U.S. regulatory developments and earnings, ECB rate decision: Crypto Week Ahead

Crypto’s major events this week are set in Washington D.C. A House Financial Services subcommittee opens with a hearing on oversight of the Financial Crimes Enforcement Network.

The Office of the Comptroller of the Currency’s (OCC) comment period on proposed $GENIUS Act rules extending anti-money laundering and sanctions standards to stablecoin issuers closes July 24.

The Commodity Futures Trading Commission’s (CFTC) window on 24/7 trading and perpetual-style bitcoin futures closes July 27, three months after the regulator cleared the first regulated bitcoin perpetual on Kalshi. The $GENIUS Act turned one this month, and the rules built on it are still being written.

The macro calendar centers on Thursday's European Central Bank decision, with markets pricing a hold.

Traders will also be monitoring geopolitical developments and oil prices for potential clues about what markets may do next.

What to Watch

(All times ET)

• Crypto
  • July 21, 10:00 a.m.: U.S. House Financial Services subcommittee hearing, “Oversight of the Financial Crimes Enforcement Network.”
  • July 24: OCC comment deadline for proposed $GENIUS Act rules applying AML/CFT and sanctions compliance standards.
  • July 27: CFTC comment period closes for its proposal on 24/7 trading and perpetual-style standard futures contracts referencing spot bitcoin.
• Macro
  • July 20, 8:30 a.m.: Canada CPI YoY for June (Prev. 3.2%); Core CPI YoY (Prev. 2.2%)
  • July 22, 2:00 a.m.: U.K. CPI YoY for June (Prev. 2.8%); Core CPI YoY (Prev. 2.6%)
  • July 23, 8:15 a.m.: European Central Bank interest-rate decision est. 2.4% (Prev. 2.4%), followed by press conference at 8:45 a.m.
  • July 23, 8:30 a.m.: U.S. Initial Jobless Claims for period ending July 18 (Prev. 208K)
  • July 23, 7:30 p.m.: Japan CPI YoY for June (Prev. 1.5%); Core CPI YoY est. 1.6% (Prev. 1.4%)
  • July 24, 4:00 a.m.: Eurozone S&P Global Composite PMI Flash for July est. 50.0 (Prev.50)
  • July 24, 9:45 a.m.: U.S. S&P Global Composite PMI Flash for July (Prev. 51.9)
  • July 24, 9:45 a.m.: U.S. S&P Global Manufacturing PMI Flash for July (Prev. 53.9)
  • July 24, 9:45 a.m.: U.S. S&P Global Services PMI Flash for July (Prev. 51.2)
• Earnings
  • July 21: Interactive Brokers Group (IBKR), post-market, $0.61
  • July 22: CME Group (CME), pre-market, $2.99
  • July 22: Tesla (TSLA), post-market, $0.44
  • July 23: Nasdaq (NDAQ), pre-market, $0.95

Token Events

• Governance Votes & Calls
  • ENS DAO is voting on an executable proposal to establish a new security council for a two-year term, granting proposal-cancellation power to the newly elected multisig and contract. Voting ends July 20.
  • Lido DAO is voting to launch a permissionless community staking module and adopt a case-by-case penalty framework for Curated Module v2 node operators. Voting ends July 20.
  • Superfluid DAO is voting on the nominee selection phase for its security council election, where delegates can distribute votes among three contenders. Voting ends July 21.
  • Compound DAO to vote on a proposal to update the cbBTC price feeds in its AERO, USDC, USDS and WETH markets on Base to use the new SVR price feeds. Voting ends July 21.
  • Arbitrum DAO is voting to ratify improvements to its security council election process, including extending member terms from one to two years. Voting ends on July 23.
  • ZKsync DAO is voting on the ZIP-16 v31 protocol upgrade to introduce Priority Mode and to unify the shared codebase between ZKsync Era and ZKsync OS. Voting ends July 23.
• Unlocks
  • July 20: LayerZero (ZRO) to unlock 4.6% of its circulating supply worth $20.59 million.
  • July 20: Starknet STRK$0.02816 to unlock 2.6% of its circulating supply worth $5 million.
  • July 21: Avalanche (AVAX) to unlock 0.7% of its circulating supply worth $23.3 million.
  • July 21: MORPHO$2.0012 to unlock 1.2% of its circulating supply worth $24 million.
  • July 23: Arbitrum (ARB) to unlock 1.4% of its circulating supply worth $12.3 million.
  • July 24: WLD$0.3550 to unlock 1.5% of its circulating supply worth $57.7 million.
  • July 25: Humanity Protocol (H) to unlock 2.7% of its circulating supply worth $15.6 million.
  • July 26: Toncoin (TON) to unlock 0.9% of its circulating supply worth around $69.9 million.
• Token Launches
  • Nothing scheduled.

Conferences

• July 20: Web3 Toronto Conference (Toronto)
• July 21-22: Blockchain Futurist Conference (Toronto)
• July 21-23: Mining Disrupt (Miami)
• July 24-26: ETHGlobal Lisbon 2026 (Lisbon)