On July 17, Eastern Time, the U.S. House of Representatives passed three major bills in one go, namely: "Digital Asset Market Clarity Act", "U.S. Stablecoin Innovation Act" and "Anti-Central Bank Digital Currency Surveillance Nation Act"
Trump had earlier signed the new stablecoin regulatory bill "GENIUS Act", praising that this bill will establish relevant regulations and consumer protection mechanisms for stablecoins, stating that this move will solidify "America's dominance".