US House Passes 3 Crypto Bills: What You Need to Know
The US House of Representatives passed three landmark crypto bills during “Crypto Week” (July 14–17, 2025), marking a pivotal moment for digital asset regulation.
The Digital Asset Market Clarity (CLARITY) Act, Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, and Anti-CBDC Surveillance State Act address market structure, stablecoin oversight, and a potential digital dollar ban, respectively, reflecting growing bipartisan support for crypto innovation.
The CLARITY Act passed 294–134, with 78 Democrats joining Republicans, establishing a regulatory framework for digital assets by dividing oversight between the Securities and Exchange Commission (SEC) for securities and the Commodity Futures Trading Commission (CFTC) for commodities like Bitcoin.
It aims to end years of regulatory uncertainty, though critics like Rep. Maxine Waters warned of loopholes risking consumer protections. The bill now heads to the Senate, where a draft is expected by September 30, 2025, per Sen. Tim Scott.
The GENIUS Act, already Senate-approved (68–30) in June, passed the House 308–122 and was signed into law by President Trump on July 18, 2025, becoming the first major US crypto-specific legislation.
It mandates stablecoin issuers to fully back tokens with reserves, conduct monthly audits, and comply with anti-money laundering and consumer protection rules.
Despite opposition from 12 Republicans, including Rep. Marjorie Taylor Greene, who sought stronger anti-CBDC measures, it’s a win for the industry, boosting trust in stablecoins like Tether’s USDT and Circle’s USDC.
The Anti-CBDC Surveillance State Act passed narrowly (219–210), with only two Democrats in favor, prohibiting the Federal Reserve from issuing a central bank digital currency (CBDC) due to surveillance concerns. Its Senate prospects are uncertain, but GOP leaders secured its provisions in the National Defense Authorization Act (NDAA) to ensure passage. Critics argue it limits the Fed’s ability to counter global CBDC trends, like China’s digital yuan.
Despite a GOP revolt led by Reps. Greene and Chip Roy, who stalled a procedural vote on July 15 over CBDC concerns, Trump’s intervention unified Republicans, leading to a record 10-hour vote to advance the bills on July 16. The crypto market showed mixed reactions: Bitcoin held steady above $118,000, while Ethereum dipped to $3,500 after a brief surge to $3,670. The Senate’s review of the CLARITY and Anti-CBDC Acts will shape the future of US crypto policy.
