House Passes Key Crypto Legislation
The United States House of Representatives has passed three significant bills relating to cryptocurrencies. This marks the first step for a major society consensus. During a vote on Thursday, lawmakers voted in favor of the GENIUS Act, the CLARITY Act, and the Anti-CBDC Surveillance State Act. Altogether, they are at the heart of the crypto agenda of the Republican Party.
GENIUS Act Heads to President Trump
The GENIUS Act—“Guiding and Establishing National Innovation for US Stablecoins”—enjoyed a 308-122 vote with support from over 100 Democrats. The legislation gives the authority to regulate stablecoins. There’s a requirement for it to be declared as money.
The GENIUS Act has already passed the Senate and is now heading to President Donald Trump for signing.
CLARITY Act Wins Bipartisan Support
The CLARITY Act was also passed, which seeks to provide a clear market structure for digital assets. Received strong bipartisan support, passing with 294-134 votes.
If this is made into law, it will help ease regulations across agencies and will give crypto companies a clearer path to compliance.
Anti-CBDC Act Sparks Debate
The Anti-CBDC Surveillance State Act was the third measure to pass and was the most politically divisive. It passed 219-210. The legislation would forbid the creation of a U.S. central bank digital currency (CBDC), in keeping with Republican fears of financial surveillance and government overreach. Advocates think it protects personal financial liberties. Critics, mainly Democrats, believe it limits innovation and future choices for monetary policy.
Mixed Reactions from Lawmakers
House Financial Services Committee ranking member Maxine Waters called the bills dangerous loopholes that would create opportunities for financial corruption. Nevertheless, multiple leading Democrats, including Nancy Pelosi and Pete Aguilar, voted in favor of the GENIUS and CLARITY Acts. Earlier in the week, Waters held a press conference to violently critique the Republicans’ so-called “anti-crypto corruption week,” while also questioning the Trump family’s business involvement in crypto.
Industry Applauds Legislative Progress
However, the crypto sector sees those votes as a breakthrough. Industry leaders and advocacy groups praised the House for paving the way for regulatory clarity. Summer Mersinger, Blockchain Association CEO and former CFTC official, stressed the need for the Anti-CBDC bill to protect financial privacy and maintain competitive markets.
There are many advocates working for the crypto industry. Digital asset companies are spending hundreds of millions on lobbying, campaign contributions, and super PACs. This means they have emerged as a powerful group in U.S. financial policy.
Conclusion
These three crypto bills mark a watershed moment in financial regulation in the U.S. government. With the GENIUS Act now waiting for President Trump’s signature and the other two bills moving to the Senate, this legislative momentum reflects the growing bipartisan interest in regulating—not resisting—crypto innovation. Stablecoins and blockchain could pave the way for the future of U.S. finance as the future of global money continues to evolve.
