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- U.S. lawmakers possess passed the GENIUS Act, the Anti‑CBDC Surveillance Act, and the Digital Asset Market Clarity Act
- The GENIUS Act has cleared both chambers and now awaits the President’s signature
- The other two bills possess moved forward to the Senate, advancing broader crypto reform
Congress has taken a decisive step against reshaping the American crypto panorama, passing three predominant bills aimed at regulating stablecoins, drawing optimistic jurisdictional lines for digital sources. The approvals also forestall the Federal Reserve from launching a authorities-backed digital greenback, marking a extensive victory for privateness advocates. Whereas the GENIUS Act now heads to the White Dwelling for closing approval, the others face a extra risky course thru the Senate, the build they prefer to be blocked.
A Unified Push for Crypto Coverage
In what alternate watchers possess dubbed “Crypto Week,” the Dwelling of Representatives passed a trio of cryptocurrency-connected bills on July 17, culminating months of bipartisan negotiations. The GENIUS Act, which has already cleared the Senate, now awaits President Trump’s signature and seeks to control stablecoin issuers by imposing reserve, audit, and transparency requirements below a hybrid federal-converse regime.
The GENIUS Act, launched by Sen. Bill Hagerty (R-TN), passed the Senate with a 68–30 vote after which cleared the Dwelling with derive bipartisan strengthen, drawing 308 votes in decide, alongside with over 200 Republicans and 100 Democrats. The invoice introduces strict oversight for stablecoin reserves and auditing procedures, and enables both federal and converse regulators to license issuers, a transfer meant to steadiness innovation with user safety.
Many in the sector observe the GENIUS Act in teach as a basic transfer to integrate stablecoins into the broader monetary machine, bringing the U.S. nearer to the regulatory readability considered in the EU’s Markets in Crypto Sources (MiCA) framework.
The GENIUS Act passes the Dwelling by a extensive margin, 307 – 122. The President will stamp it into laws day after currently.
We now possess stablecoin regulation in the United States 🇺🇸
A moment for celebration: the first predominant crypto invoice carried out in Congress and a gap of the floodgates for fee onchain 🎉
— Jake Chervinsky (@jchervinsky) July 17, 2025
Funds, Funds, Funds
The Dwelling also authorized the Digital Asset Market Clarity Act, which aims to delineate the Securities and Substitute Rate’s (SEC) and The Commodity Futures Trading Rate’s (CFTC) authority over digital sources, and the Anti‑CBDC Surveillance Speak Act, which seeks to dam any strive by the Federal Reserve to thunder a central monetary institution digital currency amid rising considerations about monetary surveillance.
The Digital Asset Market Clarity Act passed 294–134 and would grant the CFTC authority over digital commodities while keeping the SEC’s role in securities, thereby reducing the regulatory gray converse that has plagued the sector. The Anti‑CBDC Surveillance Speak Act, which passed on a narrower 219–210 vote, prohibits the issuance of a Federal Reserve-backed digital greenback, which supporters assert would possibly maybe pose main privateness dangers and birth the door to unwanted authorities surveillance.
Enterprise leaders possess welcomed the coordinated legislative push, calling it a milestone in crypto coverage. Stu Alderoty, president of the National Cryptocurrency Association, stated, “Any laws … premised on transparency, disclosure, accountability and auditability provides the core user protections that anybody who needs to have interaction in the crypto economy have to be entitled to.”
Will Momentum Proceed?
With the GENIUS Act now on the President’s desk, advocates are hopeful the closing two bills can construct it thru the Senate, though that course is anticipated to be extra contentious. No longer every person seems to be happy this momentum will last, on the other hand. Terry Haines of Pangaea Coverage warned customers no longer to overinterpret the Dwelling wins, saying, “Markets shouldn’t topple for crypto alternate-generated hype: crypto has no Washington momentum.” Some Democrats, too, possess raised considerations that the bills would possibly maybe allow monetary opacity or attend alternate gamers at the expense of public oversight.
For now, on the other hand, the passage of all three bills by the Dwelling marks a rare moment of alignment between lawmakers and crypto advocates on the need for factual readability and user protections. Although the opposite two bills fail, the passing of the GENIUS Act by myself will listing a sea alternate in coverage from the nation largely authorized as the home of crypto.
