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.

(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

• 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$2.0042 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$0.3573 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.

• 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)