet, momentum is there. Fueled by open letters, signatures from entrepreneurs, Stand With Crypto campaigns… as if history wants to be written in fast-forward.

The Stablecoin in Majesty: The GENIUS Act and the Ambition of a New Dollar

Less conspicuous, but perhaps more decisive: the GENIUS project. Behind this messianic-sounding name is a firm will: to make stablecoins no longer an experiment but a standard. The text frames, marks, and limits. It imposes reserves, demands transparency, and tries to make stability a cardinal value.

The Senate, in a rare bipartisan effort, has already paved the way. The dollar envisions a future strengthened by blockchain, backed by regulatory prudence. At its core, the stablecoin is a pragmatic utopia. Neither anarchist flight nor surveillance tool. A middle ground. A breach where the financial system can evolve without exploding.

But nothing is simple. Behind the guarantees, doubts remain: what are the consequences for the bond market? For the Treasury’s influence? And above all, for the role of central banks in this uncertain balance? The GENIUS Act aims to outline a new economic pact. It must first convince that it does not fracture the old one.

No to the Digital Dollar? Fierce Opposition to the CBDC

The third piece of the triptych: the anti-CBDC bill. From the pen of Republican Tom Emmer, a principled opposition to a digital dollar issued by the Fed. For its defenders, the CBDC is nothing but a dystopian state surveillance avatar. For its opponents, the absence of a CBDC means leaving the field open to China, the digital yuan, and ambitions of global monetary domination.

This text, more ideological than technical, reflects America’s deep fractures regarding crypto. Between fear of control and fear of falling behind, tensions rise. Congress hesitates: should it run with innovation or keep it on a leash? The answer is not binary: it is political.

In the background, the idea that everything is at stake now. That legislation must happen before the market self-institutes. Before financial metaverses fully emancipate from Washington. Crypto, this unruly child of decentralization, knocks on the Capitol’s door. Demanding to be recognized or at least contained.

Uncertain Epilogue: A Breath in the Halls

In this overheated summer week, three laws move forward with quiet but determined steps. Nothing is decided. And perhaps nothing will be settled. But already, the mere fact they are being debated shows that crypto is no longer a mirage nor a threat. It is a matter to legislate on, a fait accompli.

While some see this legislation as a Faustian pact between politics and venture capital, others perceive the stirrings of a new order. An order where blockchain no longer just challenges the system, but becomes one of its cornerstones.

Congress may decide, perhaps. But crypto does not ask for permission to move forward. Whether one tries to contain it or crown it, it slips between the lines, elusive, continuing its path made of bursts and jolts.

Between the old order and source code, a new world is emerging, tentatively but with irresistible force. Because while legislators debate behind closed doors, bitcoin is already approaching $118,000, Ethereum passes $3,000. The market spoke before the law. The promise is underway. And it no longer is just stated: it is embodied.