Jul 14, 2025

It’s Crypto Week. Keep an eye on these bills

The US House of Representatives is launching “Crypto Week” starting July 14, a move toward setting clear rules for digital assets. If these proposals pass, they could give investors the confidence to enter crypto with more clarity.

Here’s a look at what Congress is discussing and how it could shape the future of crypto.

The GENIUS Act: New rules for stablecoins

The GENIUS Act is the US’s first nationwide plan to regulate stablecoins, a type of cryptocurrency designed to hold a steady value, typically pegged to a fiat currency like the US dollar.

It includes:

1:1 asset backing for stablecoins
Monthly audits to keep things transparent
Anti-Money Laundering and Know Your Customer rules to prevent misuse
Oversight from both federal and state regulators

CLARITY Act: Who regulates what in crypto?

The CLARITY Act, still waiting for Senate approval, aims to clear up a big question in crypto: who’s in charge of what?

It includes:

The CFTC would oversee crypto projects that are decentralized enough to be treated like commodities.
The SEC would handle early-stage tokens and anything that looks like a traditional security.
As projects grow and become more decentralized, they could move from SEC to CFTC oversight.
New roles like “Digital Commodity Brokers” and “Exchanges” would be officially recognized.

Who stands to gain the most from the Crypto Week?

All eyes are on decentralized finance (DeFi) projects like Aave and Sky, which could be the biggest winners from Crypto Week.

Aave: Aave is the biggest lending platform in decentralized finance (DeFi), and it could be a major winner from the GENIUS Act.

Aave holds about 5% of all stablecoins as of July 2025, more than any other DeFi lender.
It has its own decentralized stablecoin, GHO, which is overcollateralized (backed by more value than the loan in crypto collateral) and built with strong safety standards.
Aave has over $45 billion in total value locked, making it a leader in DeFi lending.
Its upcoming Horizon project will let institutions borrow stablecoins using tokenized real-world assets, like money market funds, as collateral.

Sky: Sky, the creator of the USDS stablecoin, stands to benefit strongly from both the GENIUS and CLARITY Acts. Here are the key reasons why it stands out:

USDS is the largest decentralized stablecoin. If USDS meets new regulatory standards, it could be viewed as just as trustworthy as fiat-backed alternatives.
Sky also runs on a highly decentralized model, which fits well with the CLARITY Act’s support for community-led projects.
Its SubDAO model enables more flexible structures to work with institutions while preserving decentralization.
Sky’s stable revenue model via USDS stability fees makes it an attractive, lower-risk DeFi play for institutional investors.

Why should investors pay attention?

Experts estimate that clear regulations could unlock $1.6 to $3.7 trillion in growth for stablecoins and institutional DeFi by 2030. As new laws take shape, banks, fintechs, and asset managers are preparing to jump in, bringing more stability, liquidity, and trust to the market. It’s the shift investors have been waiting for.

This report has been prepared and issued by 21Shares AG for publication globally. All information used in the publication of this report has been compiled from publicly available sources that are believed to be reliable, however we do not guarantee the accuracy or completeness of this report. Crypto asset trading involves a high degree of risk. The crypto asset market is new to many and unproven and may have the potential to not grow as expected.

Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment.

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Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax, or other advice and users are cautioned against basing investment decisions or other decisions solely on the content hereof.

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