The US government is set to introduce several bills that could significantly impact the crypto industry. The first bill would “spur comfort among retailers” to accept stablecoins as payment, potentially changing how payments are made in the country.
The legislation aims to create a framework for regulating broader crypto issuance and trading, establishing a new category of registered digital assets. This could lead to more crypto-related products entering mainstream markets through retail brokerage accounts.
Another bill would prevent the Federal Reserve from creating a central bank digital currency (CBDC), which some conservatives oppose due to concerns over government intrusion into private lives.
Industry leaders say pressure is coming from various directions, including the president’s promise to deliver wins for the industry and the influence of powerful PACs. However, Democrats are opposed to the bills, citing concerns about corruption risks and the need to stand on principle.
While Republican leadership expects a strong response from their party members, Democrats are more divided on the issue. With President Trump having significant personal investments in cryptocurrency, many Democrats will face tough decisions about whether to vote against or support the bills.
Source: https://www.axios.com/2025/07/13/crypto-week-house-congress