U.S. House Passes Trio of Landmark Crypto Bills
After a week filled with uncertainty and political drama, ‘Crypto Week’ in the U.S. House concluded with a clean sweep as lawmakers successfully passed all major bills on the agenda.
On July 18, 2025, the U.S. House of Representatives made history by passing three landmark crypto bills, marking a significant milestone in digital asset regulation. The votes came after intense negotiations and a week of political standoffs.
The Three Key Bills:
The first bill to pass was the Digital Asset Market Clarity (CLARITY) Act, which received bipartisan support with a vote of 294-134, including 78 Democrats in favor. This legislation aims to resolve the ongoing jurisdictional disputes between the SEC and CFTC by establishing clear rules for the classification of assets under each agency’s purview.
Following closely was the GENIUS Act, which garnered even broader support with a vote of 308-122, including 102 Democratic votes. This bill represents the first federal framework for regulating stablecoins, a critical component of the digital asset ecosystem.
The third bill, the Anti-CBDC Surveillance State Act, passed with a narrower margin of 219-210, with only two Democrats supporting the measure. This legislation prohibits the Federal Reserve from issuing a U.S. central bank digital currency, sparking debates on privacy and government surveillance.
Next Steps in the Legislative Process
With all three bills successfully passing the House, attention now shifts to the next phase of the legislative process.
The GENIUS Act has already cleared the Senate and is now awaiting President Trump’s signature. The President has expressed strong support for the bill and is expected to sign it promptly, solidifying the U.S.’s position as a leader in digital asset innovation.
Meanwhile, the CLARITY Act and the Anti-CBDC bill will proceed to the Senate for further deliberation. While the CLARITY Act is anticipated to progress smoothly, potential amendments regarding SEC and CFTC oversight may arise. The Anti-CBDC measure faces more significant challenges due to its contentious nature and limited support.
Industry Reaction and Outlook
The passage of these bills has been met with both celebration and criticism within the industry. Ripple CEO Brad Garlinghouse hailed the GENIUS Act as a historic moment, positioning the U.S. as a trailblazer in the global digital asset landscape.
However, not all voices are supportive of the new regulations. Senator Elizabeth Warren has voiced concerns that the bills may not be stringent enough and could pose risks to the economy if enforcement is lax. Despite differing opinions, there is a prevailing sense of optimism that the U.S. is entering a new era of pro-crypto regulation.
As the legislative process continues to unfold, stakeholders across the industry are closely monitoring developments and preparing for the potential impact of these landmark bills on the digital asset ecosystem.