Historic Win for Crypto: U.S. House Passes Three Landmark Bills
The U.S. House of Representatives made history on July 17, 2025, by passing three cryptocurrency bills, marking a significant step toward regulatory clarity for the digital asset industry. The bills, passed during what was dubbed "Crypto Week," include:
GENIUS Act (308-122): Establishes a regulatory framework for stablecoins, cryptocurrencies pegged to assets like the U.S. dollar to reduce volatility. Already passed by the Senate, it now awaits President Donald Trump’s signature.
CLARITY Act (294-134): Defines when a cryptocurrency is a security (overseen by the SEC) or a commodity (regulated by the CFTC), addressing long-standing industry disputes. This bill now heads to the Senate.
Anti-CBDC Surveillance State Act (219-210): Prohibits the Federal Reserve from issuing a central bank digital currency, citing privacy concerns. This bill also requires Senate approval.
These votes, following intense lobbying from the crypto industry and President Trump’s personal intervention, signal a shift toward a more crypto-friendly regulatory environment under his administration. Trump, who has championed the U.S. as the “crypto capital of the world,” met with Republican holdouts to secure their support after a procedural snag earlier in the week.
The passage has sparked bullish sentiment across markets, with Bitcoin surpassing $120,000 and the total crypto market cap hitting $4 trillion. The industry views this as a watershed moment, boosting institutional investment and mainstream adoption. However, critics, including some Democrats, argue the regulations may favor corporate interests and lack sufficient consumer protections.
