The U.S. House of Representatives passed three landmark cryptocurrency bills on July 17, signaling a decisive move toward establishing a comprehensive regulatory foundation for digital assets in the United States.
Three Bills Clear the House
The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act passed 307–122 and now heads to President Donald Trump's desk. It sets standards for U.S. dollar–backed stablecoins, including reserve requirements and consumer protections. The Digital Asset Market Clarity Act of 2025 (CLARITY Act), which passed 294–134, advances to the Senate and aims to clarify oversight between the Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC).
The Anti-CBDC Surveillance State Act also passed 219–210. Sponsored by Majority Whip Tom Emmer, the bill prohibits the Federal Reserve from issuing a central bank digital currency (CBDC) and codifies President Trump's executive order forbidding federal agencies from exploring their development.
Industry and Political Reactions
White House Crypto Czar David Sacks wrote on social media platform X: “Massive wins for crypto in the House.” Senator Tim Scott stated: “The GENIUS Act takes a bold step forward to promote innovation and consumer protection for payment stablecoins.” Senator Cynthia Lummis emphasized: “Huge win for Digital Assets!”
Gemini co-founder Tyler Winklevoss called the passing of crypto bills “a huge day for crypto, U.S. dollar dominance, and America.” Ripple CEO Brad Garlinghouse shared: “The last major financial regulation bill was passed 15 years ago in response to the 2008 financial crisis. Tomorrow, the signing of the GENIUS Act cements the US’s future in being a leader in truly innovative financial technology– stablecoins.” Coinbase CEO Brian Armstrong stressed: “GENIUS ready to be signed into law. CLARITY heading the senate next. We are getting incredibly close to finally having clear rules for crypto to grow this industry in the United States of America.”
Historical Significance
The package represents the most significant federal crypto legislation advanced in years. Stablecoin regulation has been a key priority for lawmakers, while the CLARITY Act aims to end the long-standing jurisdictional dispute between the SEC and CFTC. The anti-CBDC bill aligns with conservative concerns about government surveillance. Together, these bills could reshape the U.S. crypto landscape, providing legal certainty for issuers, exchanges, and investors.