The Congressional Encryption Policy Week has officially launched, with a full confrontation between the House and Senate.

On July 14, the curtain officially rose on the Capitol Hill cryptocurrency policy week, evolving from an agenda originally belonging to the House of Representatives into a legislative feast on a national scale. As the Senate Banking Committee prepares for a high-level roundtable and is about to release a discussion draft on market structure, coupled with the industry organizations intensively scheduling events, the battle over cryptocurrency legislation has ignited throughout the Capitol. Majority Leader Steve Scalise (Republican-Louisiana) is set to announce the agenda today, aiming to vote on three important cryptocurrency bills led by Republicans: the "GENIUS Act", the "CLARITY Act", and the "Anti-Central Bank Digital Currency Act". If progress goes smoothly, a stablecoin bill without additional provisions may be sent to the White House this week, while the other two bills will be handed over to the Senate. Notably, if amendments are opened for the "CLARITY Act" and the "Anti-Central Bank Digital Currency Act", it is expected to trigger multiple rounds of voting and extended debate. The House Rules Committee's official website has published some proposed amendments. On Wednesday, the House Fundraising Committee's oversight panel will hold a hearing titled "Making America the World Crypto Capital: Building 21st Century Digital Asset Policy", focusing on tax policy, reporting rules, and innovation incentives. Senate Banking Committee Chairman Tim Scott (Republican-South Carolina) will host a "Future of Digital Assets" congressional roundtable on Thursday morning. Industry leaders such as Cardano founder Charles Hoskinson, Algorand founder Silvio Micali, and former SEC Commissioner Michael Piwowar will discuss topics such as regulatory clarity, market compliance mechanisms, and responsible innovation. The Senate version of the "CLARITY Act"—the market structure discussion draft—is expected to be released as early as Wednesday. This draft is based on the six principle framework proposed by the committee last month, advocating for clarifying regulatory authority and establishing a modernized digital asset regulatory framework.