Chairman French Hill positioned the July 2025 Crypto Week as the result of years of congressional work to build a regulatory framework for digital assets

Quotes that support claims

“We are taking historic steps to ensure the United States remains the world’s leader in innovation and I look forward to ‘Crypto Week’ in the House. After years of dedicated work in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework for digital assets that safeguards consumers and investors, provides rules for the issuance and operation of dollar-backed payment stablecoins, and permanently blocks the creation of a Central Bank Digital Currency (CBDC) to safeguard Americans’ financial privacy,” said Chairman Hill. “I thank my colleagues in Congress and the Trump Administration for their partnership and leadership and stand ready to work alongside the Senate as they work to advance standalone market structure legislation by the end of September.”

“After years of dedicated work in Congress on digital assets, we are advancing landmark legislation to establish a clear regulatory framework for digital assets,” House Committee on Financial Services Chairman French Hill (R-AR) said in a statement. Those frameworks include safeguarding consumers and establishing regulatory clarity while prohibiting the Federal Reserve from issuing a central bank digital currency.