The US Senate Banking Committee is moving aggressively to establish a clear regulatory framework aimed at making the United States the crypto capital of the world. In a packed week on Capitol Hill, lawmakers advanced multiple bills designed to settle longstanding questions around digital asset oversight.
Three key bills set the agenda
As part of this drive, often referred to as Crypto Week in Congress, senators pushed forward:
- The CLARITY Act, which would formally decide whether crypto tokens fall under the SEC or CFTC, ending years of jurisdictional uncertainty.
- The GENIUS Act, a comprehensive bill on stablecoins, which has already cleared the Senate and is heading to the House for debate.
- The Anti-CBDC Surveillance State Act, which aims to block any rollout of a Federal Reserve-backed digital dollar, reflecting privacy concerns.
These measures are expected to unlock more institutional capital by giving investors and companies clear rules to follow.
Voices across the aisle call for speed
Top committee members, including Senator Tim Scott, Cynthia Lummis, Bill Hagerty, and Thom Tillis, have all urged swift action. They argue that failing to pass coherent crypto laws risks pushing innovation offshore, undermining America’s global financial position.
Even industry leaders like Ripple CEO Brad Garlinghouse weighed in, calling on lawmakers to ensure the US doesn’t fall behind Europe and Asia in embracing regulated digital assets.
Why this is critical for markets
Bitcoin has surged past $120,000, with traders pointing to optimism over these bills as a major driver. Clear regulations could pave the way for 24/7 markets, faster settlement times and improved capital flows, fundamentally reshaping how financial assets are traded in the US.
It also signals a stark contrast to countries experimenting with central bank digital currencies. Instead, the US is positioning private crypto solutions at the core of its future financial system.
What comes next
The GENIUS Act now heads to the House, while the CLARITY Act and Anti-CBDC bill continue through committee markup. If passed into law, this legislative package could make the US not just friendly to crypto, but the undisputed leader of the global digital asset economy.
