U.S. House Passes Historic Crypto Legislation, Paving Way for Regulatory Clarity

     

Three major crypto bills sail through the House in a landmark vote-setting the stage for U.S. leadership in stablecoins, blockchain innovation, and anti-CBDC protections

The U.S. House of Representatives has approved three sweeping cryptocurrency bills in a decisive vote on July 17, marking a turning point for digital asset regulation in the United States.

The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act passed with strong bipartisan support, 307–122, and now heads to President Donald Trump’s desk for signing. The bill introduces strict standards for U.S. dollar–backed stablecoins, including reserve backing and consumer safeguards. Meanwhile, the Digital Asset Market Clarity Act of 2025 (CLARITY Act), which passed 294–134, aims to define the oversight roles of the CFTC and SEC, and now moves to the Senate.

The third major bill, the Anti-CBDC Surveillance State Act, passed in a narrower 219–210 vote. Authored by Majority Whip Tom Emmer, it blocks the Federal Reserve from issuing a central bank digital currency and codifies Trump’s Executive Order prohibiting federal exploration of CBDCs.

Lawmakers and industry leaders praised the legislative milestone. White House Crypto Advisor David Sacks called the result “massive wins for crypto in the House,” while Senator Tim Scott highlighted that the GENIUS Act would “promote innovation and protect consumers.” Senator Cynthia Lummis celebrated the outcome as a “huge win for digital assets.”

Tyler Winklevoss, co-founder of Gemini, described the bills’ passage as a “huge day for crypto, U.S. dollar dominance, and America.” Ripple CEO Brad Garlinghouse emphasized the historic nature of the GENIUS Act, stating, “This is the most significant financial regulation since 2008.”

Coinbase CEO Brian Armstrong added: “GENIUS is ready to become law. CLARITY is heading to the Senate. We’re finally closing in on clear rules that will let crypto grow and thrive in the U.S.”